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 :-)) ?

Interesting , general market remains bullish then could be looking at an easy 40% upside within 3-6 months.

A full penny up for starters and moving well over 100p, yesterday at the end was the market drop that brought down the stock.

Very volatile at the start as usual on the order book

MRSI - see post 710.

I had a closer look at the 5 days chart and I am reaching the conclution

Someone or a group of shorters are taking a short position every time the share price reaches or close enough 100p.

Most likley they know if it breaks that point the share price will move againts them so they have to supported taking further short

menorca - I am not a chartist, does the gap to 91ish have any significence or is it totally irrelevant?

No reply your worship.

I'm only a learning chartist but my understanding is that the gap has to be filled. Having said that I've been waiting since Jan for the gaps in Barclays to be filled but perhaps there's no time limit on the filling to happen! That might keep you going til his worship replies. I'd be interested to he what he says too.

Chris Carson

re - GAP at 91p

Take it with a pinch of salt but GAPs sometime are filled and other times are not

You have the one at the beguining of January at 84p it was never filled

It has some importance on the mind of many investors, and for that reason some are put off to take a buying position till that point is reached

Most likely in the short term the share price could drop to 95p again for a Double Bottom

But if the market gets nasty then 91p could be filled

There are some support around the 50 days MA lately

Thanks menorca.

The shares have been flagging lately that on any UPTREND this is positive.

shares have been strong since the recovery yesterday afternooon, so is back were it started yesterday morning.

maybe one could say easy down easy up

The trend is certainly on the up

Buy order triggered on the spreads @ 100.68 menorca see what happens. Target 115.0 Stop 89.0.

Some NEWS after closing yesterday ( AHL made 2.1% last week alone) has got the shares moving this morning .........

Man Group plc - 12 March 2013
Weekly Net Asset Value: Man AHL Diversified PCC: Class A Man AHL Diversified (Guernsey) USD Shares
As at the close of business on 11 March 2013, the Net Asset Value of Man AHL Diversified PCC: Class A Man AHL Diversified (Guernsey) USD Shares was US $1.1872
Track Record: From inception on 3 January 2008

Key Statistics
Last week 2.1%
Last 12 months 0.7%
Annualised return since inception 3.4%

AHL was founded in 1987. The net asset value of one of its longest running funds, Athena Guaranteed Futures Limited, is published monthly. As at 28 February 2013, Athena Guaranteed Futures Limited has generated an annualised return of 12.0% since inception on 20 December 1990.

another push this afternoon 103.65p now breaking the previous intraday high and the last couple days

Gap filled at 91, 84 next? then worth another dabble, Hmmmm.

Note from RBC today:
"Man Group (EMG LN): 100p price target; Sector Perform rating.

Yesterday Man Group’s share price rose 6.4% to 93.7p. The FTSE 100 and FTSE 250 each rose 0.6% yesterday. We believe the shares are reacting positively to AHL performance.
Last night Man Group reported its weekly AHL net asset value. AHL increased by 2.1% week-on-week, against the MSCI World which declined by 0.1% week-on week. AHL outperformed the MSCI World by 226 basis points in the most recent week and reached its highest level since 3 October 2011. Year-to-date in 2013 (through 8 April), AHL is up 5.8% against the MSCI World being up 6.6%. AHL is now 7% from high watermark. To the end of March 2013, AHL increased 3.9% over the past year, and increased 2.3% over the past three years. While this longer-term performance is still lacklustre, the recent trend is encouraging.

We further believe that Man Group’s shares could be benefitting in advance of a large dividend payment. Man Group trades ex-dividend 8.26p (net) on 24 April. This represents an 8.8% yield. We still believe, however, as our most recent report indicates (please see attached), that net outflows accelerated further in Q1/2013. Man Group will issue its Q1 IMS on 3 May."

No WAY.

CC
you correctly are aware of gaps in price movement.the chart in
post 723 shows a gap lower than 84.or maybe more than one?
please do be cautious and dyor on gap analysis. correct data is most important and worth paying for.
regards to you
jkd

jkd - Thanks for your advice, noted, regards to you also.

Man Group plc announces certain changes with respect to its regulatory capital position

11 April 2013

Man Group has confirmed with the Financial Conduct Authority ("FCA") the change of its regulatory status from being a Full Scope Group to a Limited Licence Group.

As mentioned at our 2012 results presentation, the Group held a Capital Planning Buffer of approximately $300 million which it is no longer required to hold by the FCA.

Furthermore, in light of the Group's change in status to a Limited Licence Group it has submitted a revised Internal Capital Adequacy Assessment Process ("ICAAP") document to the FCA. The ICAAP is part of the mechanism through which regulated firms are set capital requirements by the FCA. Consistent with the Group's revised status, Man Group's capital requirement is today approximately $250 million lower. This reduction has been possible primarily in light of the less balance sheet intensive nature of the company's activities relative to earlier years, for example with respect to fund seeding activities and the scale of the guaranteed products business. However, the ICAAP submission remains subject to review by the FCA, which is expected in the third quarter of 2013 and could result in higher or lower capital requirements in the future.

As disclosed in the 2012 year end results, Man Group's pro forma surplus capital in excess of the Capital Planning Buffer as at 1st January 2014 is $370 million, after taking into account the payment of the full year dividend in respect of 2012, which remains subject to shareholder approval, and the expected impact of the Capital Requirements Directive IV. As described above, this figure is increased by $300 million due to the removal of the Capital Planning Buffer, and a further $250 million given reduced capital requirements as a Limited Licence Group. Pro forma for these changes therefore, Man Group would have surplus capital of up to approximately $920 million as at 1st January 2014, an increase of up to $550 million.

The Board of Man Group will continue to assess the appropriate level of capital required to operate the business from time to time and the potential uses of any surplus capital, and will provide further detail in due course in connection with future results announcements.