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I read every single posts yesterday, although you were right and some may owe you an apology you didn't go about things the right way. You came across like a bible basher, you spoke your predictions but you didn't give any reasoning or logic behind those numbers. It's pot luck or you're someone that knows their stuff but perhaps present your thoughts and opinions better going forward?
I'd love to hear from your opinions going forward as I do believe you have something worth listening to but maybe learn to get along with others. Of course it goes both ways and people should respect you
mrcalm from what I read I don't think Smithy is a deramper, more of a realist providing potential scenarios. We all want the same end goal which is to make money, but we have to understand that the SP may not always plough straight up even with good news on the horizon, you'll have many profit takers also day traders. Historically this share has hit highs very quickly and traced back down so there is that uncertainty. Either way perhaps do as your name suggests and be calm?
Managed to get some more at 0.0704, smaller £3k but still accumulating (will check if this shows as sell then my suspicions of most buys showing as sells will be right). Done buying for the day, will look at more in the upcoming days. ATB
Yeah many of the buys are showing as sells, not unusual for this to happen, the trick is to look at the quantity and price action and figure out that you can't make 10k from selling that amount of quantity at that price. There's a 14m at 10k buy gone through showing as sell.
In all fairness mcklondon was predicting this inevitability with support from technical analysis, you can go back and read their posts from the 15th of Jan.
As a summary reasoning and explanation was given in the form of a chart pattern. Chart pattern showed a symmetrical triangle, this is a neutral triangle and it can go either way as we approach the eye of the storm. An indicator that it's heading back down towards a support line of 300 region is the downtrend from the resistance line around results day. Of course this motion is not definitive, BOO may see some small green days, possibly even tomorrow, but general pattern shows a downtrend.
One likely outcome is that this share will bounce up from lows(ranging from 295-305), once that happens I believe that will be the start of the final uptrend in which this share pushes past resistance given the appetite and volume is there and its plain sailing towards 400 and then consequently new highs.
Just my opinion but you're more than welcome to feel indifferent :)