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 :-)) ?

Man Group plc announces that on 9th November 2011 it purchased for cancellation 2,900,000 of its ordinary shares at an average price of 143.2257p pence per ordinary share.

Following this cancellation the total number of ordinary shares in issue will be 1,872,425,131. The Company does not hold any shares in Treasury.

Your point, mitzy???

Low of the year I believe ..?

Ah, I thought you were going to describe a unique chart pattern which pointed to future performance! ;o)

Yep 130.40 12 month low.

maybe a kamikazi ski run..?

There are far better about :-)

lol.

130p low.

I notice that EMG has been, as informed, gradually executing it's buy-back program of shares, so at some point, when the markets pick up, these should see a pretty healthy bounce.
On a slightly different topic, there is a lengthy article in this week's Shares Mag about AHL fund and algorithmic trading, which puts our PI trading of equities + spread betting & CFD trading into a very basic category. I wonder if EMG is really a suitable stock to be traded by us mortals as the AHL way of trading is light years ahead of anything we can get to grips with.

10 day chart fall of 25p.

will fall to 70p imo.

Deutche Bank downgrade to Sell.

"Man Group plc announces that on 19 December 2011 it purchased for cancellation 2,315,000 of its ordinary shares at an average price of 124.5946 pence per ordinary share."

This has been going on for quite a few weeks now, so at some point the brokers will have to review their figures and maybe change their stance.

I think they should have waited a while longer Harry.

Difficult to judge.

I am waiting for 110p.

shorters paradise!!

right on gibby.

Freefall..

Bounce coming?