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So how about this.A lot of posters rejoiced when Norges bought.I forget what price they bought in at,or whether they sold and at what price.
MA is the buzzword now,but what happened to his Debenhams venture!!!?.Assumptions are the mother and father of all **** ups,said one general in ww2,meaning don't make assumptions.Are we in danger of doing just that ?.
Just asking,so we start another discussion away from the Pedro/T4G ding dong.I do respect their opinions,it's just that i thought i'd open things up a bit.
The next move from here should be down as far as i can tell.A bit dodgy trying to read a 2 minute chart,but it looks that way.I wonder if MA is going to dip his toe in again at 35 or 36,and give the shorters another lesson as to how dangerous it is for them to short at these levels ?.An attempt will be made to push it down from here.Let's see how successful they are.
For me this is the one reason why i think that 25p is unlikely,and that anywhere between 32 and 35p (if it gets near there),the shorters will be worried of a sharp Bear squeeze again,as they envisage,as i do, all those Bulls sitting with their finger hovering over the buy button.
We shall see.GLA.
A high of 40.79,and a low of 30.All in one day!!!.
Sorry guy,you'll have to explain your reply to me,as like others on here i reckon,i can't follow what you mean.
PP1,grooming ?,don't follow ?.
A dip just below 36.77 (last recent low),then a rally to 38p ish or higher to test 40/41p again.If igoes back up to 40p,it will mean that we are still in a longer sideways corrective phase.
If it goes to 38p and doesn't hold and heads down,that means the corrective phase is over and we are in a bear phase where lower lows will be coming.It's difficult doing smaller time periods,but i'm testing myself and learning along the way.Of course i'm up to being wrong,and i can live with that.I'm speculating.Let's see what happens.GLA.
Agree entirely Voltaire,thought that the other day,all that will be left will be big Retail Parks and online.
Jeremy,interesting,i like your points,and you post well.You must post more in the future,looking forward to your comments,as i know i can never be right all the time.
Jeremy,you can if you spot what appears to be a 5 wave down move.If you think it might go lower,it's something you would be aware that could happen.The move up from the last bottom,is it a 3 wave corrective move,or the start of 5 wave up move ?.
Smaller time moves lets you extrapolate as to what MIGHT be happening.It's just at this point you are looking to see what may happen rather than not looking and being caught unawares.I think it may go back down to the 32/33p (based on my long term analysis) again,one needs to see if whether,and if so what price MA decides to have another nibble.
Looking at the 5 minute chart it looks as if we are going back to 32/33.It's never cut and dried,but that's my take on it.A small correction is going on as we speak,but that will peter out.
If i'm right, i expect M.A. and the rest of you will top up,which seems like a good idea if you are a Bull.I still think that it will take quite a while yet for it to break out of the 30/40 range.Of course i could be wrong,i don't really do short term investing calcs. I prefer to wait longer and sit on my hands and wait for some good News fundamentally,coinciding with TA lows.
Just to ask,where do you think the bottom of Asos is ?.And does it tie-in with Boohoo as to when it will finally bottom (we know that 30p on 28th of Sept,was the last bottom.)
We seem to have some new posters.May i respectfully ask them to give us their reasons technical or otherwise,as to why they have bought or looking to buy.So Slacker fatman wessley TheNorthern razor parsnip Alex et al,if i have missed your analysis apologies,but please indulge me.Thanking you all in advance.
Thanks for the replies.Makes it clearer,and makes a lot of sense.
Tesco tried to break into the U S market.I thought it was a tall order.I went into a Publix Supermarket over there,BIG don't describe it!!!!.Good luck to Boohoo with their distribution centre over there.What spoiler tactics do you think the Yanks will try ?,legally of course .
The reason why posters come on here who don't hold is to feel out other posters to find out who are smart.This helps with their decision as to when to buy and when to buy.Simple.
I reckon there could be one more down move to come.How low price wise i'm not sure.Remember the actual bottom so far was on the 28th of September when it hit 30p.So technically, all since then is a bumping along the bottom.
Everyone is waiting for Good News economically,so it's a sit and wait thing.Patience as some are saying.
So we wait.
Yes i think you have summed it up well.
Somebody made a comment that some News ?,was due out in October ?.Can't see anything.Anybody know what the poster was referring to ?.
That wasn't Wyn,that was me!!.
Where is the s.p. going ?.
Shorts got burned.Magic Mike stepped in and propped it up.We may even get 43p top,but wouldn't bet on it.On the next move down the shorters and are now aware that Magic Mike may well step in at any time,this will give any correction on the way down to be more in an upward trend (pulling up short ).
I reckon he will wait for a move down and then go in again.I don't think shorters will dare to participate much at these levels as logically i reckon it would be a foolhardy mistake on their part.So lot of Bulls will be chosing their price to top up again.
Anybody that got in at the low 30's are sitting pretty.Posters who think it will rise significantly further in the short term don't seem to understand that after a nice rise,some with a nice profit may want to cash in some of their profit,and those who think it's gone up too fast in such a small time will hold off for a while.In a normal Bull market early on sudden rises that posters are hoping for,don't normally happen,percentage-wise.Only on very bad news will this go to 25p.
We shall see.G.L.A.
And wasn't to T4G.
Perhaps you should read it again,and stop getting your mate Boris to read it for you.Read it again.Could /should.
Making the chance of the next bottom a lot higher than 25p.The bounces have been at 30p 32p 32p and 32p respectively.
It could bounce off there again,and no lower as i reckon the shorters are getting nervous seeing it at 40p.
Profit taking should occur,and slowly take it down to 32p again.One more wave left!!!!.
I remember posting when it was a lot higher saying that 38p and 32p were support levels and 32p the likely bottom at the time of posting.I also said that if posters were Bullish or underwater but bullish,32p would be a good time to top up.
They should sit on their hands at the moment and IF and i say again only IF it goes to 25p,try a top up again.
When questioned by T4G,i made it clear that at these levels (circa 33p) at the time,that i definitely would not be a seller.
We will see how it all pans out,and keep updating the chart moves.I have always put in a hold recommendation,and have said before that anybody who bought between 30 to 40p should not consider selling,and put as i say put in a strong recommendation that if you were Bullish circa 32p would be a nice time to buy.
One thing to consider,if the chart gets negated and it sails on up,anybody between 30/40p and especially 32p would be sitting very pretty.For me i'm still hanging fire,as i need to be ABSOLUTELY clear in my own mind as to when i push the buy button.
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