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30 June 21 yearly results released months ago? I think I'm not the only one on this board wondering where they are then. Latest in fundamentals on this site are 29 June 20.
Why the 5% drop?
A leak on less that hoped for YE, or a tree shake for IIs to get cheaper shares before good results released?
I have seen a lot of more depressing charts. Can't say this is very depressing as the 200 day moving average still shows we are in an uptrend, albeit a slow and decelerating one at present.Hoping acceleration will come soon after the YE report.
GLA
Loads of talk in the media and government each day about the environment, with Glasgow summit this weekend and with Greta today calling for financial institutions to invest in greener companies (like JLP), yet the price goes down again today.
It demonstrates how the sp is being manipulated to keep the price down to get fed up PIs to sell and to let the institutions snap up the shares. A patience game, if you sell you will miss the train and the IIs will be on board. You will then have to buy a first class ticket to catch the next.
At least the 200 EMA is at the sp. Last time that happened in July it gave the sp a kick up.
Well, the SP has not fallen to the placing price of 16.03.... yet!
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?