Member Info for meldrew44

Thanks prop. Interesting stuff

There's no news inflow, presumably because SML has nothing to say. There are bound to be quiet periods like this.

It's too late to buy anyway. Buy now, on the peak, and you'll lose money.

Well said Dusty. Unfortunately most of us are distracted by money. I don't think that will ever change.

It's still not too late to buy.

What we seem to be facing is a takeover of the company. If so, the company taking over will be obliged to buy out any remaining minority interests at the same price per share as the major purchase. That means it doesn't matter if EME's 8.5% is part of the 75% or not. We will still get the money

Propinquity and others.

It's always amusing to come across clever people who have never studied their subject. Because they believe they're much to clever to learn.

Nevertheless, I hope you are all making money.

The ichimoku cloud forecasting tool Is very clear that we can expect a continuing upward movement in the share price. At least in the short term.

The market doesn't seem to like SML at this price. Neither do I.

But I might buy back if it drops far enough. Perhaps around 60p.

Noel:

Does that mean that we can expect the sp to go up or, can we expect it to go down?

The sp is continuing to rise.

Big-kahuna. Thank you for the information

Glennhoss. That's a good question. I thought that Empire's Pitfield titanium was higher grade. But then, I'm not a metalurgist. Perhaps Big_kahuna is a metalurgist, or has access to priviliged information about Pitfield's titanium that the rest of us don't have.

All we know for certain is that the MRE will be issued in October

I own shares in a number of companies. According to their indicator charts, two of them: Ithica energy and Serabi Gold are likely to go up tomorrow. According to their indicator charts, others, like Cobra and Empire are likely to go down tomorrow.

Cev. You do me an undeserved honour. I am none of those things. I wish I were. I just enjoy the challenge of investing. I didn't miss the 50% retraction. I saw it coming and waited for the bottom before buying. I'm sitting on a nice profit on my Empire holding as a result. I might add on tomorrow's dip. If there is one.

Gaud,

I'm sure that there are people on here who could explain it far better than me but I'll try to give it a go.

It is the various patterns that are created in the chart by buy and sell trades that enable people to see patterns in the graphs and identify trends. Over the years, analysts have studied the various patterns and identified commonly occuring patterns and what generally happens after those patterns occur. It follows that when particular patterns occur it is possible to work out what is likely to happen next. In general terms, it's as simple as that. The reality is a lot more complex than I've described. It is what makes it so interesting.

Cev. I din't short . But I did take advantage of the dip to buy.

I believe that no matter what the long term prospects for Empire are, in the immediate short term I wouldn't be surprised if the sp goes lower. That is what the charts seem to say will happen.

As Cev just said, the two traits that drive the sp are fear and greed, and, as he said, fear is the greater pull. Which is why the sp may drop over the next day or so.

It may seem strange to you guys but I do actually understand some of the limitations of charting. It is,after all, just a tool to help us make decisions.

However, I learned long ago that charts don't lie. It pays to take notice and follow what they say even if, sometimes, they go against other evidence.

They are a record of what the majority think. In this case the majority out there have expressed caution and don't seem to agree with you. I don't know why that is. I guess we'll find out before long.

Ukmoe. The indicator chart is very easy to find. It's on this website. I'm surprised you haven't already come across it.

All you have to do is click on 'EEE Share Charts' above. That takes you to the main chart that I mentioned. Then chose the EEE indicator chart option. That takes you to the indicator chart. All you have to do is study it. It's very simple really. lse provides it all for us. I like to research these things thoroughly rather than depend on other people's opinions. I'm always amazed at how few people ever conduct any research before investing. And how many rely on blind faith.