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Stokey, of course it's based on market cap. There are some AIM companies with massive valuations. The FTSE 250 typically represents the biggest 101-350 companies in size, hence the name 250, sitting below the FTSE 100. Market caps change so companies get kicked out and promoted to both indexes.
FTSE 250 is not the AIM here, we'd need a market cap around 500m. Not out of the realms of possibility on a 10 year timescale but we will likely move to FTSE small cap market long before then.
But that's exactly why chartists get a bad reputation. They're all over Telegram too. "Look at this share, it's primed to take off, my chart shows it!". Day later it's down 10% and that person is posting about a different stock. You're obviously not one of them but I treat all charts with suspicion these days. Apologises if my lemming jibe caused offence.
Different ways of charting I guess Si. Yours do tend to remain consistent. But that's not how I normally see charts. I follow the hashtag on Twitter and there are people who post charts and it's always a different line. MajesticTrader for example. And that's just one example, on just one share.
Who knew the word lemming (or lemmon) would be so divisive. 🙂 I thought it was quite tame compared to what normally happens on this board.
Maybe I have just seen some bad chartists over time. It sometimes feels like every time I see a new chart the line starts from a different point or is at a different angle across the period in question depending on which peaks and dips they want to take into account at that moment in time. Like I have seen several charts over time where the share price is at the skinny end of a triangle (wedge to be technical) and then a couple of months later it's the same again with a new line.
Chart people sell when the price falls a small amount don't they? They buy at X and then set a stop loss about half a penny below that on an arbitrary line they drew. I don't really care what they do, just giving my view on the afternoon selling.
Quite possibly Si. 🍋
Lemming is what I had in mind though.
I'm not sure what you're talking about though, I don't believe I have posted in the TA thread. Just giving my view on the selling towards the end of the day in the appropriate place. It looks like typical short/trader activity. Good luck to them I say, I'm happy holding for finance which must be due any day. Some will get caught out.
I kept an eye on IG app today and this afternoon around the time the 2x 100k sells came in shorts went from 17% to 18%. Additionally the app is showing 86% sells for today, 87% for the week and 71% for the month. The share price is doing the opposite. Starting to think people only use IG for shorting. The shorts will pull it down slightly and then the lemmons wielding their charts will sell thinking the share price is about to reverse. Now would be a great time for the finance news to drop.
If I were JW I wouldn't bother RNSing anything that isn't legally required before the finance deal is posted. Time and time again we've seen it has no effect on the share price and is often sold into.
This will be RNS worthy some day, when the process is completed and we get awarded the funds.
Https://www.offshorewindscotland.org.uk/news/2024/april/02/full-sim-stage-2-list-published/
April 2nd... Same day the current share price rise started. Coincidence?
Good news, and good find LSE03. It sounds like we have the potential to be a huge player in Scottish wind energy. All the cards falling into place there on renewables.
Clearly it's going to take time to get there and get these big contracts, but that's the medium term growth opportunity 2-5 years down the line. Makes you think where the company as a whole will be in 5 years and its valuation. I suspect substantially higher than today.
Broomtree, when you think everyone but yourself is a 🤡 then it may be time to look in the mirror.
You remind me of that gif I can't share where there's one guy standing in front of a huge crowd screaming "you're all wrong!".
You must be devastated that the share price is only down 1% on the news.
Statement from the company:
"A Harland and Wolf spokesperson said the fire occurred in a tank onboard a vessel that was being worked on by one of the shipyard’s subcontractors.
“After detection of smoke and a small fire, the well-practiced evacuation of the vessel was undertaken. All crew are safe and accounted for and the fire is out,” they said.
“Harland & Wolff takes safety of all personnel as the most important priority in each of its facilities. Further investigations remain ongoing.”"
Sounds like it was just a small fire, contained and dealt with as per safety protocols. Good of the company to give that statement to the media. (update on the Irish News article)
I saw this yesterday.
https://www.cityam.com/is-the-london-stock-exchanges-aim-in-terminal-decline/
Pretty much what I've been saying for the past two years. Need to get off this horrible market.
Seems it is not just smallcaps unhappy with the LSE...
https://www.cityam.com/shell-looking-at-all-options-on-undervalued-london-listing/