Member Info for pipedreamer

I can't see how Boo can go from 56p to 25p without a rally.That would be virtually a 50% plus fall without any rally at all.
So surely one must come soon.Poster Should Have Done said 36.13 bounce would happen.We wait to see having touched into 35p territory whether we get a rise from here.
If it keeps going all the way down to 25p,one must ask if there is something in the background that we are unaware of !!.
If this was another company we would be asking what on earth is going on !!.But we shall see.
I can only comment on the technical aspect as regards this share,and there's a lot more posters on here that can analyse the T.A. on here better than me.But if i closes lower than 35p,and more iimpotantly if it closes lower than it's last low (30p circa),i'm afraid bad wouldn't be the word to describe it.It would need a new word in the dictionary.
But let's wait and see.One more thing,we haven't seen how bad the incoming news of this Winters figures will be.
I suggest a sit on hands strategy might be appropriate.

it does sadden me that i have to post what my interpretation of the Chart is.But where there should be a rally,albeit when it went down in a straight line from 64p to 39p,or the recent straight fall from 56p to where it now,there is none.There should have been one inbetween these prices on both occasions,but hardly a blip!!.
That shows incredible weakness on a chart,whether it be due to shorters or God forbid something lurking in the background that we don't know about !!.
Either way it sure don't look good.Of course one day the shorters may well get spooked at some good news and the s.p. will fly.But WHEN is the Question ?.The other thing is that anybody hoping to catch the bottom will probably need to be very nimble to catch it right,as when it hit 31p (or just lower),it went to 39p all in one day !!.The bottom may well be missed if you blink !!!.
As for all those underwater,i suggest a buy at 25p may be the only way of improving their average.Those that bought around the 31p level should hold esp if they have confidence anyway.
I survived the '73 crash,bought, and got caught out on Slater Walker that had a book value of circa 150p ,and crashed to 10p,all that in a BULL market run from January '75 to now.I've had my suspicions about markets for a long while especially back then when i had 20 shares bottoming at the time,i picked 4 of them that ended up staying static while the other 16 went up into the wild blue yonder !!!!!.Perhaps the S.P. only goes up when the P.I'S are uninvested,and as soon as they buy,it goes in reverse.Ho Hum.
As for other shares to look at.When the dust settles in March and the wrecks of all the small eateries and small pubs that get wiped out wholesale,i think surely that Wetherspoons and MAB will survive and take advantage when the recovery comes in that sector.The only thing to think about and work out is the entry point,of which i'm working on.

The next bounce will be 36 to 38p.But it won't go up far (48p ?).THEN it carries on down to 31p,if 31p fails to hold,then 25p could well be the absolute bottom.That's where the next support really happens.
This is based on my limited knowledge of T.A..I'll stick to what i know.
One must ask ourselves whether we should bother with this AIM dog of a share ?.Plenty of other companies to analyse.

It goes from 56p down to 39p in a straight line.THEN the technicals say sell ??? !!!!!!!!.Why didn't the technicals say sell when it was 56p ?.A bit late to say sell AfTER it falls 30 % in a straight line !!!.
If a "technical" gives a "sell" at this point,i suggest it's all a bit barmy.A bit late !!!!??.Any rally around here would only be lucky to bounce up to circa 49p,even if it's that lucky !!!.Even then it would start to head south again anyway.
If it goes through any more support levels at this point we might as well give up on the share completely,as it would be a sign of such weakness that it would suggest that there was something very wrong indeed!!!

Algo traders would be more likely to buy at 40p than sell !!.Don't think some on here know a lot about Bots,computer trading etc.
Having said that,this is a dog of a share,and has fallen foul of the shorters again.I see where and when the final bottom COULD be,but at these levels it's getting a bit dangerous with the volatility.Especially when we have no idea how bad retail is going to be this Winter.We're only at November 21st,it's a long way to go to reach March (sort of end of the bad weather).
How will things fare inbetween ?.There will be a lot of scaremongering going on till then !!!!!.

The rally when it comes,won't be going up to 50,s.

Agree with what you say.I have algo that is a rough calc that says it could hit circa 38p ( Intra day even).
So your 36.13p i shall watch carefully.Keep posting,your posts are much appreciated.

Hold on a sec,Jtan has to apologise if it DOES or DOESN'T go to 25p ?.No wonder i get confused on here.He said it would go up from here.
T4G ,you are saying that he should apologise if it DOESN'T go down to 25p.I can't go back and read all the posts.
Clear this up somebody .

Apologies,you DON'T think it will go to 25p.You questioned my 41p.I said it would bounce around there then after it was all up for grabs,not saying that it would go one way or another,although i said it looked bearish at the moment.
We will see.I won't be back to berate you, if you are wrong.I'm always respectful of posters opinions,

Do i think you're Trolling ? ,NO!!!!!
Do i think you have no idea what you are talking about ?, NO!!!!!!!
Do i want an argument ?,NO !!!!!
I know how i arrived at 25p,i wanted to know if you arrived at it the same way that i did,or you arrived at it by one of my many other ways .or you have something different in your ****nal of calcs.You know that you need at least 10 algos that confirm your decision when doing calcs.
It's best not to make assumptions too early about anything really,so if you could answer my question i'd be grateful.
If you wish to decline and keep your methods secret,that's ok,i'll understand.
You will notice my comments in my post about Golf17,that i said that posters should not pour cold water on his prediction of 25p.So we are both actually, on the same page.

Lot of posters on here slating each other.I do my own research and come up with figures and they are based on TA calcs and my own research outside of TA.
So many posters on here have slated Bears on here all the way down from 415p.Posters need to give predictions and then give reasons for their opinion.I wouldn't **** off Golf17,as he may well be right.I KNOW how he comes up with 25p.
The only way to do things is to do a Bull and a Bear scenario and then watch the chart to see if the shape (pattern) breaks down).
At the moment the bull run up from 31p has broken down IMO,and even this mornings small rally at 42p isn't following through.So a sit and wait and observe strategy is the order of the day.The fall from 56p to where it is now,is virtually similar on the chart as the fall from 68p to 39p.So best not to criticise posters too much,best to have a go at posters that comments but fail to back up their views with solid facts or TA.
Still haven't had a reply from Jtan yet .

Jtan,could you reply sometime (pipedreamer),in your own time,thanks.

jtan, about the rise from 31p to the top x.618.that, minused the last top ?,is there anything wrong with my calc ?,or does it not apply at this point of the chart ?.Ok no problem,could you please enlighten me,not suggesting that you can't,as i'm only a novice chartist.So take me through it.Thanking you in advance for your reply.

Surely a bounce will happen around 41p ?.What happens after is another question.I'ts been very disappointing,this drop from the last top,and i can't see it looking good on the chart.
Basically it looks as if the chart pattern has broken down,unless i'm misreading it.Disappointing to say the least.Maybe i'm wrong.Things need to be followed very carefully at this point.G.L.A.

You are far and above me as far as TA goes,(and probably everything else !!),but would not a 4/5% drop from here turn it Bearish ?.I've been trying to read the Elliott waves from 31p and trying to fit them in to an acceptable Bull pattern.
As far as my knowledge goes up to on the subject,i'm finding it hard to allow a further fall,because of penetration of tops of waves.
I'm no expert on Elliott,if you could help me and if possible explain what's happened since 31p,i would be extremely grateful.
As i'm a novice on the subject,and Boo is very volatile on the charts it's extremely hard to fit in all the waves.

Well it hit 46p and rallied,just as the poster Should Have Done said it would,(i said 48p).Now it should go up from here.I see where posters get low 40's from.But that would turn it Bearish IMO.It's very hard to read the chart in the early days of a Bull market,sometimes you have to wait for a clearer picture to emerge.
So, a rally at 40p,would be at best be a warning that the S.P. would need to be watched VERY CAREFULLY indeed.A move on up from here would confirm a Bull Market rather than it being a corrective move.
I'll have to have another look to see if we can get away with a move to the low 40's and still remain Bullish.Whoever said that reading s.p. moves was easy !!!!???!!.It sure ain't !!.G.L.A.

well if it does from here the chart won't look good !!!!.I know how technically people can come up with this figure ,but from here it would be Bearish !!,and i don't reckon it will.
It needs to continue it's climb to 66p.Posters seem very impatient,they need to remember that NORMALLY share prices don't go up in a straight line !!!

I never thought myself an expert but i have the 48.1 as well as a support,and it needs to get above it's previous high 56.68.
Next resistance would be 66p.I don't want to see any curling over fom here,that would mean the possibility of the shape of the rise from 31p on the chart changing into a corrective move.
But i dont think this will happen (hope not anyway !!!!).The Bulls and Bears having a punch up at the moment as to where they want it to go.

I'm not in Boo,and i don't have an opinion as to what's going to happen in the future.I would need a hourly chart from 28th of Sept.to make an opinion, (where can i find one?.).
I agree it would be very dicey for shorters to short it again.Something out of the blue would need to happen for them to do this ?.Everbody knows that testing times are ahead for everybody about everything.Surely it was all discounted in the share price when it was 30p ?.
Although not in it,Good luck to all who bought sub 50p,and good luck to all those with a high average price.Hope you get out one day on the plus side.

Yes we sell or gas to overseas companies that can store it,and sell it back to us at a dearer price.That's Capatalism folks,and in this case,it stinks !.