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Sorry to hear that Gs ...Sticking to what you know probably is best.
Matt traded in and out of DARK for a small profit on Wednesday in the first hour. ..Will now wait for market sentiment to see which way its going . Gl alll
Quite a lot of action today and after hours in the auction It uncrossed at 2.69 which means it opens at 2.69 on Monday.
Its holding as well ( hopefully) we will get our breakout soon to 2.90/3.00 and beyond
All bodes well for next week
Good luck GS let us know how you get on
Thanks for that Matt re CMC that is very encouraging. It does currently appear that IGG.. PLUS and CMCX are just a little out of favour with the market . The winter months should see more trading and sentiment should turn. Ill hold on but also underwater ..... Re IGG 670/ 680 looks a good entry point if it gets there.
GS Lloyds yes very good results ..... Pity they didn't throw any of that cash to us shareholders re special or increased divi. m 60 p next stop, if we get a rate increase we should see some movement
HI Matt thanks for that response, your stable coins through Youholder is working out well for you and long may it continue..
I still struggle with all crypto trading but have been in and out of a couple of block chains this year but the excessive volatility. puts me off.
Ive basically been trading shares through my broker some of the usual high volume shares that we all know .
I use fundamentals but try to enter on technical set ups and exit on a topping pattern. Then i try to repeat it over and over and often trade the same share up to 6 times . Its been good this year up to now.
Ive recent sold a wad of LGEN this week and hope to get back in on a drop ( hopefully)
I am back trading forex on longer time frames using weekly charts and had some success here also ( the exposure is frighting though) . Your dark trace a brilliant trade and well done for getting in and holding and reentering on the of the support .. I will keep looking at it now to see how it goes .
I had a pleasant surprise this morning as my S/B on Lloyds closed first thing on a TP at 49.96 .
My Lloyds in my P/F still in the red .
Any thoughts on CMCX i got in on techs and holding for the breakout?
Gs keep up the good trading and nice work on selling 888 at a top
Hi Mando . It would be good to see that pattern again, let hope we do.
We do know that the drop was overdone and this share is still hugely over sold. It continues to consolidate in this 2.65 to 285 range.
All the ingredients are there for it to push up to £3 and then break out beyond. perhaps the ex dividend date and earnings call for November will be the catalyst to shoot it up. Gl all
Hi GS and MTB good to see you Matt on this board . I have spotted you on other boards and hit the reco button a few times..
Thanks for your response re IG pro and now I want to ask you if you trade during the auctions period?
I still have a unreasonable wad of Lloyds also ( not in profit) but would be if i included dividends .
Just looked at your Darktrace It got up to about £10 on the 24th of September. then tried to break that again on the 14th October but failed to break it and sold off the next day . I guess this was your tell tale sign that it was now struggling to keep going up. Then four days of weak attempts to push up then yesterday a big drop back to a major level of resistance. It looked liked Peel hunt really put the boot in . Its a job to know what it will do next but the drop looks overdone .. At least no funds are shorting it.
Ill be back with my news later ......... GS the only fangs i know and recall were on my EX
I think this share is just being pushed around by the the market makers and its not related to the volume of trades.. I do believe it just needs a catalyst to get the thing going.
Ive been looking at volume over the last year and even before the drop, volume has always been low but the SP behaved in a more normal manner.
I cant see any real reason why it shot up first thing this morning and dropped right back later on, apart from Friday profit taking and to shake out a few more stops .
Perhaps if the divi was reduced it might tempt in more long term buyers. On the other hand when the ex date is announced that may also bring more buyers in. Holding for breakout
A lot of traders are waiting for the CPI (Consumer Price Index) figures to come out tomorrow morning at 7 am .
See where inflation is going , This could cause interest rates go up it, which will be good for bank stocks and could cause some volatility in the bond markets.. Holding for break out. GL all
The old adage "the trend is your friend " certainly is true right now for RDSB .
A pause may come but it won't hold for long, It will be instigated by the market makers to let more people buy into the trend.
When it comes hold and enjoy the ride
According to the volume It looks like the selling is slowing down.
Hopefully it will consolidate between 265 to 285 for a while.
Have to wait and see, October can be a volatile month.
Holding on
Nice work on Saga Tc ...........I will look at your other tips. Ive traded JD com earlier this year but didn't hang around.
US shares on leverage tend to have big spreads but ok if you trade small .. GL
Fridays trading and the beginning of a new quarter sadly brought us a raft of negative news dragging the market down .. Market makers love days like this to stop and scare people out of their positions.
PLUS and IGG all down and my whole P/F took a hit. ......... Its great if a share goes up in a straight line and a little disappointing when it doesn't but remember why you bought into the company in the first place.
We have to give it time and learn to live with the ups and downs.
Failing that set your stops and if they get triggered move on ... Good luck to all
https://www.proactiveinvestors.co.uk/companies/news/961728/cmc-markets-could-turn-into-ocado-of-trading-with-third-party-deals-says-broker-961728.html
CMC Markets PLC (LSE:CMCX, FRA:T8Q)’s tech platform could transform the company into an investment giant, analysts at broker Peel Hunt suggest, as it widens its product offer and more third parties sign up to use its capabilities.
While the company is best known for its core contracts for difference (CFD) business directly with investors, it has started to offer its technology under white label partnerships, as seen with its contract with Australia and New Zealand Banking Group (ASX:ANZ) (ANZ).
House broker Peel Hunt said this was “almost the same as with Ocado”, which has enjoyed a transition from a grocery group to a tech company by selling its technology expertise to other companies.
CMC’s modular tech platform allows the traders to enjoy high levels of uptime during the most volatile times, which “has not gone unnoticed by other financial institutions looking to better serve their own clients too”, says analyst James Lockyer.
A soon-to-launch new iteration from CMC of a UK investment platform “should shift it further away from leveraged products and could potentially add £0.5bn in value”, Lockyer said.
“With more deals, we believe CMC Markets could rise to circa £2bn or 730p over time.”
However, in the short-term Peel Hunt cut its full-year earnings per share forecasts 47 and 34% for 2022 and 2023 after this month’s update gave guidance for net operating income to settle in a range between £250-280mln.
Having seen the shares fall by a third over September to a close of 275p on Tuesday, Lockyer said he believed the equity decline is “overdone” and set a share price target of 462p.