RE: To Bigted21 Jan 2014 03:18
It's fairly important to ignore the Highs and Lows given by LSE above as they are accurate, concise and perhaps not entirely useful for me. And therefore nonsense and unreliable. When I comment on a share, the price I use is a simple mix of High+Low+Close divided by three. Or in plain english, the average price.
Share pricing from an analytical perspective is weird as traders ideally need people like me to pay attention to the spread offered by a varied bunch of crooks. But the best I can do is give an average mid-price.
The reason for this diatribe is SOU closed at 5.13 ( actually 5.125 but my software rounds the number) but more importantly, intraday the mid-price DID NOT drop below 5.125p, despite the accurate figures given by LSE above.
(Now you know why only nutters do my job)
We did not feel the need to generate a new outlook tonight as, according to my software, it is not doomed. However, and this is a biggie, I just run the numbers again and 3.75 (prob 3.8) seems almost pre-destined. If mid-price starts trading below 5.125p, that's the final signature on the contract.
However... in the event of this share managing to trade a sniff above 6.15p, it's effectively a dayglo sign says "Stop Me and Buy One" as the longer term potentials don't suck.