Member Info for Stupmy

I've added quite a bit here. It seems to have bottomed for the time being at least. If the price exceeds 248 we may be seeing a change in trend. Can't see any scheduled news events until April 19th. Anyone know why the SP is looking a little perkier?

Good point Rick. I should have spotted that.

That's interesting Savage, thanks for that info.

Stille, for the moment, there's no bravery for me. It's a small trading position in a big market. At the moment it favours the upside in my view. Big markets make small positions valuable. I'd consider increasing the position size with more evidence that the dust has settled.

From my point of view TUI are leading the pack a bit here, they're raising money to shore up their financial position. They've just had a consolidation (followed by another fund raise) and I think that'll reduce the volatility in the SP and put a bottom under it. Wider market problem will have an impact here of course, but TUI appears to be trying to get itself onto solid ground. Claret, I'd have thought the worst was over for TUI. I'm just trading it so we probably have a different way of seeing things, but I'd say in the near term we're likely to see some upside.

Can't help thinking that the dust is settling and we're about to move to the upside, trading is very active in it at the moment. I got in at 683.

I'm out at 129 area. I'll watch it as it's clearly going to do well. I'd be hoping for the price to drop back to 112 and if it did, I'd probably enter a larger position for the medium term. Good luck PI

I've been lucky enough to get in at just over 116 on open. Fingers crossed it'll rise a bit from here.

Jefff, I agree. I'm just hoping that I'll get a better entry. I have some money tied up in positions quite long term. I try not to accumulate too much and try to be disciplined about moving in and out to make daily (or at least rapid) profits without extending my risk). I don't think the 'crisis'is over, I think there lots of reasons that could lead to further widespread drops in the markets. I want to be sure I have cash available if that happens.

R I'm not even sure that you have to delve that deep. It's the future, the SP has run up in anticipation and no-one can see into the future. Assuming that the 'ship is tight' or that the industry has a feeling that favours the downside, I'd have said that backing off from share buybacks is a sensibly cautious approach. Obviously I'm aware POO is rising and that could also be the cause of the SP rise. The wider back drop here is also important, for the moment markets apear to be putting to one side the US and Swiss banking issues (now some talk about Deutsche Bank), but what about ****stan. If that defaults on it's debt and it has a lot due in the next few months, who takes that hair-cut? How does that feed into an already jittery general market sentiment. What happens if something **** happens with Evergrands 300 billion debt pile? Who takes the haircut there? There is a lot of danger out there and personally I'm not at all convinced the turmoil is over. In fact I expect (on the basis of TA and nothing more) that we have more pain to come. I'm personally trying not to increase my risk exposure no matter how attractive some opportunities appear to be. Some of them may very well look even prettier in a month or two or 6 from here.

If there were to be some disapointment tomorrow, the prices may be better. I'd have guessed it was simply that.

thanks for that positive, can you see the irony in what you posted?

It's back, ghosts in the machine!

I posted something earlier about the risk of tomorrows anticipated EPL ammendments somehow disapointing the markets. I'm starting to think I'm losing it, I can't find it at all now. Anyway, I closed out all of my positions in Harbour as I suspect that in some way the market will be disapointed tomorrow. GL to all those holding over this period. I've retained all of my ENQ shares so if we get a good result, fingers crossed I'll benefit there.

Disapointment could come in multiple forms including no floor to the EPL, a floor at too low a price, or a structured floor over the wrong price range. I'm sure there are others. Hunt wants to boost the tax coffers so he's not going to want to give all of the 35% back to us in my view. I suspect that whatever we get will lead to a disapointed market. For the reason I closed all of my HBR. If there is some disapointment, I could easily envisage buying back at 244 or lower. I have retained all of my enquest so if we get something pleasing tomorrow, I'll presumably profit there. GLA, let's hope it's great.

Telworth have increased theirs by 0.36% to 1.1% (8th March). That is data from Shorttracker and doesn't take account of any possible changes over the last 48h.
From a TA point of view it would be better if the SP did not drop below 616 and important it doesn't close below 612. I'm trading it long but just on a day trade basis for the moment. A break of 686 appears to favour a test of 697 and if that broke, it looks like 770 area and then 815 could realistically come into play.

Wider market issues to one side, that would seem to set the scene for the next leg up. Don't forget some of the directors are now holding larger positions. At one point there was only 1 director with more shares than I have, that's not longer true.

We had some discussion about threatened industrial action in the offshore industry (pay related), does anyone have an update on what's happening with that?

Today's webinar. Very positive. Recording and slides available after it's finished. It's on now.

We've come off a lot further than 451. It doesn't necessarily invalidate the diamond pattern idea. I'm very tempted to try a small long.