Marchpole is one of those stocks which have had a really bad time. Boardroom battles, losses, price collapse, profit warnings up the ying yang.

Now all of those things seem to be sorted out, new management are getting to grips, new contracts and the price is on the up. So much so that Monday ought to see a 50/200 day MA golden cross.

DYOR of course, but I think I will be putting a few of these away at the open.

Socco

welcome Grevis2 nice few posts reminding us why we are here.

28p buy just gone through !!

capa

capa: Thanks! Up 12 % and more to come no doubt. Will it break the speed limit today?

And up she goes again. Spread now 28p v 28.5p.

if it keeps on like this , then i guess i owe you a beer , capa.

up and down like a yo-yo on massive volume. Suggests to me that the day traders have arrived, now when shall I buy some more ?

capa

Buyers are flooding in again. Just topped up at 26.6p

Got a few more myself at 26.70p

capa

Blimey this shares on drugs today :-)

capa

Back up she goes.

just getting the "what happens if thus de-list" threads moving further down the page

capa

if you wonder how far this fashion stock can go, take a look at asos (asc)!!
It looked expensive at 15p a few weeks back.
Makes a change to see a bit of blue personally speaking!

It's been behaving like a YoYo, but up nevertheless.

Up on massive volume, a very good sign.

I think we have to get used to these topsy turvy intra day movements for a while, but they do provide some excellent buying opportunities. This now represents my biggest holding.

capa

capa: Did I read somewhere that these are tipped to go to 40p?

Grevis - I don't know that they have been tipped with a price target. They have recently been tipped by IC, Shares, RHPS and City Confidential as buys but when the price was below 20p.

30p has always been my short term target, not that this means I will be selling, these are a long term hold and 40p by Christmas is not at all unrealistic imo.

capa

They were also mentioned in Money Week from 16/7. But was just basically repeating what was said in IC I think. No price target was mentioned.

Thanks guys!

FWIW: Tipped to go to 30p by Red Hot Penny Shares and the same target (by Dec) by Mark Watson Mitchell

Looks as though that could be low after Trading Update

Seems as though 30p is a near target in that case. Tomorrow perhaps!

Good support today. Got close to 29p before profit takers knocked it back. Bottom fishers should see an early recovery and with luck 29p will be tested again. Good luck!