for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

Do it again and i report you for spamming, LOL

Off topic Jamie , I still hold FDI,GFM and JKX, also is NOP still worth holding, and do you hold CSH?

evening. oh well. red day. never mind. like most of us still here, sitting on a fat profit margin. no intention of selling. dont see the point. infact, all red for me too.

Lets not get carried away people! I remember the same sort of sentiment with Chelford Group a while ago, then the price dropped alamingly and stayed low for ages. I t still hasnt recovered after a year

got back in on monday and unfortunately seeing red, however, i still think this has some way to go medium term.

all my others are red apart from OXB which is a nice shade of blue.

keith thomas

Can't see the point of your post, friend. What have SEO and Chelford Group got in common? Oh, its the fact that sentiment is similar! Get real, I suggest and compare the fundamentals, then give a well-considered post, please.

Eric

keith thomas
I don't know what your quibbling about if you had bought Chelford at the beginning of 2005 at 140 and sold today you would have made 1 a share (not bad) they are now 240, its called timing if you get it wrong its hard luck.

Looks like a triangle pattern forming. I wonder which way it will break?

dclinton, please could you explain what you mean by "a triangle pattern forming"? i like to learn new things, thats all.
keith thomas, seo and chr are worlds apart. chr , good company thats moving slowly but nicely upwards(i hold from many years ago . i dont expect to see my stake for a few years yet!!!). seo, on the verge of a seriously profitable journey. as driver says, get your timing right and you are smiling , get it wrong and ..........

keith thomas
Sorry I may of been a bit harsh but I am the one who sold Next for 300p, my Rage software, ennigis, Redstone/T, all went down the pan so we have all been there.
Off to work have a good day..

morning all.plenty snow outside. looks lovely.

drizzle is surrey - grey & horrid

bosley - it's a bit of technical analysis and a very common chart pattern.

Look at the daily chart over the past week and what you see are a series of higher lows and lower highs. Draw lines along the peaks and troughs and you will see that they converge, forming a triangle shape.

What this indicates is that the buyers and sellers are gradually coming into balance. However, the theory is that this balance can't be maintained and at some point the price will break out of the triangle. When that happens it frequently moves sharply in the direction of the breakout.

However, sometimes you get a false breakout and the price then moves back the other direction. The main point is that whichever way the eventual move is, it is usually quite significant.

Of course, this is technical analysis and really only talks about probabilities, so there is no certainty about the outcome. I suggest reading the FT's "Investor's guide to charting" by Alistair Blair as a starting point. There are then any number of other books devoted to the subject.

Personally, I used to rely heavily on Technical Analysis (TA) but since I started investing based on fundamentals my portfolio has done a lot better. Not to say TA doesn't work, just that my mentality seems better suited to fundamental analysis.

doug

dclinton

thanks for the info re TA: i have always wondered about that graph.

BTW: can you recommend any material either internet based or papertype which outlines the differences in charts and how to read them?

Cheers

Moving up on thin volumes - just posted this really to keep it on the front page

Driver
You sent a shiver down my spine at the mention of energis.....If you want some shares in that "wonderful" business i have a draw full of the worthless bits of paper, make me an offer ! HOWLLLLLLLLLLLLLL

Nice to see a tick up today again, Roll on the news from asda. Thought it come late ladst night, only to find it was a further (small) issue for a retiring employee :-(((
Be lucky

Sticking my oar in again.


Triangles are basically formed from resistance and support lines over a relatively short period to the overall trend you are watching.

If based on the extremes of the dealing price of the days you are watching, sometimes you will see the range of day trading prices begin to narrow and the over all trading resistance and support lines line narrow extended cone to a point ie. triangle formation.

As one comes nearer the apex of the triangle sometimes one can see the price range burst through one of those lines. If the break is maintained for two to three days in a any direction then it is suggestive of the change of the trend in the direction of the break.

It is stated by some that the triangle should be 2/3 completed.

Also. it is suggested that it is unwise to buy in a triangle (unless you have inside information) and leave purchases or even sells until the price has established a definite trend again.

Substitute for days the unit of time you are using, minutes, weeks, and months.

Overall, I think that my results from using TA in combination with basic fundamentals have given me far greater returns than I would have expected. I wish I hadnt regarded then based on phantasy. But I am still sceptical or at least cautious of many of the claims.

thanks doug and fred for your help in triangle explanations.very helpful.
lovely bit of blue today. cant beat a bit of blue.....price seems to be stable . fred, what claims are you sceptical about?

Hope this triangle thing means first SHARP DROP - wait for it, panic sellers reading last years results, followed quickly by people BUYING at low price (me included) for next years results and then the bounce up and beyond 20p!! I will be watching closely on Monday and should there be a buying op, I'm ready. If not I'll settle for a nice blue triangle pointing up on the SEO share price.

Andysmith - you been reading my mind again - although I'm not sure I should add any more weight to SEO. On balance would like immediate and sustained sharp rise up through 20p to my next stop of 25p to give me some profits to place elsewhere.

SD

planttec
I dont want to rub it in but Archie Norman is raking it in (energis)

Triangles what Triangles