Looks like everyone is now looking for the safe stock to put their money. This is certainly one of the best. I am still holding on to this one a not letting go now.
Agreed. It does look like it is going to have another attack at the 111p resistance point along with the favourable market sentiment might push this further this pm.
Agree just not enough volume. Bit of a dead cat bounce this one. 1st Resistance point at 111p which it can't get over. If it does 2nd resistance at 116p. Plus it is voting day today and a lot of investors staying in cash until that is all over. Tomorrow or next week might see more action here.
He said it would finish at 110p. He might be right the way this is going back up. Might have to wait till tomorrow now though as getting close to the bell.
Mostly auto-trades which come in to drive sp down. Then someone will load up big time and then the auto-bots come back and drive sp back up again. Good game good game. As soon as they start buying then that is the time to buy back if you can get hold of any as it usually goes in to auction for your average punter and you miss out.
Funny how they drop these shares to around £1 mark on any bad news. Good news and it takes about 6 months for a share to climb up. Do like a big drop though. Invested in stck when that dropped last year to the £1 mark. Now that has climbed up to 160p with a few ups and downs on the way. 160p seems to be the first recovery mark.
Agree on that. A 67% drop in one day for a ftse company when they have other irons in the fire. Can see this bouncing back up a reasonable percentage this week.
Be interesting to see if this goes below latest support level. Sold all mine on recent high but now buying back today after hitting this support. Can't see how this should be effected by the EU election but just following usual pattern for NMC. I see brokers have increased their targets to over 1400p and expect the sp to continue to climb this year. One of the better stocks out there IMO.
Future for Lam now looks interesting with the Joint Development Agreement now signed with Saudi Aramco, Bahri,
and Hyundai Heavy Industries. Bought back in at 71p. Looking good for a recovery here.
RE: will this fall back to the lows?27 May 2016 13:07
No. Looks like we are climbing back to the highs. One of my better buys recently as was able to get back in at just under 270p. Continuing to hold at the moment as momentum ilooks good.
Hi Obelix, I will have a look at that one. Thanks for the tip. I do like this sector as tends to be less volatile. Done very well with both my holdings over the long term. Good luck to you too.
Well there you go. A lot of Isat business tied up in Maritime & Energy which is in a bit of a slump. I nearly bought in to these recently as sp looked to be on the rise. Will hold off and wait now.
Looks like today is seeing a turn round in sp with broker targets at 150p and buyers back in force. Does look to be a good buying opportunity with a possible 30/40% rise this month and main markets falling.
Me too. Sometimes takes a few days before the buying spree to click in. Looks like sp is starting to make a move north today with further moves next week. I still have a target at 150p and bought in some more today having made a few trades this week.