Member Info for TopCatz

Shorters ! No shorts open around here. I've been long twice today at 5590-5600 - Well done Kalan. Very strong support around 5600 and just under so worth closing.

Apologies all for the shorting posts - Will refrain from now on . Good luck all with JLP. Remember I held this for nearly 3 years and that we're all traders/gamblers. We just have different time frames !

Regards

Good luck Kalan

If that fails somewhere between 5900-6000 will see a strong short at double points from me. Still confused so still waiting !

Yeah I'm confounded so i'll be standing aside for a bit and trying to work out what the hell is going on. Bad news appears irrelevant at the moment. Everyone wants to buy and those left behind are worried that they are missing the boat. Some are throwing caution to the wind and lumping on. This is going to be a long winding road so no rush either way I imagine.

Have a good day. I'm off to doing something useful with myself !

Whoops :/

Closed my short yesterday afternoon at marginal profit when I saw the FTSE racing away. Should have closed off on Friday for considerably more.

The Trading decision was in the charts so my fault entirely. I highlighted a possible breakout up or down. I could see it clearly but assumed it would break down. Lesson learnt as I should have closed and waited for confirmation before re-positioning.

Closed my short yesterday afternoon at marginal profit when I saw the FTSE racing away. Should have closed off on Friday for considerably more.

The Trading decision was in the charts so my fault entirely. I highlighted a possible breakout up or down. I could see it clearly but assumed it would break down. Lesson learnt as I should have closed and waited for confirmation before re-positioning.

Closed my short yesterday afternoon at marginal profit when I saw the FTSE racing away. Should have closed off on Friday for considerably more.

The Trading decision was in the charts so my fault entirely. I highlighted a possible breakout up or down. I could see it clearly but assumed it would break down. Lesson learnt as I should have closed and waited for confirmation before re-positioning.

Maybe tomorrow as they say. Off out for a bike ride now (because I can) - Going to forget about he markets for a while as it's just fog to me at the minute

See you later

Probably a wise move Kalan. You can always enter when direction becomes clearer. Price action as expected. Direction not expected !

I'm sure the next ghastly news is just around the corner

Me neither Kalan.

Very weird - who knows what's going on and whether this has been traded up so some of the more canny can exit. Possibly another of those rallies we were talking about. FTSE wants to stay upside of the EMA9 @ 5500 for now but I think the afternoon trading will give us a better picture

Far from a done deal then Moneyhawk. The ruskies are ruthless and Trump's not one to back down either !

Hi Moneyhawk

I did hear what Trump said. More chance of the death figures reducing in Italy and Spain than America I would have thought. Trump continually shoots his mouth off without engaging his brain. Interesting about the OPEC/Russia deal. Russia will be playing hard ball as usual.

You are spot on with the volatility. I would not be surprised if this Yo Yo's all week.

Hope you are well

I agree with the vol

Didn't expect that. FTSE breakout to the upside led by futures and Wall street.

Fake or the real deal ?

Apologies - I have this the wrong way around - At a price > 0.6p there are warrants that can be exercised so additional funding almost by default if going to plan. Sounds okay to me

The estimate on that article at a conservative figure of $1500 per tonne (I think it's about $1800) currently is a yearly revenue of $18,000,000 with cost os $2,000,000 so $16,000,000 net. That's multiples of where we are now just to arrive at a PE ratio of 1 let alone for example 4 or 5.

What about funding. How much of that last raise is left. What are your folks honest opinions on whether they will need more money ? - I understand if the price hits 2p this will create additional funds through the exercising of warrants ?

Hi Kalan - Not heard of UK2s before so will have to take a look at that. I reckon you should be good there. American fund managers seem to still have their heads in the sand but Bloomberg are definitely chiming a different note !

My chart is highly likely to be a load of knackers but it's pointing to some decisive price action early next week. Been taking advantage of the resistance I'm seeing with some quick 5/2 day trades. £1 shorts with 20pt stops and 50pt limits. Got 3 out of 4 in which I'm well happy with. The loser was my first and probably final go on the S&P500. Any trade book will tell you the S&P500 is notorious for fake rises and very difficult to trade for non pros. That little 'text book' trade showed my I'm just fodder. That's fine. I know my place.

Anyhows the running short still going nicely and I think there will be a decent break either upwards or downwards within the next few days. More weakness should also coincide with the MACD signalling a sell which will add fuel. The percentage call has to be downwards but who knows in these crazy times. On the way down there may be a little support for the FTSE around 5290-5300 on the fibs but I doubt it will be too significant. After that 4950 and then 4300 (moving downwards daily). After that a look at some old historical data would probably be useful (or fib extensions). Assuming the downward slide continues we probably need to look out for rallies. Note the RSI is happy to wallow in oversold territory if the mood takes.

On a JLP note GLR is showing some interesting price action so there may be some JLP/GLR news on the horizon. Positive for JLP, more positive for GLR I would think so if the rise isn't fake (doesn't take a lot to move GLR) then one to watch.

Keep me posted. All teamwork, observations etc greatly appreciated

Have a good weekend all

Hi Tiverton. I think the annual allowance is 20 K so if you haven't maxed it out already this year you can buy whenever you want. If you have used your allowance for this year already then you can add another 20k on April 6th.

best

good luck with it - survive and prosper - we need you to pay taxes for the next x amount of years to pay for it all.

Ha, Thanks Kalan. That's about the long and short of it. Unfortunately small businesses that don't operate the PAYE system (much love by any government for obvious reasons) may not be quite as valuable and when you need to act fast you cover the majority - I get it so I have to roll with the punches ! Meanwhile I still have my short open on the FTSE, I'm learning a lot this week by monitoring it and I ve modified my chart a bit. My upper tramlines off this steep decline are being well and truly respected (5510 today) so if it continues I may be able to work with it. Incidentally the FTSE looks puffed up to fk and is skirting the top line. The bottom of the is roughly 4300 ! More chance of going down there than breaking out in my opinion so useful guidance for share trades too. Ig charges are small overnight but they took over £19 last night for the ex divi date effect (mm mark down). I'm pleased to say, and I can only assume it's because some of the 4 companies won't have paid divis that they reduced this charge to under £6 and reimbursed the difference this morning so they re not all that bad.

Good luck with everything

Something afoot because GLR is bucking the trend big time today. The obvious would be news in the offing

They use the LSE and make their money on the spread, same as MMs. I may have been mistaken the other day when I said their FTSE pricing was different from the LSE. I think the chart I was using with real time prices may have had a hitch.

I know what you mean about the spikes that you can't detect. Previously I've had the same conversation with someone and they assured me there was one trade (a sell with a tail like you see on a candlestick chart). I checked later and it was true.

Best Policy is to work out your stops either way and add a bit more. It's tricky but it all falls into 'getting your trade off the ground' hence probably best to expect more than I go. It's the worst thing in the world to get stopped out by a fraction to see the trade go on and make you a 'virtual' fortune. I'm sure it's happened to us all !