On 3rd July PFC announced that it was trading well ahead of expectations. Not surprisingly, sp jumped but has now fallen back pretty much to the same level as before the announcement.

While perhaps not as exciting as finding the next Cairn, remember that in the goldrush days, it was rarely the prospectors who made the money, but rather the suppliers of the spades and tents and stuff - e.g. Levis if memory serves me aright.

Agree with you Mr C but not everyone has the same trading/investing style as you. Personally I have a balance of both 'lower risk quality' and 'high risk speculative' with sometimes a fun punt for good measure.

Each to his/her own I suppose.

Anyway, been checking out the PFC investment in the Middle East area and they seem to be 'on a roll'. Long term contracts and building on existing projects.

All good stuff.

you're right ..... this is a really first class company in the right sector, as i keep telling everyone ...... i happen to trade but it is also a very good long term portfolio stock

sp faling (consolidating) from quite an overbought rsi ...... watch for buying opportunity especially if fall takes us back to 25 dma - currently about 425 and rising quite sharply




red= 25 dma
green = 50 dma

i repeat my advice from a couple of days back, especially now rsi is almost neutral

sorry chaps .... seem to have got my (own) buy-timing wrong here ...... certainly no untoward news, so if sp hits rising 25 dma (about 438 today), then i shall probably top up as overall i am still very bullish about this company and see no reson to change that view.

Personally Cynic, I think you put far too much reliance on MAs, especially the shorter terms ones. Much better to use trendlines, support & resistance with the appropriate indicators. This particular chart has a nice bullish trend and I for one would much rather rely on that. IMHO of course!

pth

i fully concur, but i do not have the necessary software ..... what do you recommend, and would it be user-friendly to an aged numbskull like me?

Cynic, I now use Sharescope, but it aint free! For the last few years I have used the old fashioned method of printing a chart and scribbling on that. There are some free packages out there. You could try:

http://www.prorealtime.com

pth

didn't ask for it to be free, though us yids have been keen on freebies ever since The 10 Commandments were on special offer! ..... my only demand is that an idiot like me will be able to use with ease and interpret what is shown

it seems IG offer a pretty good (and free!!) chart option on their site so will take my m8 out to lunch and get him to give me a tutorial onit

IG charts seem to be the same as Prorealtime

in that case, i reckon i'll opt for the freebie! .... lol

They are both free, der :)

i thought proreal charged after 7 day trial

Nope, I think that's for the real time data version.

well at least i can access IG's stuff already (just seen that it is realtime anyway) and M8 can teach Numbskull how to use it properly ...... that said, when he does his own charts, they are much more sophisticated, following something called GANN theory

Very strong buying pressure forming a support at 428 /431p level with a strong "BUY" indicator at around 438/9 ,,,,,, But a small yet growing pocket of selling pressure at 458/461p level .But unlike the robust support levels i would not yet talk of resistance of 460. What with a nice order book with some attractive contracts thier next interims should be most welcoming . .and prosperous hopefully ...@+ J ....................................OT .Despite having access to the most sophisticated of charting software. l much prefer to simply use the basic tools of any half decent platform but do the real " number crunching" myself. Personally i find i get a better "feel" for the nuances of the stock . .Agree with you PT reg trendlines but i dont believe support or resistance can be established without EMA's & MDA's ,,,,,,,Hey PTH did you see that despite the fall in prices of most imported goods there has been a rise of almost 14% in imported fish ....

good to see PFC back in the news with a new if fairly modest contract ($18m) .... sp has dipped a fraction below 25 dma and with rsi now fairly neutral, this could be a good time to buy into this quality company

i recollect a sell note coming out only a few days ago .... if that memory is correct, that broker looks to have got it wrong .... today's closing is smack on the all time high which often gives time for a pause .... however, do not be surprised to see it ignored.

quite a record for me, for i see i have been ramping (no need - lol) this quality stock since end July 2006, and see no reason to change the tune.

in today's pretty dull market, good to see this second-liner ticking upwards again and (just) into new high ground ...... ditto CSR (qv) performing well