Member Info for MrEMC2

Looks to me that we are on or just below the 100dma. So either a bounce or fall further. Toss a coin?

So this closed 84p what does that mean theoretically chartwise?

"Sell in May and go away" is a well-known financial-world adage, based on the historical underperformance of some stocks in the "summery" six-month period commencing in May and ending in October, compared to the "wintery" six-month period from November to April. If a trader or investor follows the sell-in-May-and-go-away strategy, they would divest their equity holdings in May (or at least, the late spring) and invest again in November (or the mid-autumn).

I think that PMO qualifies as an underperforming stock:)

I have been outside this morning now come in and find that the bots have come out - will PMO keep in positive territory?

Members... I won't get into an arguement but you may know that I have been worried about a possible longer term head and shoulders pattern before Capra popped up and that I originally sold at 90p before the PMO results and missed the spike to £1. I am only an amateur chartist and welcome the views of more proficient ones. Good luck.

This is what happens when I try to reduce my losses. Buy too high; sell too low!

Capra suggested that a close below 84p yesterday could lead to more downward pressure. So I did not wait to see what would happen today. Waiting for re-entry in the 70s.

again first thing this morning. Reduced my losses from yesterday.

@ 83.26 for some more pain:)

Hi Capra - why would the drop stop at 72p? Can you see the big head and shoulders forming from July 2017?

I missed the spike to £1 following the results but looks as though I may have been spared some pain selling at 90p if this continues falling.

dtrade that was what I was hoping watching it fall to 97p but when it fell below 90p I did not want to take any more chance. For others sake I hope the share price races upwards.

Members hardly deramping - I wish I had sold at 140p or 110p. Only managed to get out by taking a difficult decision at 90p. Just pointing out that long term chart shows what looks like a' big head and shoulders' forming with possible low below 70p. But sure, if it gets that low would not mind buyng again.

Yes note the oil price but also watch the chart - zoom out to 2017. Alas Venger may be right and it could go below 70p before the down trend is reversed. It is what I feared since falling below 97p.

https://www.marketscreener.com/PREMIER-OIL-4004314/charts/

Noted your comments guys thanks. Shame I have been in continously since February 2017 but I'm out with profit which is better than selling at a loss (obviously). Bye for now but I have a feeling that I might be back in again at a lower price.

Right I'm off to the Oval to sit in the rain but hoping that there will be some cricket.

All out at 90p - can't take the stress of dropping any further (if that happens). Good luck to those who continue to hold.

Q. Why didn't I sell this morning? A. because, because ................

Elise Hi, I don't know why we are going down ahead of expected a good trading update next week. I have been twichy ever since the price went below 97p fearing a crash in the share price according to an interpretation of my chart. But I am not a day trader.

So wait for the trading update! Note the 50dma is at 90.4p

to bail out whilst there is still a 9 in front of the share price - anyone?

Hi Stout,

The full details are in the RNS dated 27 July 2018

https://www.investegate.co.uk/greatland-gold-plc--ggp-/rns/issue-of-equity/201807271154230302W/