Member Info for Special666

I wonder what has gone off there? Nice 3 tranches gone through after hrs....

Equity dilution of 77%, record losses, the industry on its knees. The rise was due to the institutions selling their holdings to the uneducated, now its on its way back down. Moodys rate it as junk, JP target 65p. To hold would be to speculate a significant change in market forces and the individual business itself. Fact: there is no vaccine, we can't even have a kids birthday party ffs. I'm not too sure where the rainbows are coming from. Labour calling for even stricter rules. Common sense has left the building.

Interest will eventually stabilise here, volume will undoubtedly subside. What then for the SP?

Just the intraday, normally the ii's passing their shares to the ri's.

J45, the uplift was temp. My equity on my cfd account went up in auction only for it to come back down around 5. 194.85 was the final price.

It's Long & Shorts vs Brokers & Market Makers.
Everyone is here to make money in a volatile time. I wish everyone luck no matter which side of the coin you're hoping for.

There is a gap in the £5's. I wonder if the market will fill it. 91% of the time it does.

While oil has shot it in terms of price, the Russians need a solution. This is the solution imo

They're keeping this down so Boris can load up.

*hostile

Once all amicable channels have been explored, things tend to then move onto hosile proceedings. Looking forward to the next few days.....

That makes complete sense, thanks!

I guess a short trap could be in play?

Thanks for your reply Roydon, it's invaluable to me to bounce these off more experienced chartists. Would you say that currently we're still in a bearish situation? On my chart they're all running parallel to one another. The 50 MA doesn't appear to be looking to be nearing to cross yet.

I get that, however without news then surely historic data is the only real gauge. we know the markets for RR are in bad shape. We know the SP has been moving down considerably. We surely do not know for sure that isn't going to continue, the only true bottom is 0.00. A catalyst will be needed to stop the bear movement, like fiscal intervention or a T/O. I'm torn between positive forecast and pessimistic one. Oh well a move south of 1.85 will see me stopped out anyway.

Stupid question Roydon, I'm fairly new to charting. On trading view, with RR, i'm seeing both 20ma below 50ma and 50ma below 200ma. Obviously, I do not envisage for one second I'm correct but is that a bearish sign? I'm long here, even though they have made my dad redundant (he's actually happy about it) and have no motive other than to understand if im looking at my charts correctly.

I think they'd be better to wait until the SP goes up to around 50 - 70p on partnering news. Next placing will need to have good value after the bag of nails last year. Even Dix was embarrassed at that one.

Avion don't however IMM do have to release news immediately.

Was it just a coincidence that the large shareholder dumped a load of shares yesterday????

Let's all take deep breaths, relax, go to sleep and wake up in November when this is £1+