Member Info for Overtrader

Sorrell bought a shed load of shares at £5. The whole point of setting up S4 was to make a point to the industry & WPP. He will want to turn this around before any thoughts of selling. His ego won't let him.

Fair enough Seekinvalue. Your opinion however is completely at odds with CH's short & medium term ambitions for the company which he presented to the industry only a couple of days ago.

Slumming it with us commoners in the open market now - they can't get enough!

I doubt the board would have sunk £40k+ each into shares last month if it was likely to fold imminently.

It's possible the market will react reasonably well. There has been considerable selling over recent weeks. I always try to think about positioning - most who would have been inclined to sell would have already. Possibly a flush tomorrow morning but would expect the sellers to dry up pretty quickly.

They should have been better prepared to raise immediately after the spike last month. So important to strike whilst the irons hot, that's quite a dilution now.

Haha, end of the road is a cracker :)

Yes but I've read your posts which are generally negative so I wouldn't expect you to see it. Draw a line from the all time low to the price today ;). It's also a price which acted as a resistance numerous times last year, hence acts as support here above.

Yes the company is not at a point where it will be possible to go private and I highly doubt that's even a thought given the workstreams ongoing.

We're all here for the healthy blood aren't we?

Well done, but that doesn't mean you couldn't have done even better with charts had you learnt how they can assist your buying and selling decisions.

No there's a decent number of sells in there too. I guess long suffering holders. I suspect 13p is the floor here, very good support.

Well there was some money to be made today after all. Well done those who participated.

I can forgive him public speaking nerves. We've all been there and he may not be used to it. The content was sound.

Market makers raise the price when there are more buyers and lower it when there are more sellers, making a nice profit from the wide spread. Traders try to take a slice as it moves between the price levels. It really isn't that difficult to understand. Anything else is just conspiracy theory nonsense with no evidence.

Early signs of a turnaround evidenced in the chart.

Indeed, and a nice long rounded bottom from the start of the year which we just re-touched. I couldn't resist.

I'm in at .3285, pretty happy for the opportunity.

Resistances are 20p, 40p & 50p. Above 50p it's all time highs.

Ha, well we're wrong provided it holds. No one buying this morning paid less than 12.85. Will be interesting to see where it closes.