Member Info for Shareswotter

Unfortunately our beloved JLP has come into the focus of traders. Today the sp fell below the support level trend line of price dips and that also coincided with the MA200 hitting it. A sell signal for charters.

Repression, I don't agree. Draw a trend line along candle tails since 25th May and also a horizontal support line from the 23rd April bottom. They cross at about 15.6p. If the sp sticks to trend line then maybe 15.3p. We are almost at the bottom. Risky to sell and buy back lower, especially with todays red warning on climate change.
I just hope I am right! Good luck all.

Yes it makes you feel like selling it all and jacking it in. (but that's what they want you to do isn't it!).

19p and 20p have been passed twice already. It will easily be 3rd time permanent smash before the results next month. II's are now sitting pretty and the panicked PIs who sold are a bit peeved.

This is ridiculous! Does it mean that whenever JLP publish good news the price will go up and then return to 18p? No, it's the big boys in control, just trying to un-nerve and encourage sellers. Seen it all before.

Well maybe this is the bottom!!!!!!!!!!!!!!
And copper is up a little nit today.
Hold your nerve, no good selling at the bottom.

That sudden tick up to .26p in the last few minutes indicates that maybe it is .

Why?
- on 28 May the price came down to the 4p support level and that caused a nice bounce.
- on Friday the price "double bottomed " at 4p level, a strong bounce often happens after double bottoming, especially when combined with level.
- earnings report to Dec 20 seems to be a little overdue, if that comes in tomorrow and is good then....Lift Off!

Good luck all.

Sorry, so should be sp. Fat fingers on phone.

Foxhead, it is unfortunate that JLP no longer has a chart so rise then flat then rise then flat etc but now the so goes up and down. It is now getting more traded and manipulated by MMs as that is the way they make money. Nothing to do with fundamentals. If we don't sell when others do and then buy back lower we have missed out. Not easy to do sometimes. To take comfort, take the logerithmic chart and draw a straight line through the middle over the past few years. The latest wave is seen to be proportionally small. This time next year Foxy.....

Well here here we are with the price directly on a chart support level for the last two days and lots are selling. Hoping they have finished selling at the bottom and it doesn't break through it. A nice bounce up tomorrow?

Average grades yes, but I recall the emphasis being made by CB during interview was that "it's big", and yes, it is for the patient. This is now for the non traded part of my portfolio for the next couple of years. A safe holding.

If we plan to go ahead with the open pit mining early due to the ease of doing so and higher shallow grades it makes sense to me to process tailings immediately using JLP technology, as Colin is Chairman of JLP. That gives extra profit early over and above the norm.

Investors on this BB have often stated CB reads this BB. If that is correct then after all the recently expressed dissatisfaction on the radio silence a continued radio silence adds insult to injury for us.

I guess chartists are saying that it could go to .26 because that was the lowest it dipped on 29th April and that forms support. Projecting the current downtrend line, that could be 26th May. Not far away. News by then?

Well, after todays drop we are in the same support level area as 13th May. Will it hold? All we need is those yankees to say we were worrying for nothing and all will be well, and kick the Nasdaq up again. Wishing I'd sold more at 21p.

Sold all this morning, getting out before the big drop today, as we clearly seem to be in a down trend from good highs and heading for the general trend line drawn over the past few months. Made a loss but you've just gotta do it. When we get below that trend line will be back in as is a good company.

Share price has been on a steady decline for quite a while and drawing a trend line on the log chart predicts 4.3p in July unless news happens. Surely XTR / labs must be able to plan well enough to give some kind of date indication for assays, even if it is July. That at least might stop the drop. CB "shortly" means within the next quarter (or half?) Remember that.

I hope so but know MMs sometimes tick the price down to wipe out stops when they are short of stock. Down to 40p is extreme though. I've seen this happen live to a lesser extent and over about 15 seconds but the suspicious nature of this is that 3 minute candles showed it coming back over 6 minutes or so. I am not a premium LSE member so cannot see the trades back at 9.39am. Anyone?

Well today the price dropped a lot then came back somewhat (a long candle tail on the chart), and if it comes higher that would be a good sign. If tomorrow is blue that would be a sign of it being the bottom. Similar happened 12 May and it still went down though.