Member Info for Pokerchump

Ag, the good old North Wales gold mine, O&G - I remember it well and that amateurish YouTube video that caused such a SP spike !!
I’ve just hit a break even position and I’ll see how far this horse runs now TBH. Once it runs out of steam, I’m out.
I’ve seen this thing spike and fall back too many times for comfort. Things are now just getting interesting and I’ll undoubtedly exit at the wrong price. as per usual !

No bluffing, Pete. Just a LTH from Stellar days who is looking for break even to get out.

I understand the definition of liquidity , however, MMs on stocks like this should be generating liquidity through accurate, reasonable spreads - that's part of their role. The same as our inept board should be driving PRIMs value and communicating the disconnect between our SP and true NAV to anyone who will listen. The lack of interest in this share is demoralising.
Again, we can all do dummy buy/sells to see the true spread, however, showing incorrect spreads may be putting off potential investors.

This share has no liquidity at all !! I just don’t get it.
The spread is painful but surely the assets on show here, including the phenomenal performance of GGP, must perk interest ?
Discount to NAV is large yet not a sniff of buyers.
What am I missing ?

Can buy on HDSL

All this excitement and 9 fecking trades !! Says it all really.

Very true Kitsz. I’m not really a trader TBH and have an average level of charting knowledge IMO. I enjoy reading the posts by Kellogs and another chartist called Velo. Opens my mind, thoughts and experiences of how others read charts to develop my own knowledge. I mostly invest for good yields in solid companies going through a hard time. I always look at sector analysis and cyclical patterns. 80% of my portfolio is buy and hold types - just get a good entry price, pick up the dividend, sleep easy at night and understand that ups and downs in market levels will happen over time. I’m a great believer in not worrying too much about timing the market perfectly - just understand the sector cycles and know that dividend reinvestment and compounding are an investors greatest friend. I don’t know enough to trade like some guys here, so I always try to stick to my strengths. I top slice when they look well overvalued, taking profit and add when they look well undervalued, adding value hopefully. I just sat on my hands with the four mentioned and timed additions poorly and am feeling the pain now at various levels with the shares. 20% of my portfolio is my ‘trading money’. That’s the part I want to develop to make the bigger returns rather than the slow burner buy and hold types.

Never a truer statement spoken. I currently have 4 positions where I have let my emotions cloud my judgement. BT, VOD, TSCO and CNA. Each one had been investments held for years, however, each one started to collapse with me not taking profit once they started to fall dramatically. My main points being 1. Never get attached to a stock. 2. Stop being an ******** !!

Welcome back, Kellogs. I enjoy your chart analysis. I must admit I’m nowhere your league for charting and I was looking for strong support around that 140 area to jump back in. I agree, if that fails at the third attempt, there may be minimal support at 135 or it’s a very quick downhill to around 120s.

I agree Jack. A myriad of information in that post. Unfortunately a lot of it is beyond me, but I’m sure if it gets deciphered, it would be a very important knowledge base.

Interesting thoughts. GL to us all - we’ll all need it by the looks of it !

Ha ha - if I didn’t know better, I think you were trying to make me paranoid !!

Great info. Something to digest over the weekend. I don’t profess to be an expert in any shape or form. I make my way though and have traded/invested many times with VOD. Unfortunately I got caught with my pants down this time, although thankfully I’m not in particularly deep. Just looking for a good entry point to recover a few pennies. I’m an avid part timer, continuing to learn the dark arts and hopefully setting myself up for my second job when the day slog times are finally over. If you fancy divulging any more of your secrets, you know where I am !!

What’s on your screen MarketNav ? Any insights ? Not many indicators on my screen. I’m a ‘naked’ trader/investor type of guy - price action and market structure are my biggest indicators. Most of those indicators are lagging anyway and just seem to cloud my judgement. I’m interested in the momentum indicators after reading some of your posts. Once that price direction flow begins, your view is the Algos will just intensify that trend until it hits another marker and then reviews the next move ?

MarketNav, that post at 20:28 about that old horse of yours - it nearly made me **** my undercrackers, I laughed that loud !!

C’mon Velo, let the cat out of the bag. What’s your number for a reversal ?

Excellent post, Velo - appreciated.

Give us a view of the CNA chart though. 142ish seems a big support level - if that goes it looks like a quick slide to low 130s and possibly back to the dreaded 125 area again ?

Velo, are you in here as well as BT ? Are you going to give us a bit of charting info ?

LC, looks like your 151 resistance price was right on the mark ?