Member Info for OsakiSushi

Any comments on 888 Holdings from anyone - looks very close to a viable entry point though recent SP movements have not exactly followed any recognisable trends!

What tends to happen is someone asks an intelligent question and a few folk answer it. We're trying to use the IHGP area for general speculative mumbling but things are pretty quiet as most folk are on holiday! Click the Share Chat tab at the top of your LSE screen and choose the PREMIUM tab - you will see all the posts in all the shares. Fortunately, it's quiet enough that share chat about various shares takes place in umpteen forums. However, I tend to trawl Regular for CT7's postings. Or CT8 as he now is. Oh and welcome.

Bizarre but just ran a "do nothing" with the theoretical 27k investment. LGEN, YELL then XTA would have provided substantially higher returns than RSI 5 if the initial sum was dumped in any of them at the time I started trading seriously this year.

Just did a test of RSI5 theory for the period from March 9th to present. From an initial investment of 27k, a person would be holding a portfolio valued at 66k at close of business today. I used RBS, LGEN, VIY, AV. XTA, and YELL for the test with between an initial 4 and 5k pounds in each. The actual RSI 5 buy in points I chose were simply the close rather than intraday movements which on some (Yell and XTA) are often much better. The actual COST of the shares in play has risen to 51k in that period giving a spendable profit of 16k assuming the person simply was maintaining share counts. Which is 4k more than the spendable profit I've made on a larger initial sum and encompasses just 22 trades in total.

Can let your breathe out now. Nice finish!

Noted the earlier 2.2% rise and didn't want to comment. QQ. look viable on RSI 5 today but don't expect much more than 140 for 'em at current buy in 1.33. How do we buy shares in Ricks Cabaret? (Bloomberg is on the bottom left of my screen and was distracted by their segment on the Nasdaq listed company!!!)

Thought you were coming up to Scotland today for the start of the monsoon season? Will keep an eye on GKO though the volumes look a bit thin. Enjoy Tobermory. We usually stay at the big hotel overlooking the ferry terminal when we go for the Mull Rally in October.

Hi NKoTB. I'd targeted 313 for entry and was lucky enough to get it at that, just before it slipped down by another 9p. We bought from a day trade standpoint, one backed up by the fact it was a short, medium, and long term low. My only other share in this sector is QQ. which looks safe for mid 130's entry and mid 140's exit until start Sept. Sorry to everyone else here. I bought from a technical standpoint....

May be worth watching for unusual activity on this in the next week. The Met Office report of a BBQ summer has now been recanted but I suspect their Q2 results may be interesting.

The core issue is greed. We all know (and read daily on LSE) how folk have made fortunes on the market and newbies think it's simple. Everyone knows shares can only go up in price, don't they??? (EME...) When I started properly October last, I used LSE extensively to choose my candidates for my 1000 quid burn thinking smart folk in chat forums knew all the stuff to which I wasn't privy. I only ended up in profit thanks to GEDW <enk> and SAGE <vgm which I bailed until I got my own back on it> but at one point, was sitting looking at my 1000 pound Portfolio being worth under 300 quid. In fairness, it was only the day of the 10p RBS shares which turned things around as I asked my wife if I could spend another 1000 on RBS shares. The quick profit meant the pair of us started working together, making higher DAILY profit bankings than we'd made throughout our business careers - two heads better than one. Now our daughter also works with us. I highlighted DAILY as my previous big bucks have taken years to achieve. I'm liking Premium as it's allowing folk who're commited to talk sensibly (rather than "some folk who should be commited".) The more brains the better. What I just revealed is if I say something, it's probably wrong 'cos I glanced at the financials and ran some numbers and basic charts, my wife ran the historicals and director history, then argued with daughter about Ichi! Then we made a decision. Carole Smiley was pregnant for 18 months

The core issue is greed. We all know (and read daily on LSE) how folk have made fortunes on the market and newbies think it's simple. Everyone knows shares can only go up in price, don't they??? (EME...) When I started properly October last, I used LSE extensively to choose my candidates for my 1000 quid burn thinking smart folk in chat forums knew all the stuff to which I wasn't privy. I only ended up in profit thanks to GEDW <enk> and SAGE <vgm which I bailed until I got my own back on it> but at one point, was sitting looking at my 1000 pound Portfolio being worth under 300 quid. In fairness, it was only the day of the 10p RBS shares which turned things around as I asked my wife if I could spend another 1000 on RBS shares. The quick profit meant the pair of us started working together, making higher DAILY profit bankings than we'd made throughout our business careers - two heads better than one. Now our daughter also works with us. I highlighted DAILY as my previous big bucks have taken years to achieve. I'm liking Premium as it's allowing folk who're commited to talk sensibly (rather than "some folk who should be commited".) The more brains the better. What I just revealed is if I say something, it's probably wrong 'cos I glanced at the financials and ran some numbers and basic charts, my wife ran the historicals and director history, then argued with daughter about Ichi! Then we made a decision. Carole Smiley was pregnant for 18 months.

Oddly, MacD and CCiMA have just turned bullish on the daily view. (very very small bulls though) Without news of some sort, looks like October before we'll see movement and even then... goodness knows which way!

Rejigged my figures for the FTSE tonight. Looks like a retrace to 4415 (or thereabouts) will give us the impetus into the bull run for 4740 or so which is nice for those holding recovery stocks. The UKX uses RSI 15 30-70 bands at present I feel. It does look like the RSI's need adjusted by share and for prevailing market conditions. I'm favouring 30-70 bands simply because the ADVFN charts use nice thick lines as default for these levels. It is probable that come September, RSI 5 may need transformed to RSI 6 or 7. I think I know what I'm talking about - having just read the foregoing. Best of luck.

Sorry, missed your post until tonight! Will catch you soon for a natter. nb, noticed your locale. Once upon a time - I owned the BP on Hamilton Road, Mt Vernon. Sold it in 1999 when the petrol market turned bad.

Rather dangerously, I was showing a loss on VGM of around 100 quid earlier this year so spent a couple of quid when it dropped to around 0.68. Price rose within the day and sold making my loss back with an extra couple of pence. Got my own back! Looked at it about a month ago and spotted some potential but working on the basis that Shares Do Have Memory, walked away...

When I started last October, walked into VGM and ENT sucker ramps. Have grown to dislike such things though will admit to keeping an eye on the current 'gang' to take plunder on the basis I know what's happening. Haven't done so yet though as they seem quite inept at choosing reliable targets (grin). Bizarely, took a look at VGM recently and it seems to behave like a share should - well, almost.

Any comments foks about VRP. From RSI 5, it seems safe to plunder a couple of times per month and the trend since Jan 09 is somewhat safe.

Been watching you play with petrol and matches in the public forum... <grin> Moosh, it seems the RSI strength needs adjusted for specific shares and also time of year. I'm looking at a shares historicals and tweaking RSI to give 30:70 spreads but also mapping RSI 15 to give a decent slower trendline. ANTO does look like a decent one to watch for.

Not sure about the double top - was considering selling to buy on retrace but the RSI price strength is significantly stronger than last time at this position so decided to hold. GKO look good imminently for quick break up to around 82p I think. But SQS worries me

REX looks to be of interest tomorrow or Frid. They go ex-div tomorrow and the RI news has depressed the SP but can't see it dropping below 235p and the recovery upside is pretty useful over the coming week.