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Rich, would just make the observation that L2 data is not really that reliable to make predictions even only a few hours or less ahead.

finished right on the new support. Right now that's a psychological advantage to the bears. The bulls are under pressure to hold the line straight away from the off.
The open tomorrow will be very interesting. Will the bears press the advantage and sell off immediately to flush out the remaining bulls? Will the bulls buy in force to put in some distance from 319p to test the bears resolve?
Logically I would expect the bears to press on as hard as they can first thing while they have the advantage, but the bulls, know that too so may decide to get in first! who knows!
Can't wait!

Hope that made sense Pat? So when I say ammunition I am referring to how mant sells go through. Its like somebody saying they will top up ate 310p. if it fell to the point then that buyer would come in, then another seller sells at 309p, another buyer responds and buys at 310p and so it goes on until the buyers or the sellers run out of stock to trade. They exhaust themselves and its the last one standing thsa wins the battle of the day. Sometimes, often, its just a skirmish but today was full on. I don't know if this is the bottom now and today was the shorters big push, only time will tell. There was a half hearted, maybe cat & mouse push down to 318p later this afternoon but it petered out very quickly which suggests there are a lot of bulls out there and that will intimidate the bears unless they have plenty of reserves to call on.
We will see tomorrow maybe. For now and today the bulls took a bloody nose but regrouped successfully around 319p
(Well, I think its exciting!)

really PP? It can be pretty exciting if you have tens of £thousands riding on the result.
But yes, I understand where you are coming from. But this is my hobby, so That why I get enthralled at the human drama played out on a share price screen. Some people get very excited about a round of golf, which is the pointless exercise of putting a little white ball in a hole several yards away with a, normally expensive, odd looking bat..... Each to his own.

it was quite a battle when the SP started to fall around lunchtime. The bears were driving it down agressively and the bulls were responding by buying back as it fell. 325p was a strong support but when it went it was clear that the bulls would not continue the fight there but as it turned out, regroup around 319p.
Once it fell below 320p battle really commenced with the SP fluctuating very quickly between 315p and 320p many times. It took a lot of sellers and a lot of buyers to move the SP around like that.
The next time it moves, say downwards, then how many buyers are left after the previous exchange, to buy in? If there are effectively none or only a few left then the bears will push the price down further until a new level is found where new buyers will come in. (310p?) likewise, if it rises to say 321p, then its the same story: How many sellers are left to sell? If they have exhausted themselves and spent all their ammunition, then without any sellers the SP will rise (325p?) to a level where new sellers may join the fight.
Its at these levels where support and resistance lines are formed and movements away from these levels are deemed significant when using charts to buy/sell.
It is always very exciting to see a battle like that played out in real time

might be shaping up for another attempt to push down

looking more closely at the 3 month daily chart 319p ish is a support, if it goes then 310-312p would seem next. however, clearly there was a lot of support in and around 319p so that's holding presently. Just depends on how much fire power from both sides was used up in that battle.

good for you steve. and fair play to the rest that bought in through the turmoil,

ah, L2 data, kk?

That just leaves you steve. Bought some?

KK another one! Bounce well, Based on what!

wow jab... Why? there is no sign yet that the fall is over.

starting to stablise at 318-320, or pausing for breath

PP don't. its starting to pick up speed

Well David, it depends on what you want in terms of returns, 10% 20%? more? and over what timescale, months, years, forever?

There is a recession coming but no one is quite sure how bad it will be. if it is bad then you would expect all stocks generally to trade lower so this might not be a great time.
Long term stocks that should be ok are miners (everything made has to come out of the ground), Pharma, everyone wants to live longer and probably exclusive , supplying the rich, type companies whose customer base rarely if ever feel the effects of a recession.
Maybe beware of very high growth stocks because one trip, one 1/4 of growth that is below expectations and the stock could get savaged and that risk must be greater during a recession.
If you want you could sub divide a portion of your 300k into riskier ventures. Look at (AVCT) for instance as a potential game changer in cancer therapy that also seems to have covid 19 testing solutions. The next 3-18 months could see a huge increase in that stock price.
But it all comes down to what appetite for risk you have and are you happy seeing £300k maybe losing 20k in a day or more? (also I would consider more than 6 stocks to reduce or balance your capital, at least 10 maybe 20)

for atart I would pread it around a bit more than 6 companies (at least 10)

I am a little surprised on how many here get excited over a 15-20% gain over a number of months, whether its ASOS or Boo, (Given that these are great growth stocks)

I think MFM and a few others maybe in a dilemma: They are over committed to this stock and therefore everyday that passes without THE RNS ratchets up the fear that if this does fail then they may lose quite a lot of money (at least in the short term)
The dilemma arises because if you kept the investment in AVCT at the individuals comfort zone, lets say £5k and it increases 10 times, £50k profit is wonderful but not life changing. If you put in everything, say £100k and it 10 bags then perhaps that is life changing. And its not often that a stock like this if ever, hoves into view with such potential. So you over commit. To be fair, the anxiety levels were exacerbated by AS when he gave, albeit I am sure with no deliberate intent, terribly inaccurate forecasts of developments. What was meant to be a few weeks has run into many months with little concrete progress to show for the time. At first you can believe that every day that passes is one day nearer to the news dropping but another analogy might be that you are running for a train and every day gets you closer to the station, however if the train pulls away before you get there then you never do catch it. So, every day that passes gives the worry that somebody else or thing will beat us to the punch: vaccine, another test, virus goes away, we just live with it, whatever.
The answer of course is not to over commit but the vision of such potential gains makes you over commit...the dilemma...
So, what to do? either sell down to a holding where you can relax with it or I'm afraid you just have to understand that it was your (the individuals) decision to over commit and come to terms with the anxiety. As in all things in life its always black and white, (I know in fact its shades of grey but ultimately one shade will be darker than the other so it becomes black and white again)
So I recognise the frustration and that some need to let off steam here, sometimes to the annoyance of others but its understandable given the situation they may have put themselves in.
Tough love: sell down or shut up is a particularly brutal way of putting it, but ultimately that is the choice, its just that some, through fear and greed, are looking for a third route which I fear does not exist.

Oracle the financial recession was a walk in the park. it was not remotely bad, The govt of the day realised the mistakes of previous govt's in recessions and threw money at it which then led to austerity. Now we are in a far, far, far worse place and that money we are spending now will be have to be paid back. So higher taxes and recession... it is grim I'm afraid.

I pretty much agree Pm with your view but all I have consistently said about this, is not that boo will stumble but will actually still carry on growing! but the danger is NOT at the rate they are forecasting. Thats all. The SP is predicated on breakneck growth carrying on. that's the issue.

KK, it might be me but it feels like many posters here have never worked/lived through a recession. Recessions mean loosing a job in a market where you might not get another one for years, loosing your house, often self respect. Its awful and this one coming looks to be bad. To think life carries on as normal and it practically means nothing is not the case I fear. Boo will be affected like every other company. To suggest the young just carry on spending when they have no money is fanciful, imo