Re: LAM Chart ... commercia - good decision.bulltraderpt - You probably do not understand Lamprell's business model. 2015 order pipeline is already secured - i.e. it will be profitable. 2016 and beyond is at risk unless they can secure enough orders for those years.
Re: LAM Chart ... Profit warning?They are basically saying that *profit* will be 10% less next year than estimated. So they will still be profitable.__________ __________ _Read the rest of the RNS..
Re: LAM Chart ... Hi DurbyI reluctantly sold in December banking a very decent profit, could have been a lot more if I sold back in the summer. On sidelines for the next 3-6 months here as it is only going to go lower. I hate to say it but Lambriniboy's guesswork may just come through in the coming months. I suppose if you punt out lots of targets, some will come in
Re: LAM Chart ... Profit warning?They are basically saying that *profit* will be 10% less next year than estimated. So they will still be profitable.
Re: LAM Chart ... >>What makes you think 66p LG? Its not bad a company, I cant see less than £1 personally.<<95p..
Re: LAM Chart ... Profits warning today...
Re: LAM Chart ... oceanfree - did you speak early?
Re: LAM Chart ... Lucky your lines are there Durby - its holding the price stable while everything else oil based is falling.Seriously, why is Lamprell holding up so well?
Re: LAM Chart ... Here's the current chart by the way. As predicted by the chart, price has been mostly confined to the two parallel lines I drew in the previous update.[link]
Re: LAM Chart ... What makes you think 66p LG? Its not bad a company, I cant see less than £1 personally.
Re: LAM Chart ... target 66p
Re: LAM Chart ... Oceanfree -a) I see the share price oscillating between the two parallel white lines until there is a breakout in either direction. So that's the short term trading range.b) The charts I posted was to highlight where I think the price activity is going to be over the next week(s). I also posted an updated chart end of the week to show where the actual price activity was vs. what I predicted and also the prediction for the upcoming week. See the charts I posted under this thread over the weeks. I have not deleted any of the lines - hence you see many of them.c) I don't use any automated software to draw the lines - I draw them myself from experience. The software I use is to download the end of day market data. It also allows me to do other things.d) With regards to your other questions, I will avoid getting into the debate of fundamental vs. technical. There are tons of books and articles written by people far more knowledgeable than me on this topic. As I said, the lines I drew was in an attempt to predict future price range. Have a look at the week on week updates to the charts and see for yourself.
Re: LAM Chart ... So what do you get from that chart, Durby?Do you put the lines on or does your software do it automatically? How do you know which peaks to join up. You have about 6 lines, but it seems to me you could have had about 20 going off all over the place.Looking at your lines, yellow and blue lines were trending up, then next pair of reds are tighter and growing less fast, then recently (after oil price collapse) the latest line is heading downwards. Only one line now? But that is putting lines on after the event to show what happened - and we know the price of oil is going to affect oil rig builders.What extra do I get from the chart? Interested to know. Does it help with the future, whats it saying? The price is going to go down, unless something else happens?
Re: LAM Chart ... Latest chart.[link]
Re: LAM Chart ... As I said - keep an eye on the white line on the chart! Tried to break the line a few times today, but got pulled back.