Member Info for poorgolfer

Charts still not looking too good for this. Could easily see 52/53 yet which would be a lower low and reconfrim the down trend (as if we didn't know already)

Is worth trading this in the ISA though as the cycles are reasonably predictable. I see you bought at 56. If you sold at 69 and rebought back near 56 you get an easy 20% increase in holding. But guess it is whatever suits you. GL

Hope it does. Looks like it is heading back sub 60 though. Could be good buying opportunity next week.

My biggest concern about this share is that it may drop out of the FTSE250 unless the SP picks up.It is only a few places above the FTSE250 automatic exit point. http://www.stockchallenge.co.uk/ftse.php

Plus I sold my holding @ 68.4 on the 11th Jan and am looking for a new entry point. All the technical indicators suggest further downward movement so I will be holding off.

I think you're right about the article and hope the overall direction is upwards.

Don't think so, this was well over bought at 68/69 and had nowhere really to go from a technical analysis perspective other than down. Think what we are seeing is the natural drop off the high. The important thing is where it bottoms out in this cycle. If it bottoms higher than the previous cycle low then is a good thing and will then hopefully go on to make a new high. That's how share prices generally move unless some large news item causes a quantum leap.

Think we might see a bit of a pause after today as this is looking quite overbought on everything except weekly Stochastics. Though has breeched the daily upper bollinger band which could indicate further gains. I hope so, I have just broken even!

Seems to have found strong support at the 64\65 level. No real reason why it should drop from here. Is currently trading at only 2.7 x earnings which is pretty low IMO. Between 5 and 10 would be more typical. I think we may see a new trading range established between 64 and 74.

http://www.investegate.co.uk/Article.aspx?id=200911190700077255C

Sorry to disappoint you, but the trade at 4:35 was an uncrossing trade. Happens every day. Is just the books being balanced at the end of the trading day.

mmm. Yes, the daily chart was very over bought with stochastics just about turning around. MACD was still positive though. I had been in from 75 and sold out out at just over 85. Thought I had made a mistake as almost touched 88 before starting to drop. Is impossible to pick the tops and the bottoms. However, PVCS has been in a very stable trading range for since May and I have done pretty well trading the cycles. Small but steady profits without too much risk. Is worth while looking at the charts for the past few months and you will see what I mean.

Was an uncrossing trade. Not a buy or a sell. Just balancing the books at the end of the day. Something weird happened though. Never seen such a big change in a SP via the final auction.

WTF happened there? Price dropped by 4p after the end of day auction!

Charts look to me that this is very over bought now. Wouldn't be surprised to see a re-trace back to mid 70s over next few days.

Japanese government planning to reduce greenhouse gas emissions by 25%. Solar was mentioned in the article. http://news.bbc.co.uk/1/hi/sci/tech/8241016.stm

I'm back in too. In the ISA this time. Due PXS don't want to pay the tax man more than I have to.

Good on you. Is a nice share for steady profit this if you can time it right. GLA

:-) I'm a golfer who's poor. But thanks to some nice buys in PXS, MONI, NPH and AST getting less so.

Looking for an entry point in this again. Is pretty oversold on the daily chart. Think it may go as low as 74 ish before next cycle starts. Been good share to trade this if you get the entry right. Good for 20% on each cycle.