Member Info for Stupmy

I'm wondering if we'll see the price drop to 720-735 and whether there will be an opportunity around those levels.

It's getting exciting. Hard to see how that could be taken negatively by the market.

I have around 270 as being interesting. Some buyers coming in now though. Earnings on the 16th, probably won't produce negative surprises. Rig count is down, not sure how much that would affect us. I'm watching closely with the intention of buying in the near future. I think I'd risk holding this over results. I mostly don't do that.

So we've hit the 524 area and I'm watching closely for the next move. If I see evidence of buying I'll go long as the beta can be pretty good. However, I'd have a tight stop as that gap looks increasingly likely to fill. If the SP entered it, I'd probably risk a small short position with a minimum target of 470/475, but potentially 435 or lower.

The simple answer is, if you look at a chart, you'll not see a rise each month of 1.3p in the SP. That's a fundamental understanding of the 'true value' of the company. I'm trying to evaluate what is happening to the SP in the current market and what is most likely to happen in the near future. The fundamental view is a longer term one and I'm positioned well for that (I'm bullish and have a very large position).

Yaaaayyy! We're above 41p. Took a while for the SP to move in response to the RNS, but it looks like the market say 'yes'

I guess what Pelle posted was an upgrade from Barc to 29p. I bought on firday as the SP broke up from a triangle pattern (2h chart). This morning it gapped up (possibly due to investors/traders who work full time, putting buy orders in place to complete on open. Predictably that gap has closed, that might be a back test of the break (around 19.3/19.35) in which case we might expect to see the price move up again from here. I have logical target on that of around 20.6/20.7. That would put the SP in the middle of a larger upside gap that would close at 21. 21 might also, in this case represent resistance (Jan 4th-Jan 12th; 2h chart). I might very well add for those targets, but might not hold beyond them.

Starting to look as though the 524 area I mentioned previously will be revisited, possibly today. The question for me is whether the price enters the large downside gap. Very difficult to time gap closures, but they normally do close at some point.

Looks as though it could pay for itself in 5-6 years if the business performs in line with 2022.

Well, some relief from the selling pressure today. If the price were to drop back from the current 537 to around 525. I'd be watching closely to enter long. Looks like buyers are defending the price just above the downside gap, but because of that gap. I'd have a tight stop.

Out for now for 9p profit. Not much more than a bag of chips to be honest.
Bb were you looking for the word 'hyperbole' for the journalists statement?

Well back in not much below that 117. Smaller position. Results end of this month so I'm hoping I'm safe (ish) to take advantage of what looks to be a break to the upside (2h chart, descending TL from Feb 2 until today, when it looks to be breaking up.)

It's facing some headwinds Bb, but the profit I see in my positions could be gone in a flash. It's making a decision on further gains or a further fall back at the point that I felt it might fall back (532/533). For me (as I'm currently short) I'd favour the fall back. I'd happily trade it long if my view the TA changed.

I would expect the SP to rise to around 532/533 and then there's a very good chance it will fall back and close the downside gap. If we see 532 I'll add short.

Fabulous break out and retest of the break before moving up nice and steady. Results on the 7th of this month. Maybe there's an expectation things will look good.

Results on 27th this month (March).

I got out with a small profit around 117 (from memory). Interesting that you say shorts have gone up. Trading update due Mar 30th.

Thanks, you too. My exposure is small for the moment.

Yes. I've started to buy a little. I have no buy signal, but once it hit 33.8 it became more interesting to me. I'll add if I think it's got a chance of turning up.

Worth watching more closely once the SP has dropped to or below 33.8ish (any time now). I'll be looking to re-enter after dropping my position for a profit of about 1.2p just above 35p.