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13 years 1 month ago #3941
by Tradesmarter
Replied by Tradesmarter on topic TPL
The "easy money" that PJ highlighted has been made...you may have made make a lot more, or you could lose at least half...most shares when they cross 50p do have a habbit of staying range bound 50-55 for a while (BUT a close below 50p suggest the typical retracement will occur... so I think you made the correct call (regardless of what happens...I would have done the same myself)...for buying back in I'd say the gap area needs to be considered, but resistance (now support) at 40p my preferred re-netry number. If buying back in then reduce your stake to your winnings from first punt..that way you still "win" no matter what happens....remember after doubling in a few weeks some of the expected good news is "priced in" if no good news comes this will reverse sharply....NEWS and not technicals will drive this imvho, but 43p and 40p would be the technical areas that would say this is still bullish and to buy the dip...below 40p forget it
PJ...whats your views Sir, you know the company "I know nothing"
PJ...whats your views Sir, you know the company "I know nothing"
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