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 :-)) ?

CC
i do hope your hedging proves better than mine usually is, especialy in same stock. it means timing is more important then ever. when and what level do i remove one of my hedges? and which one? you'll see. aint worth the sweat. call it right and either take profit or sit through pull back/ retracement which always ocurs and then add whilst still in profit and in direction of trend. but to hedge and be both long and short same stock makes for my not being able to think clearly.i've tried it and it dont work for me. we are all different and this is just my own personal opinion.
regards and good luck
jkd

jkd - Your absoluteley right, many thanks for your thoughts. To be honest I actually own very few stocks, I prefer to trade CFD's and spreadbet these markets since the downturn. Last Thursday I closed my short (spreadbet) @ 241.80 for + 33.4. Friday (being a greedy so and so) opened a new SB short @ 236 Initial target 225.0 stop 246.0, chances are unless Indices tank overnight I will probably get stopped out early doors. I bought 691 shares @ 236.8 this morning to tuck away and keep hopefully medium to long term (for my granddaughter). I will continue to use SB's Cfd's to trade the stock in the future. I can assure you that the fact the stock rose today was no great aforethought or great timing on my part, I just got lucky! Cheers!

CC
your granddaughter is a very lucky lady to have such a thoughtfull and caring person
such as you to be thinkng of her welfare.
best regards to you
jkd

jkd - Many Thanks!

oh come on you two.....i'm trying to eat my breakfast... what is this, the mutal grooming society.....lol

Who asked you-knobhead? :o)

I have a feeling that we are not at the bottom of this yet.

must admit it is not considered polite to interupt a private conversation.;-)
what goes around comes around so it is said ;-) didnt take long .
good luck and best regards to all.
jkd

220p & then back up again???

bloody hope so....

Blue today, keep creeping up please in need of 3
..
~

Last lurch down, hopefully. Am tempted to buy more at this level (225p) ready for the gentle ride up.

220p in sight.

More unemployment in the US spells bad times for EMG.

Rightly or wrongly took profits on my short @225.2 + 10.8 bir in the bush and all that:o) Either way this is a great trading stock!

220 has already been correctly identified as next good support level. must admit however price does look weak after todays action,combined with that potential 3 day white/red flag. agree with h98 on this one. could be wrong. we'll see. will be interesting to see tomorrows weekly close price. long term hope for bulls is that daily gap up at 300/310sh level which may or may not need filling at some future date.
i am in the camp that think it will be . just dont know when. as always just my opinion.
good luck and regards
to all
jkd

Legal & Gen just increased their holding from 3% to 4%.

Harry increase is from 3.96% to 4.01%!

Wow! That's impressive.

Apologies, mis-read the RNS. However I read 3.53% - 4.01% ??? (Extra 8.28m shares)