content/uploads/2012/02/091607_Conch_Shoot_3071.jpg" alt="" />

Welcome to CONCHA PLC (formerly Hot Tuna (International) PLC.

The stated aims of CONCHA PLC are to evaluate and invest in a broad range of
technology, media, well being and related industries.


Company History

Hot Tuna was born in Australia in the summer of 1969 to serve the demands of sojourning surfers, the product of a dedicated surfer�s passion fueled by the skill of his fashion designer wife. Spreading on the bodies and boards of watermen through coastal locales in the South Pacific, the brand quickly burgeoned globally, becoming an influential leader in the nascent surf industry and one of the progenitors of the neon era of surf in the '80s. Through the brand�s storied history, a long list of notables, in and out of the water, have waved the Hot Tuna banner at one time or another in their careers, including pro surfers such as Richie Lovett, Robbie Page, Beau Emerton and Drew Courtney.

In September 2005, Hot Tuna (International) PLC purchased the Hot Tuna brand from a consortium of investors and listed it on AIM, a division of the London Stock Exchange.

In the interest of managing its brand profile and distribution globally, the public Company began a rapid acquisition of its licensed interests around the world. Talented designers and key management with apparel business expertise from Quiksilver, O�Neill, Ocean Pacific, Rip Curl and Perry Ellis International, among others, were recruited to drive the process in the key markets of the United States, Australia and the United Kingdom. In July 2006, entrepreneur and fashion icon Elle Macpherson, who grew-up with the brand in Australia, was appointed as an executive director of Hot Tuna (International) PLC, her interests focused on design and distribution issues, as well as overall youth fashion and market insight. The Company's name change to Concha Plc (AIM Ticker: CHA) will become effective and the Company will begin trading under its new name from 8:00 a.m. on 7 February 2012.

http://www.conchaplc.com/

share price early this morning had half in price during the last week
Was well under the lower Bollinger Band
and the Indicators are at its lows for some time

After 2 days in the row of 15% rise, I decided to sell half

sold the other half

about 47% profit on just over a week

For those who didn't know the reason investors where buying the stock some time back

By Geoff Foster for the Daily Mail - 31 December 2014
The shares that rocketed and the ones that crashed in 2014:

Loss-making Concha, whose name in Spanish means ‘shell’, touched 8p at one stage but has jumped 2260 per cent. The investment company plans to target start-ups in the technology, media and communications field.

Indicators

What is going on?
10.7M shares traded and a rise of 1.30p

some say Buy and dance Cha-cha

Time to take stock, I did

4.825p ( 4.80 / 4.85p )

Had a retracement and further down today, buyers are appearing at this price. Level 2 is positive of 2 v 1 on a very small spread.
only one MM at 4.85p the next one is at 5.20p

buyers are now taking advantage of the lower price, offer move up to 4.90p, still only one MM the same one that was at 4.85p

bid moving higher now 4.85p for offer at 5p

volume of 3.7M, has slowdown a bit on the buying spree
would be bullish if closing at yesterday close or above.

An earlier MM at 4.90p offer gave the opportunity to some to buy still cheap this morning but is gone now and the spread has gone large 4.85 v 5.30p

Yesterday's closing Candlestick was a ...........BULLISH HARAMI CROSS

This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami.

Well the reversal is happening as the bid has gone to 4.90p

as the spread was so large, buyers were happy to buy just below middle price

.

.

curious, for haram (islam) = tref (judaic)

4.95p +0.15p

The trades for the last couple days have been erratic and I get the idea that MMs were playing games and trying to get the share on doing a double bottom on the chart ( the last low at end of March )

well today the thing has changed on reaching such a low and turning, finishing at best of the day that has created a Bullish Hammer Candlestick

BULLISH HAMMER
Definition
This pattern occurs at the bottom of a trend or during a downtrend and it is called a Hammer since it is hammering out of a bottom. It is a single candlestick pattern that has a long lower shadow and a small body at or very near the top of its daily trading range.

Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A small body at the upper end of the trading range is observed. The color of the body is not important.
3. The lower shadow of this candlestick is at least twice as long as the body.
4. There is (almost) no upper shadow.

Pattern Requirements and Flexibility
The body of the Hammer should be small. The lower shadow should be at least twice as long as the body, but not shorter than an average candlestick. It is desired that there is no or a very tiny upper shadow. The bottom of the Hammer’s body should be lower than both of the two preceding black candlesticks.

It looks like MMs are still playing with the stock movement this days, and today is not exception though is on the way up today

stock on the bounce today as we reach the end of the month both with good CANDLESTICK close yesterday, maybe that is the reason for the marked up from the start

Had its ups and downs for the last few days, as not enough buying breaks the latest downtrend, as MMs will move it lower on any small selling.

marked up today on a slightly buying, let see if it goes the right way UP
has settle at this low price for the last couple days

Today's closing Candlestick ha made it bullish again

It was another .....BULLISH HARAMI CROSS pattern

maybe this time will be more bullish than the past one

FOLLOWING YESTERDAY'S MOVE HIGHER

the MMs must be short of stock as they move up with trades of 150K, that is their size on the Level 2

spread 4.90 v 5p
level 2 of 2 v 1 so positive


MAM charts not showing the right price