Member Info for mojo7865

Well done those who had the balls to do it. I'm just interested to know the thought process. It's an interesting movement in terms of what has happened. I wouldn't touch it myself trading since 08 and left with the scars that has made me a skeptic on such things. Seen the rise and fall of all the big ones RKH,GKP,XEL all of us believed a dream back then but literally shafted in each one. The only one i remember back then that would have made me rich was BDEV how I loathe not buying it at 80p and instead stayed on the XEL ride. Lessons learned albeit painful.

I remember back then too shares moving 1000% in a week and going bust just as fast. Who remembers char,blvn,amc,afren. All those ones have made me super cautious and anything that seems too good to be true you leave well alone. I think in the long run as with 08 value stocks will reach their fair values with all the hyped/"it looks cheap stocks lets buy" crashing back down.

Sorry guys I know this is off the topic but I've been thinking. All the clamor around what's happened the past couple days is it really true what small retail investors are saying in that they are being stopped from buying more and it's a plan to cheat them etc.

I've had time to sit down and logically think about this.

How many retail investors have actually bought with cold hard cash vs how many have got on the greed train and used CFD/Spreadbets to take these positions.

If I ran my own brokerage and I saw what was happening and investors had leveraged position at what could potentially fall 90% I too would try and limit the exposure to this and up the margin requirement. What's to stop GME overnight plunging to $20 from $400. All those leveraged positions wouldn't be closed fast enough leaving a massive headache for the broker in that can a retail investor actually cover their position. Imagine the litigation nightmare of chasing every investor who lost money for their margin owed and imagine 80% couldn't pay the balance that was lost should it fall 90%.

It's food for thought while I take pleasure in seeing the little guy win and the hedge funds getting a taste of their own medicine for years of shorting stocks to death. I don't see it as black and white.

Maybe we should all set £10+ limit orders to sell all our beeps. worked for GME haha all I know is I'm putting a high limit in now fed up of shorters stealing food from my plate.

Didn't take too much notice of this till today madness we need someone to blow us up on wallstreetbets buy BP! looool take us to £100 a share lmao

272 on the 50 for daily and 277 for 200ma it seems like the 50 ma should cross the 200 ma soon signalling a strong rise on longer term charts.

272 200ma on the daily looking well oversold now. Looks like a repeat of when it hit 285 a few weeks ago only for it to drop to 250s.

Next point to sell out of IMO I don't expect this to drop below 282 tbh too much support there.

Them gaps are like pot holes haha

Top up target looks like strong support to me

Right on the 50ma for the hourly dipped a toe in if it falls will increase my holdings but maybe around the 280 mark.

Certainly seems so but, the tech rise was so unbelievable I wouldn't bet against the euphoria. I kept telling my friend stop buying Tesla at $450 after the stock split he was convinced it would see $1000 again. The astonishing rise in tech all in all reminded me that you an never guess the market. Days where news flow seems positive you can get a completely opposite reaction and vice versa. While I think the tech rally is over I wouldn't bet against seeing it jump up again at some point in the future.

Adr price seems to equate to 315 atm I don’t know what the correlation is at the mo but yesterday’s finish in USA was 309 and the price quickly moved up on U.K. open from 303. I’m biding my time buying again don’t really have much faith at these levels. Stimulus sentiment drove things up and saudi but, seen too many times when the markets turn “positives” negative quite quickly then suddenly we’re on 100s/1000s point drops on ftse/Dow. I’m also worried about political issues across the globe recent unrest in USA doesn’t seem like a one off now Italy has some problems. Longer term I think it will at least make it back to 400 the longer term problem I think people saying fund managers/hedge funds buying isn’t accurate most of them sold due to investor pressure on carbon emitting companies. I can’t see them suddenly piling back in we are in a transition. Yes cars and planes going to run on fossil fuels for a long while yet but, the market always looks toward the future and not the now.

That comment actually made me lol sometimes just reading and not posting can be more fun.

I use IG and use their charting tools. I usually rely on the hourly mostly and sometimes refer to the daily for a longer term picture hence why I said the RSI is heating up quite a bit. On the daily it's showing as 75 and on the hrly 72 I'm not a charting expert nor do I think it's always accurate though I rely on news flow and general market sentiment too. The charting just helps supplement entry and exit points. I do have to say though buy and hold is more profitable but I have different goals atm.

I think this will be a good test strong resistance here if it breaks out of here then there's no telling where it may go next. Short term if it doesn't looks back to 50ma around 294 region. RSI is overcooked now too on the daily and hourly.

Expecting this to find resistance not sure what the adr price is but, I expected 293 to put up a weak resistance. Having seen this rise almost 15% in 2 days expect some
Consolidation around the 272 level before the next push to £3. Either that or it will blast past to 312p where a strong resistance waits but, can’t see more of a rise this week as we got more lockdowns for longer probably till Easter. Sentiment seems to driven by expectation of stimulus but, we’ve had that for the past 6 months now. Also a majority democrat senate doesn’t help us longer term with fossil fuels. Even though we’re “transitioning”.

As I said though I did expect it t to reach 94 before the pull back but hey fear is an unpredictable indicator.

I think 277 will be revisited after it hits 294 possible revisit the 273 mark where the 50ma resides mainly because the rsi is about to heat up.

I expect 294 to be a weak resistance followed by 312 as the next point of strong resistance. Trajectory looks up overall.

As I did say a pull back to the 50ma seemed likely for a breather.