Member Info for OsakiSushi

SID is on our analysis target list. The report for Monday reads: This painfully slow path is now starting to close on our 13p target but movements recently suggest the price risks overshooting toward 12.5p. If there's intended to be any emergency recovery, it needs intraday movement above 14.35 as this should provoke 15p as an initial breakout target. This would at least place the share in territory where it has stopped going down and allow a secondary at 17p

USDJPY The bounce appeared to fizzle out. It's probably worth remembering we remain viewing this as heading toward 91 or so but it has not yet passed the level where a final drop becomes inevitable. As a result, near term movement above 95.3500 has a target 96.1500 with secondary at 96.8000 GBPEUR Movement above 1.1798 can be expected to continue near term toward 1.1812 with secondary, if exceeded, at 1.825. It becomes of considerable interest if it manages to actually end a day above 1.1800 for the longer term as an initial 1.1905 calculates as the initial recovery point. Longer term, we're supposed to accept this is due to recover toward an initial 1.2350 but until the relationship exceeds 1.1945, we'd be awfully cautious with that number! EURUSD managed to avoid any triggering movements. We continue to regard the underlying pressure as being toward 1.3525 longer term and even near term movements above 1.3360 should provide 1.3380 with secondary at 1.3410 EURJPY Managed to avoid any triggers but we'd be inclined to pay attention to any motion above 127.2800 as an initial 128.3400 looks possible with secondary at 129.4000. There is one important detail in that the longer term underlying pressure looks designed to take this toward 124.1050. As a result, until either the bottom potential is achieved or the relationship makes it above 131.000 currently, long positions will tend to underperform. GBPUSD Currently, this is heading toward a longer term 1.5930 with secondary, if exceeded, at 1.6300. Near term motion above 1.5735 should provide 1.5775.

Will do that tonight for the header section. Thanks for the suggestion. Will post my thoughts here sometime after 10pm.

Out of interest, what do this lot actually do? We literally only work with the number trails.

I'd be awfully careful with this lot. I'm not the one running daily analysis against it (daughters job) but just looked at the logic progression table she's using. Tonight, she'll be writing something like: "Target Met. The big problem now is 0.56 is available next with movements below 0.76p. In fairness, it urgently needs positive news as the ruling force is from an ultimate bottom of 0.34p" Near term, there's a slight chance of it doing a fake rise toward 0.95 but this is simply part of the route to the bottom target. Unless some miracle takes it above 1.03p, we'd avoid optimism. I'll publish her outlook later this evening as she's perhaps seeing something I'm missing - which is why she does shares and I only do index/forex.

GKP has now managed to get back above 160p and could now easily see this back at 166.75p with secondary at 169.5p. This would allow the price to move into a zone where it could close above 165p and confirm breakout. In terms of drops, should the near term rising trend break (currently at 150.5p) then we would see the price continuing toward 148p initially with secondary at 142.75p.

Our private commentary on QPP for Monday will read something like: "QPP managed to achieve one scenario we had not considered as it managed a move above 8.25p at the open before dropping like a cliche. We remain in awe of opening second spikes being used to kill a share price. Oddly, it managed to both cancel the risk of a near term 2.65 before introducing the potential of the price finding a bottom at 5.2 which, if exceeded, gives secondary 4.65p! An interesting detail comes from movement above 8.25p now provides the near term potential of a visit toward 11.3p. Obviously, we'd prefer such movement did not occur right at the open. "

Probably wise though not entirely convinced it will see 4p. The spike to 8.4p at the open was a scenario we'd not considered as it only permits near term 5.1p or so as a worst case. Will know more on Monday obviously.

It's not one we scan daily but a few clients have asked about it. The big picture suggests they are about to do a 'gotcha' drop back to 7p which, if exceeded, allows another one to 6p. I'd be extremely suspicious of the fact it has not produced a significant bounce from the current 8p level. (I only work with mid-price). It would currently need exceed 8.85 to enter 'safe' territory but the visuals stink. Sorry.

Tonight, our report reads; "We like where WSG closed as it permits movement toward 47p with secondary at a longer term 67p. If it's all going to go wrong, the price would now require to sink below RED on the chart below at 37.5p to scrub the upper targets." Generally this year, every time we've written something like the above, the market has reversed the share for a few days before taking it to target. Quite weird.

Take a bit of care here. We've noted this year generally the fourth test of a bottom doesn't bounce on AIM's whereas on FTSE's, the third test has been the killer punch (the rules change roughly every six months) We'd expect a bounce on Gulfy near term but anything below 135 mid price would scare the heck out of me as it lends an air of inevitability toward the 124 level for the next dead cat potential. The price desperately needs exceed 149.25p mid to provide some comfort.

It's not obvious but I'm the bloke behind "Trends and Targets". If I posted in regular chat, it'd risk either ramping or de-ramping a stock which would totally screw with my numbers. So I contribute my tuppence worth here as the guys in LSE premium know I only deal with numbers and nothing else. <grin>

Commentary from this morning on FRR. Cannot post our chart here. "The updated chart is quite interesting from our saddo perspective. We've been puzzled the share hasn't made the final leap to our target 1.18p and rather amusingly, if we map the closing prices on the share, it's reacting to a trend from October 2009. As a result, while closure above 1.02 provides a pretty comfortable signal of moves toward 1.18p with 1.3 secondary, normal behaviour for a price to break above a 5 year downtrend is for enhanced movements as the underlying force becomes toward a very theoretical/hypothetical 16.75p. If an attempt is to be made to avoid breakout, movement below 0.8p allows the share to drop toward 0.55p "

Tonights pre-market read: "Near term, Any further drops below the 132p level would allow for an intraday drop to 123.5p with potential secondary at 115p on the path toward our bottom. In terms of recovery, near term movement above 149.25p would allow for a glance at 158.5p on the way to our secondary target at 171p - which would allow the price above the near term trend (BLUE on the chart below)." Currently, I'm not commenting on that section of the alphabet but I've made the person doing so very aware GKP is capable of a phoenix movement.

From our Wednesday confidential commentary: "Target met at 141. Or near enough to make us miserable. It's hard to provide optimism against GKP as the share has closed in a truly foul place where crossing one's fingers presents a viable trading strategy as bottom targets now sit at 97 with secondary at 62p. The chart below is a five year one and unfortunately the bottoming targets do not look silly. The big however comes from several other shares recently who've found themselves taking the first step off the precipice and received rocket propulsion upward. In Gulfy's case, seeing the price gapped UP at the open would be a fairly reliable symptom of such behaviour. An early warning for optimism would be the price exceeding BLUE on the minute-by-minute chart at 171p as this could now provoke irrational behaviour toward 200p "

This was from our report to subscribers tonight. If you use any of this in regular chat, please do not say where it came from! "Target met. The price managed to close bang on the 5 year long term rising trend so if the price manages to close any lower then it would cement the potential for a drop toward a bottom at 97p with secondary at 62p. Should 153p now break it would allow for the near term potential of a drop to 141p. Any miracle on GKP needs take the price above BLUE at 180p to remove the immediate drop potentials. Even movement above 175.5 will provide adequate early warning."

I was asked to look at this lot. If mid-price exceeds 136p, can make a pretty good argument for 148p. It doesn't suck.

We wrote this on the 16th. Dunno if it makes sense as I can't show the chart. "We're starting to suspect the cycle is weakening as movements above 0.91p now calculate with 0.95 with secondary at 1.05p. The flip side is movement below 0.77 (RED) risks dumping the price back to 0.63p"

Someone mentioned SPA recently. Hard to ignore the potential of 9.25 mid price presenting a bit of a stumble near term. It'd need slip below 7.75 to cancel the target.

Just a brief overview on the AIM market (LSE:AXX) If it gets above 734, happy days ahead. If it gets below 655, unhappy days ahead. Currently at 716.73. We did a full report on it tonight with four pages of detail. However, only the summary really mattered as the rest was boring <grin>.