SMFC198710 Jan 2012 19:30
First of all is SMFC St. Mirren ??
If so can i call you Macavennie ??
Right nothing like putting me on the spot eh lol .Well tbh i am still bearish on the indices atm for the year ,this may change as world events unfold but i would still urge that investors remain cautious throughout this year ,keep 50 % or so in cash and play /trade/invest the rest .Take some profits or topslice to reduce risk and pick good companies with a strong balance sheet that are profitable and if possible in growth areas like DOTD .I have actually been holding this since April last year ,as you can see from todays action ,there has been a gradual build up of volumne traded and we are breaking out from the previous 7.5p -8.75 trading range .( I read somewhere the longer a share has traded within a range then the bigger the breakout ,when it breaks to the upside ,thats what i hope we will see here ).
We seem to be in a volumne and momentum breakout here so its hard to predict where the top will be ,no doubt there will be retraces but it should be the start of a good build up to next months figures release .
Good luck if get in early ,once 10p breaks it might fly quickly if the volumne is there .Atb sector ;-)