SpeederD
25 Apr 2018
Re: Sold too soon Lol yes very specifically next Tuesday!If youve taken a decent profit, The problem with coming back in at anything higher than 450p (which is only -25%) is that this stock can butcher you it’s so volatile. The flash crash in Jan took it from 560 to 395p in days!If you’ve run a profit it’s better to wait for a safe reentry point over next few months which is possible - Stock markets at all time highs- Rates rising - orange dude in White House- oil price at all time high for a while but fundamentals of shale more likely to bringing it down not up- and let’s not forget the SFO isn’t over yet - dividend is over for another 6 months You might buy all that risk at 450p but at 550p......you could be asking for trouble
veksi
25 Apr 2018
X-div Goes x tomorrow yet we are at 599p, how nice!There might be a dip to 570p perhaps.
Boyobach
25 Apr 2018
Re: Sold too soon next week is when next Tuesday is....but maybe that's not what you meant.In reality, there's room for all sides in this bit of banter to be right - yes the trend is currently upward and, equally, there will inevitably be some 'corrections' along the way. How deep those corrections go is a matter of interest for those of us who took a profit and would like to reload if the right opportunity comes along. A revisit to 560 would be nice for me - that would mean 60p tucked away instead of the divi - but, hey, I'll see where it lands over the next few days.
shugg1e
25 Apr 2018
Re: Sold too soon did i say next week?
SpeederD
25 Apr 2018
Re: Sold too soon It's dropped like it ex-dividend today, if it also does an-ex-div dip tomorrow then that only gives you 2 business days to get to 650p or you have to shake hands and retract calling Jack a cunnie
shugg1e
25 Apr 2018
Re: Sold too soon Ex dividend tomorrow so one would expect the corresponding fall.What else happens depends on the chaos the big man in the white house causes.
Boyobach
25 Apr 2018
Re: Sold too soon Correction - 'today's 592.6 opening price' - should have been: 'today's early low of 592.6' PFC actually opened at 601. A bit sloppy - apologies.
Jack_Walsh
25 Apr 2018
Re: Sold too soon Indeed.I will unreservedly apologise to Shuggle if the sp is £6.50-7.20 by next Tuesday.I'm sure he will do likewise.
Jack_Walsh
25 Apr 2018
Re: Sold too soon Hi Boyo.Joking aside, I am open to the idea that TA can be useful in certain circumstances - such as timing an entry or exit - but, as you say, this might just be because it's a self-fulfilling prophecy.I'm also trying to consider at what point I would re-buy the 20% I sold, as I do think the SP has potential to be significantly higher at some future point.I sold at around £6.20, so I'm thinking somewhere in the region of £5.50-5.60? Perhaps 10% at this point and then hold out for £5.25? At worst, these prices will never get revisited, in which case my remaining 80% will be doing very nicely!
SpeederD
25 Apr 2018
Re: Sold too soon 650p to 720p for next Tuesday. Whoever is wrong owes the other an apology for respectively calling each other a peddler of drivel and the other Unmentionable name lol
Boyobach
25 Apr 2018
Re: Sold too soon Why Jack, surely you are not thinking that there's a fib in Fibonacci? That's heresy in some circles you know. The fact that it's most effective in markets (like Forex) where lots of traders use it does point to a rather self fulfilling tendency. It also helps that 50% usually gets added to the series to fill in an awkward gap.On an even cheekier note, I'm wondering if today's 592.6 opening price provides a clue to the sp's direction - so I've started to set one or two 'optimistic' limit buys.
Jack_Walsh
25 Apr 2018
Re: Sold too soon Why wait? Just get Shuggle to look into his tea leaves!
SpeederD
25 Apr 2018
Re: Sold too soon Priceless lol!It will indeed be interesting to see what the price is next Tuesday!
Jack_Walsh
25 Apr 2018
Re: Sold too soon Lol!
shugg1e
24 Apr 2018
Re: Sold too soon CU Next Tuesday
