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Hi Rolandrat,
Thanks for your response to my questions
I choose my words carefully as a reply

They are as follows ….

Thank you

Rolandrat
I have a few question on you latest post please

1. What numbers are you ' look at ' regarding sales ?
2. You believe the true price should be 7.4p, that is a very specific price, how did you arrive at this figure ?
3. You reference MM a few times in your post, i take this is short for Market Makers, i do not understand the following ...

"the mm,s are sitting on the sidelines for more pickings " and
" That was a top class bit of profit manipulation by the mm,s "

There are 7 individual companies that provide the liquidity for this stock, are you suggesting they are working in collaboration to manipulate the pice of this share ?

Thanks

Hi CM
After my 2 previous short trades stopped me out at zero i was determined this time to take profits, however small

Sold my short at 442.4841 late Friday, this gave me £317 profit for a few hours trade, i can live with that, nearly enough to fill the car up with petrol. lol

Have a read up on the details of SUK2, and any leveraged EFT / ETC, they aim to return double the inverse of the index but because of the 'roll' charges etc they do not. This gets worse the longer you hold them, so just keep to quick in and outs if possible.

May get my chance to short Boohoo after-all, institutional shorts now increased to 6.34%

Have a good weekend

W.

some massive trades here today
single trade for £500 k ,

was that you CM ?

If you had asked 100 traders on 20/3/20 when spot crude oil was MINUS $37 per barrel

'What price will BP be trading at in 2 years time when oil is $ 137 per barrel ? "

How many would have said 360p ish per share

!! Absolute crazy !!

Stopped out on my US shorts , again
Back in here at 436.6259

see if i can keep hold of this one.
lol

Nice one lol

Had my finger over the sell button of my US shorts but chickened out

S&P 500 ( 3ULS ) at 33.60...............now 34.80
Nasdaq ( LQQS) at 31.52................now 33.11

may regret that tomorrow with oil starting to fall & kick starting the market

W.

If you would like to enroll on my 3 day intensive technical analysis course please send me £ 1000 by return of post.

Only joking,

i do this for fun, lol

Hi CM
There many 'sayings' in the TA world, 'gaps get filled' is one

' see a double top sell a double top' is another

If you look on a daily chart of Boohoo when the share price took off this morning it left a 'gap' on the chart
the folk law of TA is when the price retraces it will fill the 'Gap'

So if the price retraces down past 84.67 it will carry on downwards to 77.80 to 'fill the gap'

All this is nonsense but it is a self-fulfilling prophecy, traders know other traders know this so they make it happen

Another tool in the tool box

W.

That was aimed at

" afraid I won't be shelling out £99 to leave review "

Not someone who has purchased thought CG and used the product & then posted a review on Amazon

Rightly so Amazon ,
What sort of person leaves a fake review of a product they have not purchased and used to promote their company shares

Nice run on Boohoo today after the update, up by 20% ish

This has opened a nice big gap on the chart 77.80 - 84.67
Gaps generally get filled, looking to open a short on this one to take advantage

In a sadistic sort of way if boohoo get hammered tomorrow I will buy back in, the remaining shorts will have to close at some point, after all it is still a profitable company with little debt.

Oil has come off big style as I type, a good reason for the market to rally.

I don’t buy it personally

W.

What I tend to do with these sort of trades is if the price moves in your favor move your stop to your entry price, so if the market turns against you the worst you can do is be stopped out at break even, that’s what happened to me yesterday with SUK2.

You can always get back in at some point in the future.

I don’t have an exit price of the shorts I put on the US markets, I do watch the levels of the market they track, ie. S&P & nas.

If that makes sense

W.

Hi Bob
Nice to see you back mate, thought you’d gone for good

Stick it to ‘um

Cheers, a bit lucky on boohoo, bank the profit, forget about it & off to the next trade

Speaking of which, any quick profits on suk2 or similar, get them banked ASAP

I am the same, I don’t buy into this market rally at the moment, if the war is over tomorrow the market can go back to worrying about higher interest rates & stagflation as before

Shorted the US market again today

S&P 500 ( 3ULS ) at 33.60
Nasdaq ( LQQS) at 31.52

See how those play out

W.

Just closed out my Boohoo trade at 75p
12 % profit on at 24hr fun position, lovely jubbly

Cracking company, and i didn't look on the Boohoo board once for their expert guidance
lol

W.

Took a fun position in the stock the market loves to hate today at 67p , Boohoo, as per my rant of a few days ago

Found out some of the short positions have been closed, 2 days before the trading update, why ?
Fingers crossed on that one

Hi CM

I got stopped out on my SUK2 this morning, i moved my stop to my entry price because of the volatility, but i did made a grant total of £ 1.42 profit. Yee Haa

Reconsidering the short oil trade at the moment, sleepy Joe Biden is set to announce the US will stop buying energy products from Russia, oil has already spiked to $ 131 as i type.

I have a funny feeling our very own sleepy Boris Johnson will follow suit & stop the UK buying russian energy products, that will give us £ 2.50 per litre at the pumps, and £ 1.75 per litre for heating oil, ouch

interesting times

What gives ?

In auction, HHHMMMM