Member Info for Velo

208? Not bad, not bad at all after that bad press day yesterday; could've been worse. That's because buyers took firm command from approx 9:30am and never let up, and that came after an unrelenting bear drop for the first 90 minutes. It also helped that it was reported that the chairman's missus opened her purse and slapped a fifth of a £million down on the table at these lowly prices. What does she know? (Mind you if she'd delayed until this morning she'd have got even more bangs for her bucks, as she paid on the 11th). The more I think about it, the more I like the suggestion put forward on this board of the now recently stepped-down ex boss of Vodafone, Don Corleone for CEO of BT. He's free, so go make him an offer that he can't refuse. As suggested by someone yesterday - a brilliant fit. Go get him! Yesterday's closing backhander now making any borrowing by BT now more expensive, wasn't enough to put the recent platform floor on the back foot. Still a few positive (but not many) little indications here and there that this might be the hard floor for May/June - so modest expectations of a gentle lift out of 200 single digits, nothing fancy. Get Don Corleone on board and yes it will lift clear, no question. The Don for BT!!!

Blaady L !! 3:45pm! - Spot on! Geez, just shows you how the right (or in this case, the wrong) news can affect prices instantly - right smack on the cusp of the SP entering into the double digits of the 200's. (I did wonder what on earth caused that attack right on 210p). What a shame - BT just can't catch a break! Thanks for confirming link, Ascoyne.

Thanks Ascoyne, for that - "June 12 (Reuters) - S&P Global Ratings on Tuesday cut its credit rating on BT Group, " Cab't find it, so if you can dig it out again - Is there a time logged against that release today? Would be interested in the specific time it was released. The SP was bullish all day (well, from 10am onwards) and hit 210p @ approx 3:45pm-ish - then was hit by a slew of of non-stop bearish sells from that moment on, right through to close even taking down 209 to close on 208.4p. Bugger! I'd like to think it was a knee-jerk reaction to that Reuters news item, so to rule it out, or not - what time was it released?

To be clear: "I did well last year (16% up overall). This year I've barely improved on that at all,.." Not barely up on yet another 16% again for this year (I wish) - but barely up at all - ie., 0. % odd fraction, for this year to date, so in ���'s much the same in total as end of last year, little overall movement in either direction; standing still.. A big come-down from that 16% gain of last year. But ha, that's how it goes.

Hee hee -well thanks for the 'wow' T/Tim. Although in my mind I'm not back, just a couple of posts at such a momentous occasion in BT's history. I don't personally invest well in my own portfolios when I post too much; so will be looking to trim back posts, severely. Additionally I'm waiting to see how the new CEO performs first. So that's a helluva a long way off, therefore any investment by me before that date is merely speculative. Yes, I remember you asking my opinion, and I remember commencing with 'it's a bit messy looking' and should have refrained from sticking to my original targets of previous posts and admit it wasn't going to plan. I became less confident and shortly after, I sold with my original investment just about barely back, intact. You mention a couple of analysts and sites - bare in mind they are all just other peoples opinions, no matter the amount of letters some of them have after their names - as are all of those of us who post on here - mere opinions. Nobody knows. There's no secret ways that only the analysts know of. If there was - then ask all of them to show you their personal portfolios. I did well last year (16% up overall). This year I've barely improved on that at all, despite one of my shares being 140%+ up (that's been held for 4 years though) and showing a massive �22k profit on that one single share, yet - get this - my whole total portfolios have squandered and eaten in to that biggie, and others, from the shares that are down; hence barely improved upon last year, despite several "winners". So all is just opinions, opinions, opinions - which is what forums were designed for, opinions. Those of us saying the trend in BT is in a long term down trend is an easy call to make as that's been a fact in hindsight since January 2016, and is a statement of the clearly obvious, is it not? So easy for some analysts to say if this continues then the lows of 2009 could be revisited etc., etc.,. Only thing is everything changed on Friday. Everything. For good or bad is up for opinion :)

Hee hee! Wasn't being cryptically rude - used up the posting limit so last sentence didn't end in a swear word - it was supposed to finish - " Which will arrive first - the long term down trend or the new CEO? There can only be one outcome, one winner. Who or which will you be putting your money on?" Trends don't last forever; then again neither do CEO's for that matter".

Hi Aus - I have too. But I'm a bit more immediate-short-term bullish that I'm letting on in that post. Previously I could see a lot of support points around the v low 200's - none on 200 itself (dangerous) - (but a variety of support areas below 200) and when the SP started platforming day after day in the low 200's I thought the next moves will prob be bullish as the short term trend lines were narrowing day after day too - but bullish up to where? The highs are getting not so high as previous months rallies, and the lows dip lower after each rally, or as the saying goes on bearish trends "lower highs and lower lows". Roughly and more by naked eye than measurement I "estimated" that if it does set off on another little bull run then I see no further than the 230's - based on previous forays, as each rally appears to only reach half the height of the previous mini rally heights. However - all that was BEFORE Friday's announcement. So everything, absolutely everything, changes - I don't know how, no one knows in what way for certain. But it just can't carry on regardless - everything's changed at least temporarily. Incidentally BEFORE Friday's announcement, and although I refrained from posting it on here - I had projected the long term down trend not to break below 200 until July-ish to late summer - defo before autumn. So when it "looked" like the SP was heading for the 200 line, no one was more surprised than me, and I lost faith - just a little bit. Then unbelievably the lower 200's started to hold. And things are looking as if ready to turn a teeny bit bullish tonight. So if the SP does turn north, even if only a small move then I'm hoping the new landscape means it gives off some signs it doesn't eventually follow on to the projected longer term down trend. The big funds and ii's favourite 200 day ma is falling all the time and is currenty at 249p tonight. So pre-Friday I was thinking any rise will peter out in the 230's therefore actually breaking and building on 249p - which is a huge, huge, ask - would this time be a genuine cause for celebration. Just wish they'd moved sooner on the CEO instead of wasting months wringing their hands over the decision on, to be or not to be, as there is my fear of the long term trend line projection coming slap bang down to land and break through 200 in the next 2 or 3 months at most (all, all, IMO only of course :) I feel for certain if a new CEO was appointed without too much delay it would be the best chance of breaking the back of the long term down trend. The big funds do absolutely take great notice of the 200 day ma - so there's that to race for, before the avalanche of the big down trend runs down all before it. And all I can "see" is a max of 230's - which is no way good enough before it's onto the next lower low (A lower low being lower than the recent 202's etc., gulp!) Which will arrive first - the long term down trend or the new C

Must be disappointing today, Monday, for long term holders to have seen so little positive SP reaction after news that the CEO was actively removed by the BOD (albeit with a l-o-n-g notice period) all for the good of the future of the company, and yet the big houses /ii's investors, after PUBLICLY calling for the CEO's head the week prior, are a little hesitant in stepping up to the plate in the first full trading day after the day the news was made public? Or are they? Today the SP closed higher than it opened. The last time a blue candlestick closing day like today was last seen was 9 days ago. Also medium and short term trends are closing in fast and have tonight just by the merest of a tiny, tiny, whisker, turned positive. Even the free candlestick sites are sounding off in a bullish tone tonight. The SP was driven back up from an intraday low of 203p and wrenched from the hands of the bears and they just couldn't get it back, closing the day higher at 207p - Peanuts/ stockmarlket noise? yes - But nonetheless the bulls drove it higher by close. Are there moves afoot by the early bird ii's to buy here in the low 200's in some force from tomorrow? My "bet" is it's looking very likely to be another bullish day tomorrow onwards - there "should" have been a more positive reaction to the decision to replace the CEO; and it's not that it didn't materialise today, but rather that it it's a slow burner. There's no guarantees that an SP moves up a bit, on news a CEO is removed to improve a company's prospects - but this is BT and I would read a lot into the SP doing hardly anything in reaction to such news. So, I think this might be a good week for the SP, temporarily at least, anyway. After that? A long wait and prevarication for months until a new boss sweeps in? Anybody's guess. The current CEO has been given his marching orders by the BOD for the future good of the company. A long term holder is therefore entitled to see some "money where their mouth is" by the ii's after being the instigators of that media call that led to GP's head to roll. And I do think they'll cough up this week. They said they wanted him gone. It's done. Now pay up.

" Hopefully we have found support here". - Nicely timed J/Doe. Yes, it certainly has - turned on a dime today. Was planning for a nice little buy, in the sub-100's. But not after today.

Hi Pacey - long term down trend still bad for BT (IMO) and will take ages to change course, like an ocean liner needing 1 or 2 nautical miles just to change direction, it needs oodles of bullish trending days even if they are only fractionally bullish. So, a casual observer might be dismissive of BT on just looking at that longer term history only, and nothing else at all. However, the mid to to short term trends from about mid-May are offering a nice possibility developing - and maybe just the next best thing in the absence of oodles of bullish days, is that of the SP flooring nicely and in my experience a long set of, day after day, flooring SP's in a similar area (low 200's in this case) on a level platform for an extended period, as is the case here, is a nice precursor to a potential positive reaction as the next most viable course, rather than a precursor to a continued retrace. So mid to short term I'm reasonably positive, even though longer term there's still that dark cloud to be dealt with. ------------------ No not in, I closed my position in BT when it was becoming clear it had turned tail and was falling back rapidly to the 230's - I sold out for an embarrassingly small profit :) And escaped with just days before - boom! and it collapsed down into the lower 220's in one go - a lucky escape. That was my third, separate foray with BT (see below; barely total of �1k profit all told - nowt really). - However, I'm hoping my next will be as I originally planned, as a long term near as possible buy-and-forget proposition - and that of course depends on the appointment of the 'right' new CEO. So patience required. This is the best possible news in BT's recent history. I think it's right to be in a bullish frame of mind after that game changing news today.

Right, 1,2,3, snap and I'm back. So... what a much improved close from a disastrous start to the day. Dodged a bullet there, methinks. Clearly (if it needs saying) a single figure % retrace in the SP, all in one day, is not indicative of a share that typically suffers from a profit warning. Although there is a wide variance in the research data, some, a very few (very few) for instance, even going up a smidgen on the first day of a genuine profit warning but subsequently going on to retrace like a typically profit-warning hit share, are usually hit much harder than a mere one day 9% drop. AMER's SP retrace is still outside what the research data suggest is the reaction to a typical profit warning. However it is in bearish mode at the moment so it may retrace further next week - a 9% retrace in one day is not to be glossed over - a warning shot has been fired once again across AMER's bows by the market, but I would not say that the danger of the SP reacting as if a profit warning has been issued is back on. So, at day's end, I personally don't think the market has treated the SP as if it's been issued with a profit warning. It looked like it might have been heading for that territory, but data is data, and a 9% retrace is outside a profit warning area that a more typical reaction in a share hit by such an occasion would result in. So whatever the market initially decided that RNS was, it wasn't as the day wore on as a profit warning and perhaps was no more than that "too much information' released by the company, posted earlier, leaving no room to smooth out the rough edges had it been reported say over a longer time frame. Currently the SP is bearish and may well retrace some more next week - if it does so, I very much doubt in similar territory to which a share issuing a bona fide profit warning might so react. But it is a hefty one day fall so shouldn't be dismissed too lightly, even if it is AIM.

"...Also I know we wouldn�t have a CEO if Patterson went now,but how will keeping him help the share price,better to make a complete break from him,can�t see it would make much difference." - Yes, I agree.

Change Is In The Air. Well, I'm pleased for all holders still under water with BT. It's now the best contrarian chance ever, in 2 & half years, for a revolution at the top and breathing some genuine future life back into the SP. And if you remain patient enough to wait just a few years more, I'm confident there will be a chance for some positive SP progress in that time but the real progress will come, obviously, after the new CEO arrives and successfully stamps their vision, plans. leadership and authority throughout BT and the resultant improvements. Best. Chance. Ever in 2.5 years! - Does it need to be said? - It's one helluva tough job leading iconic monster BT - It doesn't need just managing, it had to be rescued at the same time - so it's no shame to fail at attempting to lead it out of trouble - Criticising those opining �5 by such and such is now off the table - it will/may come - eventually (longer term that is) given a new, talented CEO first of all that is. It's all up for grabs. Market has reacted quietly and modestly to the news today. All the better for it. No false spikes please. Despite the blue up above, the price closed lower than it opened, so the market is staying grounded in reality to the work ahead needed. Volume was above the longer term average - but negative for the day itself, but not when comparing against last night's close. Swings and roundabouts. However, releasing such sensitive info on a Friday is good. Plenty of time for the market to take in the possibilities or not, from next week.

Vittorio Collao? Oh the VOD guy? .... Oh I see, now. I thought why is he recommending the the lead from The Godfather, he'll be too old by now.

I think it's a disastrous decision to keep the old CEO on for the better party of the second half of the year. Better to have let him ago as soon-as - and put a compromise Exec in temporary charge until the new CEO was available to start. The old CEO will be a malcontent malevolent presence. Better to have put the old horse out of it's misery straight off the bat.

Try this link first: https://www.ft.com/content/dbf4c0d8-6ae1-11e8-b6eb-4acfcfb08c11 Gavin Patterson, the architect of BT�s push into mobile and sports broadcasting, has been SACKED as chief executive after shareholders lost faith in his ability to lead a restructuring of the company. Jan du Plessis, chairman, had stuck by Mr Patterson and backed him a month ago when BT said it would cut 13,000 jobs and deliver huge cost savings as part of the biggest overhaul of the business in a decade. However, the shares continued to drift and support for the chief among large investors faded, forcing the chairman to act. Mr du Plessis said it was a case of �time�s up� for Mr Patterson despite endorsing him to lead the business only weeks earlier. �As a chairman this is a black-and-white situation. You either fully support your CEO or you don�t. There is no middle ground,� he said. The chairman called Mr Patterson to a meeting on Wednesday and told him his five-year tenure was to end but asked the 50-year-old to stay on until his successor had been appointed. BT has asked headhunters to conduct an external search for a new chief, although internal candidates will be considered. Mr du Plessis said that a candidate from the technology or telecoms sector would be needed as it would be a �tall order� for someone from other spheres because of the industry�s complexity. �This is a big deal,� he said. �This is a big moment for us.� BT shares jumped 2.5 per cent immediately after the news of Mr Patterson�s departure on Friday morning but they are still languishing around a six-year low. MAJOR INVESTORS SAID THIS WEEK THEY WERE UNSURE WHETHER Mr Patterson WAS THE RIGHT PERSON TO LEAD BT�s OVERHAUL. ALTHOUGH NO LARGE INVESTORS HAD YET LOBBIED FOR for Mr Patterson TO GO, his role in leading the new strategy had become a focal point in discussions. ANALYSTS SAID THE CHAIRMAN'S DECISION APPEARED TO BE MOTIVATED BY LACK OF SUPPORT FROM INVESTORS, although some questioned whether the company had acted quickly enough. �The fact that Gavin Patterson was under immense pressure from shareholders is no secret,� said Dhananjay Mirchandani of Bernstein. �THE TIMING OF THIS ANNOUNCEMENMT, HOWEVER, IS HIGHLY PUZZLING AND WORRYING. It does beg the question as to why the transition was announced after the company launched a fundamental transformation programme flanked by a reorganisation of the management structure with new appointees.� Mr Patterson was sanguine about his impending departure. �I�m a grown up and I�ve seen this movie before,� he said, adding that he remained proud of his tenure. �The strategy is right. The market just hasn�t seen that yet.� BT said it expected to have a chief executive �in place� during the second half of this year.

Well I must say, the SP gave nothing away this morning with it's tiny move as I did look in breifly. Only just found out a bit ago. momentous occasion. I no longer have any skin in the BT game, despite it treating me not too badly (1st investment got out with �25 loss. 2nd with a �1k profit & 3rd with a just a tiny profit) so wasn't going to post again. But saw a horrendous piece in the FT about Patterson either at the beginning of this week or the tail end of last week - (I check the SP of BT almost daily on a watchlist so checked here and no one seemed to reference the FT piece on GP so was going to post it but decided against). It was a piece ORCHESTRATED by the FT who admitted to contacting all the major investors of BT and all of them really laid into GP calling for his head - it was ruthless; worse than ever - did anyone see it? There have always been mutterings by one or two only big investors in BT - but this was all of them. I wondered how GP could continue without shareholder support. Been back and you have to subscribe to the FT before they let you see it, so only the title remains. (Will post today's FT piece on GP departing, after this) but the link in it may not function after 24 hours - but it does mention their involvement in soliciting shareholders views. I thought it was THAT, that caused his departure - but no it wasn't a resignation - the FT don't beat about the bush they describe how he was sacked. Usually the SP goes up substantially on such news - if the offending CEO departs pronto and a holding, temporary CEO is put in place until a recruitment drive delivers the boards preferred choice, upon which the SP jumps again (usually). There then follows a "kitchen sinking" by the new CEO in which thousands are made redundant (too late now for that one) the disposal of this asset, that asset, and other stuff; and surprisingly the SP USUALLY jumps again. So I will now be on the look-out for investing properly for the longer term when I hear who the new CEO is to be and what his or her plans are for the future. Exciting times ahead for long suffering holders, that's for sure. Foregone conclusion that the divi will also be cut somewhat in the 'kitchen sinking' when the new CEO arrives.

I must admit - that in the profit warning shares I've been involved with - they're usually far worse even at this early time of the day than the reaerch data suggests. At this early juncture in the day, it does appear the SP is just outside being treated as a profit warning hit share. It's bad at the moment yes, but not quite yet profit-warning bad. So, that's a plus at the moment. However it's not even 10am yet, so all to play for, as the saying goes.

The RNS has been received by the market as a profit warning (with caveats) and the market is currently in the process of deciding wether to treat the SP as such. If that's the case - then it's Profit-Warning-rules apply. Typically on the day of a profit warning, research has shown to expect a drop of 16% to 20%+ for the first day alone! Currently it's showing 13% drop as I post (live prices) - so that's just beneath the data of a typical share hit with a profit warning - but it's the day's close that's more important. Closing greater than 16%+ and I would take some persuading against last night's 18p that it won't be seen again for the rest of the year as a minimum, (typically at least a year). So it's important IMO that the day closes no worse than the % retrace it's at now - but a true profit warning hit share almost always closes worse/lower than the 9:am/10am % retrace drop that the SP is at now. So, the question you gotta ask yourself is (too many Clint Estwood films :) Is the RNS a bona fida profit warning or not?

It's late; and spewing this out in one go so hope it's comphrensible. Yes, this site recently introduced borrowing Tradingviews charts, under license I assume, when you click the third 'Technical' button above in charts mode. This 72p area has turned out to be a surprisingly hard floor. The past 6 trading days have halted or opened on 72p dead! - The 29th and 30th May (Tuesday and Wednesday of last week) both intraday-ed down to 72p and no further. - Thursday the 31st May it opened and closed the day back at 72p forming a Tombstone Doji - usually a bearish reversal candlestick if occuring at the top of a bull trend - but it occured at support at the bottom of a downtrend - so ugh - however, its still a Doji candlestick so it still signals maybe a reversal up ahead, hopefully bullish. - The next day Friday June 1st, it closed bang on 72p after previously opening higher on the morning of that day. - Monday June 4th of this week it opened at 72p but closed higher with a bullish candlestick. - And today Tuesday 5th June, after opening at 72p - it took off on extraordinary volume about four times the volume of what the average long term volume is, so ii's buying in today, maybe? And it closed well clear of 72p for the first time in a full trading week. So yes, I'd say on this occasion 72p may well be the floor. However, that's just opinion, I'd rather wait for my trailing trend lines to catch up, by which time it may be obvious even to the casual onlooker that the retrace may be over and I would then belatedly post there was an uptrend in evidence. Would not be surprised if it did fail and recommenced the retrace; but without tempting the gods I'm of the opinion, subject to confirmation of short term trendlines, that this retrace may be prepping itself to do an about face. However, just a thought I have at the back of my mind. Take a look at the full 6 month chart of DOTD to bring in to view the price action from Jan2nd this year - to date - and see if you can see what I may - or may not be imagining - but I think there's huge, big trouble ahead at circa 90p (Patterns ie., Lower highs/lower lows since the very first day of this year to date) but save that for another day as it may be part and parcel of that doubt over the recent legislation which most now agree in hindsight may be regarded as being beneficial for DOTD - but if that assertion doesn't hold then I will defo have the collywobbles when this climbs back to circa 90p area. What is almost at hand is one of the very best examples of an old Gap-Up providing battle-hardened support for the SP on the way down. It's rare the gap gets closed on the penny, so precisely, but this may be one such occasion. Right; garble over :)