Member Info for Montyhedge

One of four at the moment, good lead being the first.
Surprised your back in you sold at a loss below 300p, hoping to buy them back, now back in at 415p, welcome back, your double your money, if you don’t try to be to clever, trying to guess the price for trading. Sit back enjoy the ride to 800p.

Someone said Amazon is like the Deathstar if it rays shine on you, ie high street retail etc your in trouble. But being in partnership with Amazon superb news.
I see Micro back to 800p. That’s only the price there were in January this year. Director bought 1.5m pounds worth at 783p in February this year. They know the company better than us.

Of course profit taking before the weekend. Nothing wrong with that. But I reckon momentum traders will push this straight through 500p next week.

therebarron
I think your see 500p+ next week. If there is some weekend press comment anything could happen.

I reckon still another doubler to come. My short term target 650p, medium term 800p, tuck away 1200p.
That’s my thoughts.

Going to be interesting to see what happens at 2.30pm when the US opens. Last night for a brief time Micro were suspended on the mark up rule, so many buyers.

When momentum traders get targets in their forecasts, they act like a magnet to get there.

Nothing goes up in a straight line two steps forward one back. But looks like next target is 650p for traders, short term.

I like what the Chartist says 800p and 1200p act like a magnet for traders.

https://www.ii.co.uk/analysis-commentary/chart-week-are-micro-focus-shares-back-dead-ii514331

Targets 800p then 1200p have I read that right.
https://www.ii.co.uk/analysis-commentary/chart-week-are-micro-focus-shares-back-dead-ii514331

A lot of investors have sold, saying I buy them back at 350p. Unlucky guys you tried to be to to clever.
I reckon new trading range next week 450p to 475p.

It’s a shame keep taking small profits you miss out on the big one.
Momentum traders will push this through 500p.
Sentiment has changed.

Seems strange, no rns, normal volume, no bear capitulation. No share tip,
That’s why it smell of a bid. But Greg Locke bought 1.5m pounds worth around 783p in February this year.
Surely he would not sell out cheaply. Micro are a sitting duck.

Perhaps one of these new US investment vehicles SPACS.

Must be bid rumours, they are a sitting duck.

I think your right, looks like a rerating going on. Once we break 400p and close above that level, I don’t think your see them back below 400p onwards and upwards.

Couple of companies reported in US today, one cloud one cyber security, both great numbers. Salesforce taking over Slack, perhaps cloud, cyber security etc the place to be. I think the Americans may be looking at Micro thinking good value. The Micro Focus article in US yesterday afternoon, probably lite the blue touch paper for lift off.

What I look at and I think is a good indicator for me is price to sales. 3 billion revenue market cap 1.25 billion.

Micro had a great night in US the Americans buying the adrs. U.K. investors more conservative of tech stocks. But the yanks love tech stocks. They will be the ones buying the adrs that drag the sterling price through 400p level. That’s my opinion.

Well up in the US tonight, even after hours going ahead. Americans appreciate software companies more than European investors it seems to me.
415p I see before Xmas, when the Santa rally starts.