Member Info for Stupmy

Buyers look to be starting the day off!! I'd rather that than sellers.

Your comments on charts are what bothers me AIM. On the daily chart things look pretty negative. I have 27 as possible support from Sept 7th (that was the previous short lived low) re-inforced by a rejected high (ie resistance turns to support) around Oct 25th) and then a period of resistance turned support in Feb 2020. As supports go, it doesn't look too bad and SP might very well reverse in the absence of further downside triggers. You just can't tell until it happens though. I'm still very tempted around 27, but will try to be more patient.

Not quite there at 27.15, but that was faster than I expected. As I'm around to watch it, I've removed my limit buys (which are speculative) and wait for some evidence that SP is turning around.

Is this continuing trickle down not more likely associated with the expected FED rate rise? Might reduce demand and POO

Potential support here at 28, price is 27.95. If we don't get buyers coming in at 28, 27 becomes quite likely. I don't seem enthusiasm from buyers at the moment. Unless you're expecting positive out of hours news that'll move the price quickly, might be best to watch it closely rather than buy blindly. Having said that I have set limit buys where I think it's appropriate (at and below 27). My FOMO buys around 29p are currrently now not in the money apparently,

Good point, that's got to be a risk. If management were to seek additional funding (from shareholders or debt) to speed up development/acquisition we'd risk looping us back into a familiar story. I'd hope that we've learned from that will avoid it.

I was carefull to extract those few words as it's exactly the way I'd felt on reading the RNS this morning. The rest of it seems speculative (nothing wrong with speculation of course).

"RNS paints a very cagey outlook for winter"

I read it very much the same way, I thought it was very carefully worded and seemed to avoid discussion of profit. Looks like those that liked it bought a fair bit this morning, but that seems to have been sold into for now. That kind of pattern 'early exuberant buying' (short closures inovlved?) is quite common, what's also quite common is that after the SP pulls back, it settles and goes on to meet or exceed the early highs. Time will tell.

He's putting his money, where we're putting ours. That's not a guarantee, but it's an encouraging sign.

I really like the fact AB backs this so heavily. I think it's a positive sign. I really think that this will re-rate upwards. Up until now the movements have been pretty sedentary, which gives you plenty of time to position yourself, but the 'confirmation bias' side of me thinks it could move up pretty fast. I trippled my 'short term' exposure today although to be clear I still don't have the formal signal to do so. Unlike everything else I traded today, I am keeping my positions open over the weekend and am planning to increase again should things look to ready for a move up. I'm down marginally on my overal entries for the moment and would not be surprised to see a SP of near 28 soon. But I've started to accumulate all the same.

Yes, US and UK rejecting the downside for the moment. Interesting to see so many buyers of UK stocks arriving this late on a friday when Monday is a bank holiday.

sun, a very lazy google pulled up this, but I really didn't look hard, could be more and I'm not claiming that these pieces are important. Just saying that it would appear that some of RR staff are involved in negotiations over pay that could lead to industrial action.

https://www.unitedleft.org.uk/three-weeks-of-strike-action-at-rolls-royce-lancashire-factory-to-stop-jobs-being-offshored/

https://www.google.com/search?client=firefox-b-d&q=Rolls+royce+strike+action

Doesn't likely to be a great run into close so I've closed out for just over a penny. See where we are next week. GLA and have a good weekend

Might see a pretty weak end to this week. Might still get 74p here. Then again, might not!

OtC, sounds to me like you have a similar mental attitude to my own. Best to be pragmatic, don't over-complicate and find a way to exploit the price variations that seems to work. In my experience something will work for a period then it'll seem to change and the trades will become less successful and I have to change with it, develop what I'm doing slightly to keep 'in-line' with what's happening. I try not to get too accademic about it. Many folk are quite academic with their fundamental research and appear to have an amazing knowledge, that comes with lots of hard work. Often these same people are frustrated that although they think they understand their investment, it doesn't do what they expect it to do. I was like that once, but spend much less time on the academic, disciplined research type activies nowadays and just try to be in and out before anyone knows I was there at all!

What looked like it would be a buy signal has changed. Always risky to jump the gun, but if you're trading something you believe in over the longer term, then the stress isn't particularly significant.

I've added again, I don't have a formal buy signal, but it looks as if we will get one. For those interested, that would be based on the 2h chart, all MA's confirm a bullish trend and the 1433 stochs look to be crossing each other (confirmation could be seen as a buy signal) and if the stochs cross up above 20 on the 2h chart. I'll consider that a formal buy signal and will continue to add.

The first of my limit buys has triggered at 75. I'm just watching what the price is doing and trying to exploit it. So purely TA/charts and not bothering too much about fundamentals (which are reflected in some way in the TA/Charts). I'm still hoping for the price to hit 74 or lower and I have other limit buys stacked around there. I'll watch closely though now and could very well manually add around this prices. Good luck to all, whatever your methods of entering etc

Goddamn, you did well with the tla's in that post badland. GoY (good on ya)

AIM, for me the 50k buy is not a buy signal. I just look at charts. Having said that, there is another expression that's worth bearing in mind and that is 'follow the money'. 50k is neither here nor there, but look at our CEO's holdings!