Member Info for Stupmy

For what it's worth, I bought back small long positions around 377 and will hold over the weekend. Possibly breaking up again. That'll have it gapping down on Monday open if anything will!

I think that's related to the wider markets Stille, you see the rise in the US around 1:30/2pm, in theory that could have been CPI related (dropping back, encouraging some to believe the US migh cut interest rates, therefore there'd be more money going into stocks), that was sold into almost immediately and we've continued the decline. It suggests to me that there is currently a distribution of stock from large holders (Smart money/insti's/funds etc) to PI's believing we're in a 'two infinity and beyond phase of the cycle'. If the US500 closes below 5200 or so, I think we'll see more distribution to around 5125. Maybe it's the start of a larger correction. It always catches PI's off guard as the media sells the long story as the clever money distributes to the eager beaver PI's. I think that EZJ is a victim of that selling and as you say it's probably exacerbated by the approaching weekend. Still, as we all know 'it can't go any lower'!!!

I can't remember the result of the discussions and that's almost certainly because I have never felt there was any information in the discussions that could help me to make money. I don't know the answer, but have never seen a response that has made me feel it's worth spending time and finding one Stille.

It's often discussed on bb's, often people claim it's code between 'those in the know' etc. From vague memories of these discussions, it seems most likely it's best totally forgotten about as unimportant

Someone suggested the last pump was associated with a ramping crew (potentially). I've started checking posting histories and filtering those that look as though they might be doing that).

Something odd is happening and there seem to be a posters who post nothing of substance, but are attempting to whip up bullish sentiment. I'd be careful of these people.

Volume is low Ian. Most of the volume over the 'bottoming formation' if that's what it is, is coming between 348-358 (roughly; from 1st week of April). On low volume, the MM's still have to try to find volume/liquidity, it might still be easier to drop the price to find that liquidity and therefore keep the market moving, than to raise it. In the absence of news, even if you have buys, my guess is that it's only just above the mid point of the spread and the sells are further below. So I'm guessing it tells the MM's to move the price down to maintain the market. That's their job. There is no conspiracy.

I'd support TA very much. It simply describes the personalities and activities of buyers and sellers. You can play the markets on fundamentals or you can play it on psychology (like poker). If you're good at both, you're likely to win more often so for my money it's a good thing to have both. If not, being good at understanding the psychology of market participants can lead to a lot of profit. A warning though, some market participants (increasing with time) are computers. Also the original chart patterns are less and less effective over time if you take them in too binary a fashion. But they still hold value within a range. Good luck Thumper.

Thumper, I do similar analyses from time to time when pattern takes some thinking out. I'd say, things are rarely exactly the same twice over and it's very high risk to put too much weight on that type of thing. If it starts to deviate you've made decisions based on that type of analysis, you might be tempted to drop out or buy at the wrong times. Be careful, but that's not to say its'not a valuable way of thinking. I'd only use it as a rough idea in addition to other more reliable ideas.

"Revenue means absolutely nothing, you only have to look at pfc or mcg to know that."

JG, that's amazing. It's like you could see a little bit into the future and knew SK's question "how much profit is CPI currently netting?" was coming.

If you can hone those skills and pm me, we can make a fortune together working off the rhs of the chart!

That doesn't look to be a significant change to me, I'd be tempted to dismiss it as unimportant

Is that fact JustAndy or is it something you've heard. Could you direct us to some reading material/references so I can better understand how that works?

Your statement "Shorts can be used by institutions to hold down the price while the scoop up physical shares. This could be happening here. The yanks filling their boots pre takeover"

It was an interesting case based on the sale of Autonomy to Hewlett Packard. Mike Lynch and his crew were accused of inflating the price of Autonomy and he's currently on trial in the US. Mike Lynch started Dark Trace with a number of board members moving from Autonomy. One of the companies shorting DT published a piece implying they were shorting on the basis that these folk had previously been associated with 'malpractice', that Mike Lynch was under investigation, that the same practices were being used at DT, that contract churn due to high pressure selling was a lot higher than normal etc etc. The Shorters publicly stated their case which presumably affected the PI's view at least. I had me nervous and I dropped out. For OCDO, as far as I know, there has been no public statement.

Thanks Boyo

I was being ironic fatprofits. My point being that, as you say, there are many threats out there, some of which are undoubtedly significant, but the media love them and we can't predict a timeline on them. I do personally believe that at some point something significantly worse than COVID (the recent wave at least) will hit us with an almighty pandemic. Just that I have no idea when and don't trust the media to help me with that for now.

Sorry Rob, what was the borker Note?

Boyo, what I meant is that it could be money on the sidelines that was dragged in by the ramping that started. Maybe when it lost moment, that money exited taking a fast profit on the whole and is back to waiting for the 'perfect entry'. Just guesswork, like you I'd love to understand what happened and why. In my view it's not insignificant, I just can't be sure what it's telling me. Like so much in life I'll hve to move forward with imperfect information.

Vole fever also ' spreading in Europe' https://www.sciencedaily.com/releases/2024/05/240528115000.htm

We're doomed!

I don't think we know it's shorts. Sangi's view that it could simply be ' pent up demand' on the sidelines believing there was a short squeeze, might have been enough. If we were to get a decent squeeze, the price could really motor to the upside, so it's an attractive idea.

Kipper, it's probably me that's read it wrong. I see now the sum of shorts is reading 1.55. That 1.81% near top right is actually what they've earned since the short position was initiated. Sorry for that confusion. It was me that mis understood it.

Maybe you're right Sangi, I did think there was a mad euphoria in the air.