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I based that comment on this, which was updated on Friday.
http://www.stockchallenge.co.uk/ftse.php
I haven't checked the prices for thise around the cut in, but generally FTSE250 has dropped this week, so think we should be well past the tipping point at current price.

Hopefully not. We just passed that FTSE250 threshold, so hoping we stay well above it as those peeps buy in here.

Confused by theBarclays equal weight rating.
They have a target of 330! Surely the two aren't compatible or do their analysts really expect the average return on stocks they covee to be 50% over the comimg year.
Surely that should be over weight or even buy!

It is probably worth pointing out that some of those estimates will not be brand new, so out of date and will now be less than 12 months.
I regularly check that page and the high lows have been the same for a couple of months at least

From the FT...
Share price forecast
The 9 analysts offering 12 month price targets for Petrofac Limited have a median target of 169.70, with a high estimate of 240.14 and a low estimate of 120.07. The median estimate represents a 25.70% increase from the last price of 135.00.

https://markets.ft.com/data/equities/tearsheet/forecasts?s=PFC:LSE

Normally target for 12 to 18 months

And kink dink, you start that message by stating you aren't a shorter. But if you are about to sell based on RSI, you are presumably hoping to buy back shortly if the RSI drops again, so swing trading and you are about to short in all but name.
Each to their own. I've said it before, I don't play those games and am in here on a very long basis.

So based on a 14day momentum indicator which blindly ignores the actual goings on in a company.
Not a fan of momentum graphs. Often wrong and give false flags, especially during strong trends. If you look at that graph, the trend is still positive and staing well above 30 with the lows climbing.
We may see a dip if enough traders are watching this indicator, but suspect if there is, it won't be big as the direction of travel is up on the back of some good news, hopefully with more to follow.
It is very possible that signal is oroginating in this case, from people buying in after doing other TA and reading all those positive broker ratings and targets.
And hopefully the FTSE250 traders about to join the party.
Roll on a contract win or two.

GLA

On what basis kinkdink?

If we can keep this run going., it's not far to the levels for FTSE250 reentry. Another week like last week would be nice. And if we stick the landing this time, we could see an interesting end to May/start of June as those that speculate on such things pile in.
We could really use a big win as that would pretty much nail it.

Not a clue.
But ERM seem to think making hydrogen offshore is cheaper than doing it onshore! Bonkers!
Hope it ain't them!

Google them and they seem to be a long/short hadge fund. So the question really is how much are they long as it seems they play both sides. If they are longer than they are short, shows they think this will go up. But if shorter than long, the oposite is true . I suspect they went longer so inreased short as a hedge, but who knows!?

WG flying for their own reason. Asset sale looming. CEO changeout which some were speculating was the reason for some of the shorts. So short squeeze on a low volume share going on and people piling in as the asset sale will help remove their debt issues and stand them in good stead going forward.
Glad I am in heavily over there and think it is only just getting going!

I also noted the lack of green boxes lately.

Well, I might be glad I kept some powder dry in my ISA accoint.

Note to self. I have fat thumbs and should proof read posts I do on my phone!

The google price is from the sell at 17:09. A tiny volume though.
After hours trading does take place though, so those must be shown? O note that the grey ones after this trade didnt change the price and wondrred if those were earlier trqdes logged after hours and the coloured ones were proper after hours trades?
Not that it matters much to me, just curious.

As am I Mr Carrots. But struggling with the logic if today is linked to Wood. I'm expecting bigger gains in the short term over there with asset sale news pending. PFC may see a rise on the coat tails of that but would guess a bigger impact to Wood itself. This meanwhile wilp get bigger rises on the back of new contract news.
Mind you, the logic of the markets never fails to amaze me and I could easily have boobed.
Hoping to reverse todays trade after any rise in Wood on asset sale. But still overweight on both of these and plan to be for the considerable future.

I am quite surprised by the size of the rise today. Is this on the back of Wood or something else?
At this point, PFC is actually up more than Wood which seems odd if it is just that.
I took a tiny bit of profit at 127.9 to get more into Wood ahead of tomorrow. Hoping the results are accompanied by news on the sale and assuming it will rise more if it is.

Holdings now equal across the two shares, very happy with the rises since end of ISA tax year and reckon both could double over next 12 to 18 months. Maybe sooner if we are lucky.
Good luck all holders ;)

It is possible of course that the sale will be finalised later in Q2. But surely if so, negotiations would be at an advanced stage by this point and an update will be included in any announcement tomorrow.
If it is confirmed this will rocket tomorrow and likely to see a rise even if it is just a positive update.
We saw what happened when it was first announced!
IMHO obviously.

It seems the ISA year end was perfectly timed. Very happy camper today!