Member Info for Stupmy

No negative read across so I've bought a few. I'm short term though so it's not a long term investment.

I'm out this morning at a small but reasonable overall profit. What I read in the guardian article didn't give me any confidence at all in this company so I feel lucky to have got out at profit. I was hasty to get involved in this without more background reading. This time round, I'm out with my trousers!

I've taken a closer look at the chart following justnotworthit's comment (below). For the record, there looks to be strong support in the area around 110-112 (from around Mar 2020 to sept 2020). We're approaching the first test of that support since Nov 2020. In Nove 2020 the SP broke above that level which had previously been 'resistance'. Assuming a negative read across from the ASOS results or just continued drift independent of them, the SP seems likely to test the 110-112 area in the near future (today?). MKS last financial statement looked reasonable (barring the lease liabilities which are high). If 110-112 does not hold as support then the previous low read from the weekly chart I'm looking at is around 87 in Oct 2020 (I guess that's just....'s figure) then the low previous to that is around 73/74 in Mar 2020, again I'm guessing these are justwotnot's figures. It'll certainly be interesting to see how price behaves around these levels (110-112 is the first one to watch for me).

"Fender5….look at the charts there is no support for the share price this is heading way below pre pandemic levels unless the BOD is sacked and Archie is removed!!!!!! 97p Monday morning all the best"

I know it's not directly comparable, but their comment about a slow start to the autumn/winter season and also the impact of 'accelerated inflationary pressures' might very well bring us down a little again today. I'm not as negative as some on here, but Fender could you give some specifics on where you're getting your price targets from? Also Justnotworthit with specific targets of 97, 87-75 then 70 by teatime on friday? You've given us hard numbers and even timeframes, please give us some hard reasoning rather than 'vague inflationary pressure type' comments

makesomemoney, I suspect that there will be an equilibrium reached where the high street retail sector stops declining. The abusive way that some shoppers treat online retail has led to hints that returns will be more costly in the future. I we get a reduction in high street business rates that would help a lot. Is MKS biggest difficulty here its' lease liabilities? Is that what is driving it's SP decline in this inflationary period? I was looking over it's recent financial report and barring that, things look reasonably good.

I'm trying again from 348! Fingers crossed it'll work better this time.

Presumably sheltie that's why the SP dropped again. It looked to have stabilised earlier when I entered.

I'm out for loss. I'll wait to see whether I think it's worth trying again. What I would say is, that that Guardian article posted earlier doesn't make very re-assuring reading. Particular concerning the risk of overstating the value (present or future) of the company. There's rarely only one ****roach in the kitchen!

Cool, some common sense on from JPM (obviously a bit of confirmation bias creeping in for me there).

Thanks Watchman. Every board has it's experts. Every board in fact is the same (more or less). It's like each board needs to be made up of a specific composition of personalities to function the way it functions (at it's peak? doubtful).

On this I am. Current spread for me is 3.1. Fraction of a penny is great and no barrier to entry. The market is good enough to buy and sell easily (you can see that from volume and also the conversations on this board. I have now entered on a spread of 3. I got 356.6 (but the spread is sometimes going beyond 7.

Spread is settling at times to around 2.5 which is a lot easier than 7p to absorb. But even as I write this it went to 5p. I've had the first little alarm go off that means to me it might be worth watching closely from here. I have not entered, but if the spread is lower than 3 I might very well be tempted. But as CR said. I'm short term here and not hoping for 450

Yes CR, I have no particular view on the company. I just like to buy my apples low and sell them higher. If some of you are right about this hitting 450 soon then you'll presumably make yourselves a lot of money.

The market has to re-evaluate the value of the company which makes this a very difficult trade today and tomorrow. My experience (TA related) is that this will bottom this morning and it's possible but far from certain that will be around current levels, then will rise into the afternoon and fall back again tomorrow. And most people will be surprised by the fall back tomorrow, because, as for every other share, it's the best company on the market. The spread on this is pretty big, earlier I say around 7p, that's prohibitive for me, but it did drop back to 3-4p at one point. At around 3 or 4p I might get tempted this afternoon. But there are less risky ways to make money.

I have to say that I was surprised that profits were so low also C2645 on the basis of apparently good revenues. Seem to be moving in the right direction, but those profits seem meagre for the moment. SP has instantly closed the gap from Aug 16th (was that when the possible offer was discussed?) and is sat around support from April. From a technical perspective it looks to be a risky trade for today/tomorrow, but could pay this afternoon if the short term charts signal buyers coming in. It's caught my attention for the moment, but not sure I'll get involved.

At the moment day trading is working really well as the wider stock markets (UK/US) don't have a fixed direction. Certainly finished with the bullish side and considering whether they want to confirm the bearish side (I favour a bearish outcome at the moment). It means that lots of apparently good value markets (you could kid yourself the downside on these is limited) are just bobbing up and down. So if you can roughly predict phasic cycle tops and bottom you can be in and out with a profit in a day (i.e. no accumulation of risk in a risky market). It takes quite a lot of discipline, but it really is working quite well at the moment.

Papegoja/Epiphany I agree with you both, things are getting better and the market is recognizing this. I've a decent holding in shares that I've not changed at all (as previously stated), but I also trade around the price movements. So what I'm buying now, I'll probably not hold long, but the reason I'm happy to keep buying at higher prices is that nothing has happened to reduce my confidence in the future for ENQ. Plus, it doesn't move too fast. My personal circumstances mean trading fast moving markets is much more difficult for me. For example just now, I had to close out TUI (opened an hour or two ago) due to 'circumstance'. The profit was good and looked likely to get better but I was suddenly unable to continue to focussing on it and just had to cut it. As luck would have it, it's not moved up since, but it could have done. Fingers crossed it'll drop back tomorrow. For ENQ, I'm happy holding it much longer and am not worried about 30 mins here or an hour there.

appears to be failing. Will be interesting to see how low this goes. Recent price activity on Enq has seemed to be coupled tightly to POO. Might see 27 fairly soon!!

He's also suggested that he has not yet started military activity in Ukraine. Hard to know how to interpret what he says.

If she changed the rules to permit us to use our tax credits before incurring the WFT, that would considerably help us.