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@JG68 - it's still being heavily traded and, if you can't beat them then best join them ....

I sold 221k shares at 21.15p very late Friday afternoon and I've bought the majority of them back this morning at 20.40p.

Not usually my style but, as you say, it looked like breaking out Friday only to fallback again today. I guess the clue on Friday was failure to close over 21p .... And that's led to the terrace today.

I don't think it will be long until we break 21p again and it wouldn't surprise me to see a rally to resistance at 22p next time ...

Some news is desperately needed to really start things moving upwards ...

This share has been a dead duck for years .....I first invented in 2021 after the drop from £6 to £2 .... then kept averaging down as the SP kept falling.

In the end I took a serious haircut to escape and since then ... It's down another 50% ....

Anyone buying here hoping for a quick buck should tread with extreme caution as that is PRECISELY how all the long term holders got trapped here in the first place.

Ironically - I bought a few again at 53p a few weeks ago thinking it was a good entry ... and I'm another 10% down now ....

Will I ever learn!🤔

Lord Allen has been a massive disappointment here and he should hang his head in shame.

He was brought in to bring so professionalism and corporate governance into this business (and we all hoped be would rein in Matt Moulding).

However - it appears Moulding can't be reined in and Lord Allen has simply taken the fees ...

Underwhelming doesn't begin to describe Lord Allen ... and even if he was dead ... I doubt anyone would notice!

I think this board is full of people who bought THG for £x in the hope of making 50% or 100% in rapid quick time (me included) only to watch the SP continue to crater.

A heavily traded, high risk, share with a boss who is unloved by the city is not a good start point.

Plenty - if not all - of the private investors on here have averages above what you paid last week .... so you would think your entry point is a good place to start BUT ...

We all thought we were buying at a good price only to be bitterly disappointed as the price kept falling .... and many here would give their left arm to get out at breakeven .... some have even taken a substantial haircut just to salvage something

At the end of the day - 48p is a good punt but there is nothing to say this won't drop to 24p or even rise to 96p as the history to this share is both highly volatile and hugely disappointing.

Nice to hold and close above 20p - hopefully a new trading range established now ....

And with the DOW on the up - and assuming good US inflation figures tomorrow - we can hopefully push on from here towards 22p.

@Aimmaster - I've heeded your advice and ceased trading this for the time being ....

Over on ADVFN they are suggesting an inverse head and shoulders with a 28.5p target and I know the Swazzer chart was shown by something similar ....

I would hate to miss the stellar rise that these charts are predicting just to bank a "couple of quid".

It really feels like this share has turned a corner and we just need a couple of AI related contract wins to really get things motoring .....followed by results that confirm what we already suspect (that FCF is now firmly on the horizon).

@JG68 - usually when the SP sticks... It's the sign of someone accumulating in the background.

Will be quite happy to stick at 20.5p today and close at this level too ... Should be the gateway to more rises later in the week

I'm sitting tight for the time being as I think we've got further to rise and with an RNS we could rocket,!

Yes I'd be interested at anything over 60p tbh .....although, of course, 75p or even a £1 would be even better!

Thing is though ... For the patient .... I think this share under Adolfo could exceed all those numbers .....

Remember, pre COVID, these were trading at £1.70 plus .... And you could argue the company was in worse shape then than it is now!

I don't think this will get taken over though but I'd be happy to be proven wrong ... As long as the price is right!

@gotnorolex - I think there is every chance of clearing 20p this week which is why I resisted the temptation to try and trade this again (sell at 20p and buy at 19.5p.or less) yesterday.

We've seen multiple attempts to break 20p and - if today had been an 'up day's for the FTSE I think we would have already broken away by now

Patience is key here and, having personally waited for nearly 3 years, I don't think we've got long left to wait.

I agree £11m is small beer - but it certainly kicked the share price into waking up ....

Imagine what's going to happen here when they start announcing AI contracts won in partnership with the hyper scalers!

I'm hoping that 20p will hold this time around ... And we can slowly rise towards 22p for the next stop ....

@Capitalizer - looks like you were right to hang on and that 18.7p isn't so far away now ...

Two days where the UT has been pulled down to something lower than the trading range immediately prior to the close would suggest.

Anyhow ... Good call by you and hope it works out

I've just bought back the shares I sold on Friday afternoon for a few hundred pounds profit ....

I think AimMaster analysis was right (from over the weekend) as it's probably not the best time to trade this given we've already had multiple attempts to break and hold over 20p.

I had, perhaps, a lucky outcome .... which makes a change as I'm usually really unlucky with share trading 😄

@Shorty39 - I sold a few on Friday as a hedge really - it would be fabulous to see 21p or more this week but at the same time I wanted to hedge my position in case we revisited 19.25p again ....

I think if we had closed above 20p in Friday (like we should have done and I feel robbed because we didn't) then I think the AimMaster analysis would be likely ..

The fact they dragged it back to 19.94p may suggest that the MM aren't done with the games yet ...

If we never see 20p again and shoot upwards then no one is going to be happier than me because although I sold 105,000 shares in the end (on Friday) .... I'm still holding 1.375 million ....

So .... By hedging and taking a little profit (from those shares I bought at 13p) .... I'm good whatever happens

I've just seen that UT trade was at 19.94p so it maybe that they haven't finished playing games with the SP yet?

It was always going to have a strong finish once the MM spotted I had sold a few ....

Either way - glad we closed above 20p and that must bod well for next week!

@Capitalizer - I've sold £14,000 worth for the same reason which means it's probably going to gallop forward now (rather than fall back) as I'm never lucky trading shares ....

Having said that - £14,000 would be a small price to pay to get it to gallop forward (given the huge number of shares I hold here) 😄

Well they closed the gap at 19.44p .....so will they let this rally again into the last 30 minutes ....

I know traders don't like leaving gaps so I'm hopeful that's the reason we got dropped back to 19.44p bwtfdik

@NoFear - Serco showing flat on my screen

@Woolitch - I agree - surely we will run out of 20p sellers soon and then this should glide to between 21p and 22p quite quickly and hopefully that will establish a new trading range.

If we got an RNS for a contract win then I would expect this to move upwards very quickly ..

Swazzer has indeed been very correct in his predictions so far ....whether 27.10p is achievable in such a short space of time will surely rely on good news re: contract wins etc ...

However - if the top of the channel is 27.1p you won't here me complain if we only achieve 23p in a few weeks.

Definitely a time to be holding (or even topping up) CPI rather than trying to second guess the games being played by the market (how could we drop 4.4% yesterday) to steal a penny here or a penny there ....

As many of you know - I have become obese with CPI shares and I'm not worried about a 1p here or there as I've got my eye on the much bigger prize (of the share price at least doubling by middle of next year).

Good luck to all you traders though (morning NoFear) 😜