african minerals appears to be upping its stake - possible takeover / offer?

iron ore price

Morgan Stanley raised its forecast for iron ore prices this year on expectations that accelerating economic growth in China, the biggest buyer, will boost demand.
Prices will average $133 a ton this year, 11 percent more than a previous estimate, analysts Peter Richardson and Joel Crane wrote in a report today. Prices may average $142 in the first quarter and fall to $125 in the third, they said.

bloomberg / morgan-stanley-boosts-2013-iron-ore-estimate-as-demand-climbs/a>

Getting closer to the Intraday BREAKOUT

if it finishised at this price will be the best closing 25.75p but intraday was 26.75p

PFC (+ LAM as it happens) both stand me very nicely in profit

as it happens I am taking about your antics not if you had any pennies on PFC ( as i remember you said I sold a third and then bought back half) After I predicted a to be a 61.8% fibonacci retracement and it did so 100 % correct on my part, thank you very much.

Is it correct what I am saying?

also LAM you comment was not to trade on such a bad company, I did and made good profit on a very short time on the bounce back

strange to say now you made profit on LAM

correction .... i am making a decent profit on LAM ..... decided to buy at 110

PFC - have traded this for 2/3/4 years as i rate the company very highly, though i don't think i'ld much like being one of their sub-contractors .... current holdings are from sept/oct 2012 ..... now that sp at last seems to have broken through the 1700 barrier, i keep fingers x-ed that it has much more puff left in its sails

i have always said that your pretty pix and comment are often useful and interesting ..... it's your perpetual stream of personal and totally unwarranted abuse that is totally unacceptable on this board - or anywhere else for that matter

Look on the bright side, MoneyAM is a fairly quiet board, at least the presence of an illegal immigrant with a severe personality order keeps us all entertained.

Magicpants is surely certifiable? Looneybin escapee? Chelsea footballer?

it's Tanker who is the celtic illegal .... MJ is just certifiable when he's not taking his medication

chuckles

that is the right side

You have given the clue....... Welsh .......... Sheep S#agger and on top BARSTEWARD

more, you are not good enough to lick my large left ball on share trading and knowledge

so you are just a clown as the pic shows

BT say is good to talk, but not when is from you dirty back side, bleach does the job all the time

re - lonely

is when one goes to threads where do not own shares, and that is YOUR case and plenty more over here, I post where I own a company and from where I run my own one.

Not everyone has the "magic" to be a Master of its own

learn to talk and if is right people will listen, do not bark I am too far away to here you



fancy dress you are wearing!

LESSONS FOR MOST TO LEARN OVER HERE - Chart - fibonacci

The Fibonacci retracements pattern can be useful for swing traders to identify reversals on a stock chart.

Stocks will often pull back or retrace a percentage of the previous move before reversing.
These Fibonacci retracements often occur at three levels: 38.2%, 50%, and 61.8%.



The 38.2% was the case for BAO on the last retracement as I posted on the 15th

the target on those grounds is for 42p but the time frame for that is another thing and first has to pass 36p

Posted on the 15th



When I said full of strengh above, I was meaning that it did not retrace further down to the other higher % meaning lower share price.

MJ - do try not to preach .....
nevertheless, your opening sentence The Fibonacci retracements pattern CAN be useful for swing traders to identify reversals on a stock chart says plenty about charts in general

there are all sorts of charts and interpretations thereof, all of which have their adherents - which is why the more popular a given charting system is, the more likely it is to be self-fulfilling

i certainly find the simpler kind of chart very useful as a guide and tool, and as so often in life, the simpler and more easy to understand the more useful ..... conversely (imo), the more complicated and esoteric the system, the less likely it is to reap results

i am well aware that the above may not be written with the usual clarity and brevity for which i strive, but i think most will understand the point i am trying to make

And here we come again

using my charts you are getting high % return

Using the "simpleton charts" you are getting 10% return a Year ( PFC )

as it happens I do explain before it happens not like some that it is allways after the share price has move up ( I bough yesterday I bought last week )

btw - I do not preach but teach ( you should know by now otherwise you would not use my systems ) LAM, BAO even in PFC, etc

Share price does the talking

very strong for the last couple days on expectations of positive news very soon,
on the investment of the last couple years resulting on a higher JORC

(unlike you) i do not belittle let alone cast aspersions and personal abuse at those who follow their own path ..... indeed you are probably old enough to remember horace batchelor of keynsham and his pools punditry!

to put it very simply and as i often say, no one every went broke banking a profit ...... thus and as previously posted, i look at your pretty pix and comment which is usually interesting ..... and sometimes i agree and follow, either quickly or a little thereafter, and sometimes i ignore

hindsight is wonderful stuff and guaranteed to be absolutely accurate, but is assuredly no guarantee of what the future holds, whether for better or for worse

almost as an aside, it is somewhat curious that you abused me roundly (yet again) re my post 271, yet suddenly the content of that mysteriously gets mentioned on your latest ..... the more cynical among us may say that the reaction to post 271 was because the information did not come from your mouth which thus bruised your pride and ego

RE - no one every went broke banking a profit

I heard it all for the race you belong as easy as that

history is all over the place once again on you thoughts

===========

re - hindsight is wonderful stuff

It all comes to the word LIAR

and you belong to this category ...... cos you say it well after it happens ( better when the share price is well up - I cought you with examples several times)

I do say it at the time and give the reason for.

That is it as clear as the water from the RED sea

oh dear oh dear oh dear ...... is that a bullet hole i see in your foot?

BREAKOUT

the expected breakout is on the way and happening

re - is that a bullet hole i see in your foot?

I see the bullet hole is on your head and that is why you SHUT UP the bla, bla bla.

As said before BAO is very volatile and as so has now spike again after the drop reaching a new high lately 27.50p

Usually it happens as WINS Market Maker goes into the bid on an agresive maner ( maybe is cos is the one on the online cheaper buying price ) so on turning the punters moves in at the same time

and go with the trend ( or breakout )
has now reached a new intrady high 28.25p and that is up 2.875p