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@red - i am always honest, i could have lied to Oligarch or not responded, but told the truth, thats what you get for being straight up honest i guess.
GKP and OCDO are showing a good entry point on the daily charts, been on my watch list a long time and want some of the action before its to late, they are far more risky than IDS and could rise a lot quicker than here in the coming days, hence ive derisked my all in with IDS just for now. IDs has 250 written all over it from what i can see on the charts, hence my side step for now, doesnt matter if im right or wrong because im still in here with 50% of my PF. win win or win lose
@broch - if you were referring to me then best button old boy, you know nothing, i was all in IDS, so selling half my position with other fantastic ops makes sense.
I wont bother posting any more of my thoughts here asw its not appreciated quite clearly ;-)
But that money will be coming back at some point rest assured
@Darbo - im into buying and selling shares, IDs isnt the only one on the stock market, ive been presented with 2 other massive buying ops due to circumstances as earth quakes and wars, so i am not sitting here waiting for results, thats still a month away, i could make more over there and buy these back in a bit cheaper, lets see....
@mike - its the algo doing that, when there is low volume it has to make a market to instigate buying or selling, you can tell this as some days when there is good volume it will open near on previous days close price.
These high frequency trading bots are what causes it, the algo just gives it a shove in the direction it wants to play, the bots do the rest.
@red - knowing how the city operates i think they will stall the SP in a range for a bit up until just before results, its a good opportunity for them to frustrate shareholders and get back some shares, see it consolidating until good news breaks for the next leg up.
Https://www.asktraders.com/gb/analysis/royal-mail-ids-share-price-fell-3-50-amid-multiple-problems/
dont panic this was yesterdays news, didnt want to post it then and add to the melay, just be aware how badly these clowns want you off the share. Not the first time this website and author has tried to push the price down 'yawn'
@Stup - this is no ramp i just want show you what mean on the chart, i watch the stock from the off everyday i have live instant chart set with one window at 1 second intervals, IDS has been in strong uptrend since May with only good new to come (see daily chart on RHS), new CEO, coming out of industrial action from last year the books have to be massively improved, GLS which is part of the IDS group 500 million profit nailed on for this end of this year. Now no bad news anywhere, no one could find any news, other than the usual grumblings of the RMG employee's. I run a business in parcels and this year has been great so far and imo and sense of normality has resumes so not expecting any nasty surprises.
Chart on the right is daily chart showing uptrend since resolution of industrial action.
Nasty gap up there at 241p indicated by the purple box.
Share price continues on bullish following the trend.
Hit stalling block at 278p and a bit of sell off.
No news around, just waiting on good news.
3 Broker upgrades all above £3 in last month, highest being goldman saches at 341p
Now you might expext an aggressive sell down to the 254 area with a dip under it to hoover up some stop losses.
No it goes the whole hog and fills that gap at 241p closing at 241p
It opens the next day 251p (ignore the candle colour i was here watching on my live chart, dipping to 249p only then carried on up.
all those stops that got hit under 249p down to 241 then got locked out next morning on open at far higher price to buy back. cheapest they could get in at was 249.
Gap gets filled, retail investor taken out of the game price moves on.
Now if that is not white collar corruption i do not know what is... thankfully i dont use stops, i just sit at PC, its pain but best way imo.
https://ibb.co/wKBPG1V
Imo looking for gaps etc really only applies to large gap shares with good liquidity, AIM is more sentiment\news driven with also much smaller amounts of shares in issue. I dont play aim these days but good luck because many do make lots on there just to easy to get locked in for me.
Ive learnt more trading FTSE 100 and 200 stock, algo's run the price, its easier to get the feel of the algo and its behaviour.
The gap on IDS couple days back was major support at 2.47 (top of gap), the bottom of gap at 241, there had been no news and already the SP had fallen from 2.78, ok fair enough profit taking, but it doesnt move a SP 40p.
In the after we hit major support around 254, teased around and then sat around 249 for quite some time, if dipped down to 247 a couple times and got bought straight back up, it then sank to 241 right near the end of the day (gap filled) When it open in the morning it opened 10p up!
https://ibb.co/XC35w0W
think of all those sellers at end of day having watched the SP collapse the last 3 days on nothing, they are then out of the game and having to get back in 10p higher. IDS never has share price movements like this with no news.
They dont need to search them because the algo left them previously by opening up (or down), yes they will if they can go back and fill them imo, its also possible the mm's lose money on those gaps which is why they like to get them filled if possible. if there is a wide gap even a penny or two in and it will trade lots of shares to account for the previous gap loss's if the whole gap cannot be filled.
Charts give little clues as to what might come ahead, i am amazed at how many times i look at something and ignore yet it comes true, you think that its impossible for it to move that far but it does and its not a coincidence imo.
Sorry to say its all rigged imo, i work in tech, how can someone write software algo to accommodate manual orders, orders hidden behind retailers order books and not the open market, delayed orders, etc etc. Not possible, i think the weighted volume at the end of the day can move the algo in one direction or the other but thats weighted not individual trades.
seen enough dodgy share price movements over the years to understand that if the algo wants to go one way you wont change that unless there is buying or selling on mass. Thats usually attached to major sentiment change.
If you want an example go and look at IDS and the game thats been played there this week, there has been no news, no leaks, just scare mongering, if you want to see the gap that got filled go and look on investigate at the daily chart and the price action.
@Broch - are you the man of steel? was the lorry badly damaged? new avatar Broch the Roch ))
Hope your doing well in your recovery mate, make sure you put in a claim ;-) good news is SP is on the up, perhaps you can sneak in a few day trading sessions while in the office?
@Bigtime - i may not work on the inside but i run my own business selling online, ive sent more parcels this year already than i did entire last year, there is a sense of normality this year for the first time since covid and customers are not holding back on spending. RM can soak up fines for late delivery etc if they are raking in the pennies on sales, from my experience things are booming.
The chaos from what i read here at RM is normal, hopefully this will be improved as time goes on, we also have silly season coming up so i expect Q4 results to be even better.
Hold for Gold