I suspect trading tomorrow will probably answer this conundrum, but I know there are some far wiser owls than me that contribute to this bb & I would be interested in their opinions.

My question is this: the chart below looks to me like a pullback of the uptrend (ie when it went north through 14.00) however I am unsure as it has now broken down through 14.00 whether this is trending up or down :-(

So what do you think - up or down, or should I just flip a coin :-)) ?

a much neglected company .... this is expecially for maggie!

i think the chart looks pretty good, always assuming Dow does not start getting silly again

however, watch out as sp draws near 600 as there could be some quite strong resistance where 25+50 dma converge

Confess that this isn't one that I have been watching, but the chart would suggest that historically the sp is close to the bottom. Current broker target is 630p.

YES HARRY TIME TO GO IN.

Thanks for chart cynic was away on holiday wish I'd stayed away! Think this one has been hammered because of it's hedge fund connections. Hope you're right XS.

share Buy-Backs have wasted money!

Why do they do it?
(OK 149m, isn't much compared with the Mkt Cap....but it sure buys a lot of investment which could help improve their average investment levels - now that would make sense)IMHO

Av price 4.95 (see RNS), - and today?
2.75 - chuck out wasteful Management . . . desperate to secure their bonuses at any cost.....today as this waste is exposed the sp fell 30% Ooo-er.

Stay out could fall sub 200p.

Current broker target is 560p though, for what it's worth!
Also support at 220p which is the 52 week low.
EDIT - Apparently not - Now 210p!

Now closed at 189p I think they could fall to 40/45p in the next 12 months.

Goes ex-divi on the 26th Nov '08.

heading to the important 200p level.

Considering that this is a sector currently out of favour & also EMG went ex-divi a while back, the sp has held up well (currently 252p). Graph is looking positive, but 300p level may be tough to break.

I agree Harry its looking great considering.

Almost 300p today Harry I never would have thought it.

I'm out at 279p. Have divi plus profit (pumped in to IEC), so will now watch for a dip. Expect 300p to be a resistance level. As you say, amazing considering this sector is considered the bad boy, with customers wanting their cash at any cost.

Well done Harry as you say 300p big level will it break it.

244p the low today. Glad I got out, but maybe worth getting back in again for another go at the 300p level?

Back to 200p more likely.

EK has been short for a while now. Are you also shorting this hlyeo?
I only really bought this for the divi, so probably won't get back in until next divi is due.

I got in too early at 300p on the collapse a few weeks ago so I've held on for the sp to recover. Fortunately I was able to get out this week at the same mark.