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 :-)) ?

The H & S being formed is now bouncing back after a double bottom formed

Hope you are right Joe, and not yet another dead cat. I'll have a dabble if or when sp is over 100.0 and more apparent they are turning the company around. Good luck in the meantime.

Presumably you chartist guys would say that if the sp clears the 200 DMA & holds,we should be in for a concerted upward trend?

sp moving up,new CEO and final results due end of FEB, worth a look?

wonder when the t/o will happen

Money to be be made here. Anyone know how the AHL fund is doing lately?

little way to go for me but getting closer. good start to 2013.,.

In on the spreads yesterday chaps @ 87.8 only a small punt though, still a bit wary. If turnaround genuine and not the usual dead cat, could be a good stake builder in progress. Won't hold my breath just yet then :O)

I agree Chris -
Share price may now be healing as -
Is it Evolution fund system seems to be being incorporated into is it AHL fund ??
Plus new CEO. I hope it recovers to about 120p shortly

What a day today pulling out my hair -
Went short on 60,000 shares at 89.20 looking to buy back at about 87.50
Instead of going down went up to 91.90
Then at end of day back down to 89.30
Still in hoping they will fall back a little tomorrow for a small profit.
I always seem to have high risk going short = it is not recommended
Hope to buy back big time nearer 87.50 to hold for some months

AHL fund up .6% over the past week, new funds to be set up.

Looks like we may have turned the corner and time to start averaging down on a rising chart, possibly?

UBS note today:
"Adding Man Group to most preferred: We are adding Man Group to our most preferred list. Following December’s change of leadership, we believe that management could announce material strategic changes on 28 February (FY results). A review of the company’s distribution capabilities (downsizing and/or adding product at minimal cost) looks likely. Long term, we believe a sale of the company remains a possibility. Please refer to our detailed note, Riding the GEM wave, for more details. We also see the recent 10% pull back in the share price over the past two weeks, while AHL is up 0.2% over the period as an entry point. AHL is at c.9% from high water mark.

Valuation – Man Group at a discount, Schroders have re-rated most Man Group trades on 12.5x, Schroders on 18x and Aberdeen on 14x P/E 13E. Man Group trades on 9.1x EV/NOPAT, Schroders on 13.7x and Aberdeen on 12.9x EV/NOPAT 13E. Since 1 June 2012, implied FY13E management fee multiples have re-rated by 38% at SDR to 15.7x, 4% at Man Group to 5.6x.

Mr Roman was instrumental in the hiring of J Sorrell, who subsequently became CFO and announced the second costcutting phase, totalling US$95m, bringing the total cost reduction plan to US$195m. We believe that there is scope to further leverage distribution by adding product and/or reducing distribution or adjusting the manufacturing base of AHL, and would not be surprised by such an announcement on 28 February. We also believe that a sale of the company remains on the table. Man Group retains a strong manufacturing and distribution franchise, with the main issue being its insufficient scale relative to its distribution footprint. In the long term, we continue to see merit in a potential sale of Man Group to a large US asset manager seeking distribution in Asia, or increased exposure to alternatives. Man Group trades on 10.9x EV/NOPAT (run-rate numbers, assuming US$357m for the run-off of guaranteed products)."

Flippin' 'eck........a quid!

Ssshhhhh, you might frighten it away.,.

No worries Bb. Sailing away at 103p now!

Hi Harrycat,
Do you still hold SEY?

I don't. I get news alerts and keep them on my watch list, but am not currently invested in SEY.

Stop to 97.8 to lock in + 10

111p now and all of the DMA's turning up to hopefully start a trend.

Looking good Houston!