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"...but should see a good rally on Monday..."

- Should we? Why?

Well that VIX volatility index I've been casually monitoring, closed even worse on Friday. Markets were down all over the place. So I'm personally a little downbeat in my sentiment for a bearish market on Monday.
(GFM is still all go, bullish) but will a bearish market weigh heavily on it? It didn't on Friday.

Also I'm a little suspicious of the volatile good fortune I'm the recipient of, as only been in GFM barely a fortnight and the week closed with me being 28% up on my buying-in price (after intra-daying at well over 30%++

I'm aprehensive for a pull-back on Monday despite everything currently looking v bullish for GFM.

Rather than wring my hands about it all, will make a decision, one way or the other when reality shows on Monday. Don't want a near 30% gain to dissapate away from my grasp.

" If you can see the future in your mystical charts and wordplay then please let us know now what day, or..."
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Hee hee - Okay, here you are Faultsman, I'll play.

- Tidying up for the day, and just seen something potentially v nasty. I'll give you ample opportunity to throw black bananas at me tomorrow should what I 'think' I've just seen - not occur :)

I have a fear that tomorrow (Friday) is likely to be a very bad (bearish) day on the markets.

- There you are. Ammo to send me to hell for witchcraft if it doesn't transpire :)

- But they'll be blanks if my fear for Friday pans out :) :) :)

Hmm, the SP is trending bullishly quite nicely, but had a cold chill earlier this evening - The VIX shot up quite dramatically today.

You'll only ever hear mention of the VIX index on the news at times of market corrections etc.,
When it's low - investors/instituions are buying. When it's high they're selling up.

As the old sages in the US say, when the VIX is high it's time to buy, when it's low it's time to go slow. (Buffett's methodology - buy when everyone else is pannicking, not when they're chasing prices ever higher).

It's a US based index , but I've found UK markets mirror it in that they sneeze - we catch a cold etc.,
It's not in the out abnd out danger zone, just enough to send a chill through you - to watchers of the VIX.

So when I saw it leap higher all in one day, today, I checked the DOW - down quite noticeably today.
Likewise the S&P500 but even more so. Then checked the NASDAQ100 and that looked just awful.

Haven't checked up on stateside financial market news yet, but something's afoot over there today.

Jusy consign this post to late night blather, but I'm now thinking that if this uptrend is to hit a (temporary) buffer it may be thar the SP travels no further than the low 120's, with today's intraday 118p being the gateway into it.

Trends for GFM tonight are magnificently bullish, so might be nothing more than me overthinking things.

"... If you can see the future in your mystical charts and wordplay then please let us know now what day, or to be a bit fairer, week, no, hang on, lets make it easier, year, the share price is going to reach £5.00 please...."

- Suppose one makes a rod for one's back if trends are mentioned - but come on - Name one person in the whole world (outside of Nostradamus) who consistently fortells the future.

When an SP is trending generally upwards, I'm generally bullish, until it meets a greater force and changes trends.
Similar in a downtrend. I expect the SP to generally drop lower, until it meets a greater force and changes trends.

What's fancy-pants mystical, about that?

BT's SP is still overall trending to the upside, ergo I'm bullish on BT - however, admittedly that trend is narrowing of late.

Not everyone needs a chart or whatever to see that, but sometimes things are less clear in a meandering SP.

Wordplay? I was directly quoting Buffett, I think it's important on the type of outlook one develops in investing, as we're faced with nothing but constant risk. Sorry about that (wordplay as you call it) but I did open by genuinely saying I have some sympathy for your view and that of long sufferring holders who've seen nothing but decline since the start of 2016 - that is until near 5 months ago. . . .

All depends on the new CEO I guess, on whether that continues; no doubt there'll be an introductory kitchen-sinking by the new CEO and a hit on the SP (bargain time or painful time depending on one's outlook).

But you must at least be 'over the moon' at the main news in those plans that the pension deficit is planned to be dealt with? And decisively too, surely that's cause for a mild celebration as that's all you here from analysts - BT's pension deficit!

Well there's a plan afoot to consign that concern to history - but, yes, it will take 10 years to get there on that particular 'problem' - a problem which I think is the most important take-away of all, in the plans announced by GP.

Erratum (in 2nd para from bottom):

"And that is from 2010, a decade long plan kicks-in...."

Should have been:

- "And that is from 2020, a decade long plan kicks-in...."

Thanks for the Italy budget updates Pokerchips.

Been too tunnel-visioned of late to read up on the upcoming battle of Italy's proposed budget update v the EU Commision "headmaster's" office, so will be on the lookout for key news updates over the next fortnight.

Faultsman @ -

Your post can be condensed as follows.

"I hope the share price rises"

My condensed reply is,

"Like you, I also hope the share price rises"

Faultsman, I have a lot of sympathy for your view, after all the current SP area lies at the near bottom of an unrelenting 2.75 year crash from a highpoint in Jan 2016. So you're right to take umbrage at anything that looks less than concrete proof of a revival in BT's fortunes.

However, you may have misappropriated and inserted a word in condensing my viewpoint. I would never, ever, use the word "hope".
I see it's your preferred word of choice for your own outlook. Standard advice to any investor (from Warren Buffett himself) who feels so beleaguered at the under performance of one of his or her holdings and who is now reduced to "hoping" things will improve is to sell up ASAP as soon as you find yourself uttering that word. It has no place in the investing world. None!

It means your conviction case for an investment is out of reasoning. Hope is for praying to god in the face of overwhelming odds. So you're in denial if you use the word 'hope' as a definition of your analysis. You're saying you see nothing in the future - but hope against all odds that the SP will rise against all the data analysis you hold on BT's future. So why go against you're own analysis?

If you're out of any positives for BT then what's the point of holding on to your investment? Since when does any investing book rise to the top of the best sellers list on advising investors to just 'hope' the SP rises? Your own research should be better than mere 'hope'.

As I said, I certainly don't employ that word. May I therefore, tentatively, resubmit it with that in mind? Here goes:

............

Your post can be condensed as follows.

" I believe I see some burgeoning opportunities for a more positive future in this share price. "

My condensed reply is,

"Like you, I also hope the share price rises"

There - I'll agree to that. That okay with you?

===================

Thanks Ascoyne - that's saved me approx 6 or 7 more pages of rambling. Would just like to add the single greatest aspect of 'the plan' by Gavpants as detailed in the news headlines: "The Wrong Man with the Right Plan" is his absolutely brilliant proposal to remedy what was last year labelled as BT's largest pension deficit of any company, in any country in the world, by far - ever.

And that is from 2010, a decade long plan kicks-in to eradicate the deficit with £0.9Billion funding deposits - per year, and as said, year after year for 10 years until the pension is sorted once and for all.

What a pity he left unveiling that master stroke portion of the plan until the month before he was fired. The price headed for the 200p barrier straight after the results and his plan. The minute he was given his time-stamped P45 the media et all were calling him the Wrong man with the right plan. Oh the sheer irony of it all.

"...Earlier, shares across most of Europe has been boosted as local reports in Italy suggested the coalition government was going to blink first in its potential debt stand-off with Brussels..."

Pokerchips - Your recent posts on Italy have coincided with a doomsday email I received last month from those organisations proclaiming we're all gpoing to die in our beds unless we buy gold and head for the hills, barricade ourselves in a country bunker loaded up with canned foods and 12 bore shotguns.

Paid it no attention as been gettiing them for years now, each time doomsday keeps being put further back (That Rich Dad/ Poor Dad, author was proclaiming a crash last October 2017 to March 2018).

Now, the latest is October - and the catalyst they reckon will be - wait for it .......Italy! - And they say it will bring down the European banks by defaulting, a worldwide crash, war, and we all die in pour beds, you know the routine LOL

Think you posted that the decision is on the 15th October.

So 12 days left before financial Armeggedon. Don't have any physical gold. (0My brother-in-law does, and he lives in the country, and he has a collection of 12 bore shotguns (must have been holding out on me, as he told me that was an underground cesspit he was building).

Wonder if I get let off the hook if I have shares in a gold miner instread :) ?

You've mentioned Italy a couple of times now. So have you made a study of Italy's predicament?

Haven't paid Italy much attention.

Going back to this last post and even though yes, it was a damp squib, with the brakes cut, a false positive, in other words, I was to be dissapointed - here's the thing - in all that time, (Cue Ian Drury: Reasons To Be Happy) despite a bit of mild retracing and dithering, the short term and medium term trend lines are overal,l still positively bullish and remain in an uptrend. Can you feel it? It's holding it's own. Can't believe it! (Thought for sure the short term would have gven way, but it hasn't).

That's two in the bag - need 3 out of 3 to be a go-er, but even so, just fharting round about here is not damaging the positive uptrend since the 201/202 floor in mid May, therefore if the SP doesn't do any whoopsies for the next week+ then that would be 5 STRAIGHT MONTHS of an uptrend - try and find another period like that since the beginning of 2016! (You won't by the way :)

Will this be a good base area for it to catch investors out? Everyone will be looking the other way, with an apparant boring flat-ish SP and it will just hitch its skirts and do a runner upstairs on everybody.

But by krrrist, if a new CEO is still not "appointed" by the end of October, the SP will surely be in for a pasting.

After rising away from the the mid May floor, did you notice that 217p appears to have been a v good fight-back point a couple of times it retraced? So if no CEO by the end of this month and any less than 217p might that be more than a (temporary?) bad omen.

Whatever, credit where credit's due, you can't take it away from the SP - it's currently in its longest duration uptrend since the big SP crash commenced in Jan 2016.

mauler @ " ....this sp has been up and down more times than a brides nightie lately !!.... "

Hee hee! - Well that took me back to a thread on a forum some years back in which an innocent remark by a poster to find adjectives to describe a volatile share price, opened a floodgate of competing posts in a similar vein to yours.

Two I recall from back then upon reading your post were -

" this sp has been up and down more times than a turd in a sand pit. "

But my all-time favourite was -

"This sp has been up and down more times than the boobs on a page three tabloid model jumping about on a trampoline".

You ask: "...is it worth getting back in and trying to make up the loss's?"

- Be wary of revenge investment. Generally ends badly due to the incompatible frame of mind/patience that a previous loss brings about, in not just you - but all of us. The investment case must always be based on your research - not revenge, not in order to right a wrong.

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Having said that I originally logged in to post that my own personal trend lines have all now confirmed a bull run is under way. How far, how high, or a meander - or whether it's a false positive remains to be seen.

I really should add to my initial buy, but being already up approx 23% I'm tempted to let it run, and see if a temporary top forms - take the profit and see if I can rinse and repeat so to speak, but really the balance sheet/ cashflow/ T,P&Loss acc's are all top-notch IMO, so undecided about playing silly buggers, as original plan was for a longer hold.

So my thoughts are:

Thought 1)
If it's going to be volatile for some months (which I firmly believe will prove to be the case) why not earn a bob or two in the process?

Or:

Thought 2)
Quit trying to 'time the market' and sit through it all; after all I've just said the metrics for GFM are ace, suggesting that eventually it will overcome all setbacks as cream rises to the top anyway.

Yes, so set a computer limit-buy order for 585.& odd
- Saw 584p a few minutes ago and wondered where my confirming email was so checked my broker's acc and it had triggered and went through @ 584.99p

Well pleased.

Finally, SP is looking ready to have a pop at regaining that lost ground of 240p from the night before XD day.

Looking likely as if it's gearing up do so, and coming to collect!

Will it be a damp squib or a serious attempt?
Whichever, it's looking for a fight.

Ding! Ding! Seconds out...

Well here it is - a close right on mid 80's. Every indication is for this retrace to continue in its bearishness. But to me, buying in at 88p as I did and tonight's close of 85.5p is the same thing; a closing of a gap-up between those points approx, from awhile back.
And even though things look like continuing with downwards pressure, and in the face of that - I'm most expectant of a bounce or even rangebound hereabouts (whether temporary or otherwise) but as being in the wrong is the default position of PI's I stand ready to make my next buy at 80p should I be mistaken - but you know what? I don't think I'll be presented with that 80p scenario on this occasion. I will repeat that I think 88-85 is an immensely strong area and would take some effort to break through. Would need a couple of re-visits here to do so IMO; so I'll be a monkey's uncle if it slices through 85p with ease to close below it. It might another time but I hold the opinion it will fight back from here.

- To be filed under 'famous last words' :)

Pfg, who? - Gfm!
(Was looking at Provident beforehand :)

... to a safe harbour before that Great White shark finishes chomping his way through the oars?

If not, ready to buy at low 80p's and will not be tempted even if it descends no lower than mid 80's and the SP instead floors there.

Managed to get a top-up @ 34.78

A strong area around 3480's so only a small top-up in case it does drop to a lower support in future.

".......Surprised share price has not reacted?"

Well in a way it has - to the opening line of the RNS update - Revenue is almost 8% down for the first half, H1.

A mild reaction to that decline; less well thought of shares would have reacted more negatively.

Thanks for that link Goldy. V Informative.

SKY News - again! They've shown a clear pair of heels to other media on BT's search for a replacement CEO. Do they have a good business news section or something?

.......The fundamental metrics were good, but are now extra shiny. That's a fact easily proved.
On paper, BT is now an undervalued "best value" share. (Yes, there's always reasons why something is super cheap value, but that's investing, a balancing of the risks).