Recent newspaper reports of counter bid might have some merit. Lots of buys are a bit larger than usual uninformed punters.

M.

Through it Harry. Hope you havent sold. Is some resistance at about 96p/97p.

Been a good week so far. Also is support in 92p area whith S/R equation , yep might consolidate for a while, but seems to be on a run.

Wondering if I should add again before my 120p SP target.

Skinny you genious .........Ladle chart pattern. Get a copyright on it.

Yep, sold at 92p. I bought at 79p and also will get the divi, so more than happy. Plus getting a little nervous that my profit is at risk. Plus I need the cash for IGG when it gets sub 420p! (hopefully).

Well done to those who bought this, If it can get past 96p got to hit 100p as a limit surely?

Well done harry. im holding. Holding for 120p if Mrs Merkel allows me to.

Well played Harry - my close order @95 now looking doubtful.

Are all you guys still hanging on or have you closed?

Still hanging on, hoping for 95 to 100p. Ang move on IGG yet Harry, thanks H

Trend is still up. No reason (for me) to exit.

(IGG stubbornly refusing to go lower atm! Not given up hope yet though!)

I'm out of this at present, as posted above, but just as a matter of interest, are the rest of you still holding, as the up trend seems to have stalled for the moment, plus no sign that the sp wants to push past the 200 DMA?

I'm still in Harry - a few recent short(ish) term punts are off today - the exceptions being HFD,RSL and FGP.

In that case, what would be the trigger for you to get out? You must be pretty convinced that the sp will soon get through the 200? Presumably if the 25/30 & the 50 DMA's hit and don't get through?

Harry - I'm reasonably happy to hold these atm, I'm long from 82p, so a break of @85p and I may be out.

Still holding. Looks like a pennant forming on the chart. Could be a positive break
from it especially come thursday and we get more QE or similar..............hopefully.

Out first thing. Kick in the gonads ...mind a profit is a profit.

Pre-close Trading Update for the six months ended 30 September 2012

Shanks Group plc, a leading international waste management business, provides a pre-close trading update for the six months ended 30 September 2012.

The commentary on the Group's performance set out in this trading update reflects the reorganisation of the Group into its Organics, Hazardous Waste, UK Municipal, and Solid Waste businesses as announced in the Interim Management Statement released on 19 July 2012.

Summary

During the first half, the Organics, Hazardous Waste, and UK Municipal businesses have continued to perform robustly and in line with our expectations. However, since the last statement market conditions in the UK and Dutch Solid Waste markets have deteriorated significantly with a consequential impact on the Group's trading performance.

Whilst the Group is delivering benefits from the investment programme and its cost reduction plans, these will not be sufficient in the short term to offset the challenging conditions in the Solid Waste markets. The Board therefore now expects the result for the year to 31 March 2013 will be slightly below the range of current expectations.

I would buy at 65p due to the inverted bowl chart.

bought at 76p today.