Member Info for Shanny80

Yeah, had a look whilst researching QQ. Needs a break of the downtrend and some sideways accumulation. Looks to be back on track. Thank you.

I have a lot of BAE shares but held since 2006 and added to the present time so good average. For now I think there are a few points of price rejection/resistance and some profit taking will commence, I've sold a few from my trading pot. I bought QQ. a few weeks ago at 340p, it's back there now, I added to my position today with a spredbet long, close above 364 with volume could see QQ. test 395p highs from February last year. My favourite of the two defence stocks right now. All just some random mans ramblings so please do your own research, I could easily be wrong.

ii offering 310.45 on the ask.

I would be more short term, using SLP profits from last week. At 300p there's 20% profit in it, but I would and have held for longer, just asses all the way to my target price and move as appropriate. My longer termers are mainly FTSE 100, some FTSE 250. Well done on your profit to date, I'm never in early enough, I like to wait for the fundamentals to be excellent before entry in any share.

Yes, the more I read the better this looks, assets are huge. EPS, ROC, ROE and no debt, more cash in the bank would be good but can't have everything. Looks to be set for exceptional growth. See 360p was resistance some 7 years ago too. Will keep a close watch on this, if it gets to 300p area it won't be there for long, possibly worth pulling the trigger sooner and set stop loss further away, we'll see.

Been trading sideways since February, this share came onto my radar early last week with a view to enter around 300-315p. 360p area is just resistance, market looks like it's waiting for this resource upgrade. Is the upgrade late, when was it expected?

44p tested yesterday, there was your chance for a decent entry, obviously with the spread it wasn't possible to get 44p but near enough. Todays open and close prices signal the bears backing off. Close at 49p or above tomorrow and it's all good.

@KingSuarez, I agree that the divi will be paid and probably rise it's just that it's sailing close to the wind with regards to dividend cover. I've held shares before where a company uses debt to pay the divi (not likely here) and the market doesn't like it.

I just wonder if it'll test 43p area, if that didn't hold then potentially 40.5p (old support). The drop has been quite dramatic the last couple of weeks. Dividend cover is estimated to be less than 1 going forward. When less than 1.5 it may indicate a danger of a dividend cut while more than 2 is viewed as healthy. Could be the reason for the drop, I don't know. I need to go back and do some more research as things may have changed here. Still looks like a great company overall.

@Max19 - August 2nd next update, full year results so should contain plenty of food for thought.

Bought in Tuesday with the close above 340p on higher volume. Close above 355p could see us testing the highs of February last year, 395p area.

Yes, great work Samroy. Some resistance at 79.8 then clear run to 87p area. Looking good here, more volume would add to the strength of the move up.

Showing more strength, close above 50 day MA would be most welcome.

Currently having a go at 530p area.

Ha, forgive me, I'm from up north. I just mean enjoy the sun outside today as it's raining tomorrow so look at QQ. then. Apologies, nothing cryptic implied.

Needs some bigger volume to get it over 530p, I hold. Bought QQ. earlier in the week, worth a look but may be tomorrow when it's raining out.

......Glad I have one.....

Anyone on the sidelines here awaiting entry? What price are you considering good value?

News on tomorrow, some movement to the upside into the close would suggest favourable results expected by the market.

Close @ 122p minimum would see the bulls take back some control. Close above 123.95p (50 day MA) would be even better, so basically 124p. Is this spread normal here, thought it might be a little tighter with all this volume again today? Back inside the channel on the weekly, just a little wick popping out, can live with that as it'll be seen as just noise when/if this bump in the road has passed. Hopefully no ones stops got hit today.

A lot of buys this morning as far as I can tell, early yet mind.