| 11:41 18/05/2012 | Re: tiger in for 50k shares |
| Its crazy I know, thinking of IUKD and to pot with individual large caps. My covering short which I closed earlier this morn made everything I had hoped the long on FENR would do. FENR is now a free ride! Can I ask what software you use or is it proprietry ATB, Sin By Sinbab |
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| 10:55 18/05/2012 | Re: tiger in for 50k shares |
| I have a very expensive chunk of software !!...........That of course needs data........... That said ALL BETS ARE NOW OFF.........Re support points. This Euro job means ANYTHING can happen. We have FTSE 100 companies offering a yield of 10% !!!! Madness but anything can happen. I am in here for a 1/2 year term and as i said half the cash is on the table. Good luck tiger By CASTLEFORD TIGER |
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| 10:37 18/05/2012 | Re: tiger in for 50k shares |
| I'm impressed. How did you pick 380 as support from back at beginning of month -I'm missing a trick here. By Sinbab |
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| 9:25 18/05/2012 | tiger in for 50k shares |
| Happy to buy at this point and have put half my stake in. Tiger By CASTLEFORD TIGER |
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| 18:28 17/05/2012 | Re: Sinbab why not buy a share on new hi... |
| Thanks for that Sinbab. I have just this minute read what you have to say. It will take much longer to work through it. Enjoy your holiday! By maxwell edison |
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| 23:01 16/05/2012 | Re: Spaghetti for dinner it is! |
| Well done Sinbad. I confess when you placd the limit order I think you were being optimistic, but markets are running scared at the moment; and it could well sink lower, but I have long term confidence. By Hardboy |
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| 21:32 16/05/2012 | Re: Sinbab why not buy a share on new high ? |
| Thanks for the post Maxwell. Boy, this could turn into a lengthy response but the missus will kill me given I'm menat to be on holiday and I'm supposed not to peruse the BBs. In short its a personal preference. In my experience new highs are often marked out as double top targets and given my style here you can see how it can become a self-fulfilling prophecy. The distinct advantage of buying in on a pull back is you get to see where support lies, at which point the big houses come in to support price. Only the big institutions can change SP direction and define lines of support or resistance. I just look for the signs which usually means looking at volume and TA tools but also with an eye on overall market sentiment where it is currently oversold and due either a bounce or a crash -but I'll spare you as everyone has their own style. I would buy a new high if it was a confirmed breakout from a reliable chart pattern, again I would look for volume to confirm although again i would prefer a pullback to the breakout price before going long. Hope this helps, but in short, its just my style. By Sinbab |
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| 21:23 16/05/2012 | Spaghetti for dinner it is! |
| bagged at 401 (actually 400.8) and hedged with a short @5425 on the FTSE to protect against a further slide. Target is 483 where ProRealTime EOD charts has major horizontal resistance at which point I'll lock in profits at a point below a perceived trailing line of support. If the SP plows through 483 then I'll move the stop loss to 480. PS. Patience is a virtue, plan your trade and trade your plan. By Sinbab |
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| 9:09 15/05/2012 | Sinbab why not buy a share on new high ? |
| Hi Sinbab I am interested to know why you would not buy a share posting a new high SP ( previous post). I have used a strategy set out in "Midas Investing" where a filter is set for a number of factors including a new high SP. It has worked quite well for me. In fact it identified FENR. So I would be interested to know the arguments against. Thanks By maxwell edison |
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| 17:07 10/05/2012 | Re: Support |
| Was today a temporary reprieve, or the end of the panic for the moment? Either way as soon as markets turned positive this little baby jumped nicely, maybe Sinbad's 401 was a little too greedy; but with things like that, you've not lost anything. Let's see what tomorrow brings By Hardboy |
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| 8:59 10/05/2012 | Re: Support |
| Hi sinbab. Thanks for the reply. s1s2 By Sam1Simba2 |
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| 23:12 09/05/2012 | Re: Support |
| Hi S1S2 390 would be my floor and stop loss because if that goes i can see it then falling to 360 but that really would require major market capitulation. 360ish would be resistance level from last summers trading range (283-365). Ignoring the doomsday scenario I would certainly be looking for 480 again before the EOY if not sooner which is where i would exit, assuming all goes well. As I say, anything under 428 is a bargain (based on fundamentals) and 401 would be a steal even if i can see a gap down to the d200SMA. Regards, Sin. By Sinbab |
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| 21:26 09/05/2012 | Re: Support |
| Hi Sinbab. What are your predictions for this share, North or south by how much and when. S1S2 By Sam1Simba2 |
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| 19:33 09/05/2012 | Re: Support |
| Hardboy, let us agree to disagree on TA. While I recognize your cynicism and respect your emphasis for fundamentals and financial projections, from my perspective you can not dismiss or ignore the technical aspects as to how a share price (SP) or market moves. And with all due respect a measured move is precisely a future forecast albeit based on what has already passed, either in the near or long term. Simple truth is many technical formations have a high probability of paying off and if you play those odds then you can earn a living from it as i now do. Sure, I won't invest in a company that I don't trust the fundamentals (or where the SP has set new highs) but it is the technicals that tell me when to buy and when to sell. We both know that the SP never travels in a straight line but oscillates between positions of support and resistance which are most often defined by past price actions. Understanding price action as a series of advances and retracements, often in measured moves, can inform you as to whether you are buying at too high a price or at a discount, and when to get back in on a pullback. IMHO, to trade without an awareness of the other is folly! ATB By Sinbab |
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| 18:02 09/05/2012 | Re: Support |
| Low of 403.2 today - getting closer for you. I'm afraid the picture doesn't say it all. To me the picture says: I think I'll have spaghetti for dinner! I'm very cynical about TA. All technical analysis looks at historic data. What drives markets is the perception of what the future holds. So it is better (in my mind) to spend time reading & interpretting future forecasts than analysing the past. The reason this share price is falling is fears of world economic stability and lack of growth. Those fears are likely to continue for sometime, so I suspect we will continue to see share price weakness generally. The latest news from Fenner is very positive, so we do agree this is a great buying oportunity. By Hardboy |
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