Ripley94
30 Oct 2017
Re: Stopped out I have not looked at this for a wile noticed it above £1 and placed a limit slice @ 103p.I should have looked in here first as i am aware of a few posters and can see they are expecting a move further upwards . ( i see sells @ 104.75 )Hope so as i have loads of em.R
onedb1
30 Oct 2017
Re: 107p close I have 104.1 - 104.6 on my trading account ( CFDs ) Happy today , it was coming . Now would be nice to not get this too over heated and gently rise towards 112.5 / 120 then 145ish That would make this year spectacular trading wise
shugg1e
30 Oct 2017
107p close Is that a correct closing price ffs?Last time i looked it was 104.5p
Nice to Michu
30 Oct 2017
Ton Up ! Nice to see..The last time I used this darts lingo on this LMI board I subsequently got to say ton 50 up ... and 2 ton up... unlikely it will be the same again this time but one lives in hope.. ( and I use the lingo for the second time only now because there is a chance of deja vu again now imho : If PoP/PGM obliges over next three months and the strategic initiatives are transformative and the rand continues down versus the dollar, and year ends are further progressive...well there is a chance imho)Towards balance, I hear shugg1e too... as this generally falls off a cliff when it gets to 100 odd p .. but, per my afore ton quotes recollection, not always )
onedb1
30 Oct 2017
Re: 100p on the offer. Hi Shuggie I don't . What makes you say that ? I was in , in the 70s and moved my protective stops up above that now I see this doing well as Rand is down and we know from the interims, numbers are better and improving I have been bullish from the basing . As posted several times lol You in right ? am very happy with this so far .
shugg1e
30 Oct 2017
Re: 100p on the offer. when do you see it going back to the 70s?
onedb1
30 Oct 2017
Added ( no message ) Nm
onedb1
30 Oct 2017
100p on the offer. Pass that and I will add. As I can't see much resistance till 120p, bar an area around 112.5. Thereafter 141-145 . In time no rush . I raised my stop to the 50sma now. So from the 70s am now protected , bar a gap down obviously .
onedb1
27 Oct 2017
Got corrected immediately After the USD/ZAR spike on data it went back to a lower day currently down 0.5% ( the fx ) Still up at 14.16 and I'd expect volatility to continue given that traders will digest what to do with the 3% print ( USD GDP)
onedb1
27 Oct 2017
USD GDP 3% so better than forecasted Reversed today's USD/ZAR losses which is relevant to Lonmin as costs are in ZAR Those paying attention to FX will know this is as a continuation of the bullish USD/ZAR movements of the past 15/20 days . If the correlation is not missed am still on for a test of 100 and if or when passed next stop 120. I agree with the Editor there is an area around 112p as possible resistance but I don't make much of it i.e. if I look at volume traded around those levels I don't anticipate the strongest of resistance levels. But they are right and accurate to point it out. Post 120 , am looking at chart 141.25 chart or 145 ( Penhome marks this level as an Ichimoku target , on further work I noticed it equates to the 50% retracement High/Low too so a level to watch out for as several indicators are converging towards it . So for now am happy to stay long , would add that an indicator I like to be on the right side of i.e. the Parabolic SAR is also bullish at the moment . Above 200sma ie at 95ish this is going to be a good end of week sign IMO> Lets see , but since the basing it has performed well and I think technicals read the situation well here .
Nice to Michu
26 Oct 2017
Re: Rand took a beating today All things already said, said I think that Platinum needs to rally from here in coming weeks to allow this rally get really interesting...still, interesting is n
II Editor
26 Oct 2017
NEW ARTICLE: Trends and Targets for 27/10/2017 " FTSE FOR FRIDAY (FTSE:UKX) Since seeing a UFO above our office in Argyll a couple of months ago, literally every evenings analysis work finishes with a wander outside to look at the sky. It's Scotland of course, rains a lot. And is cloudy ..."[link]
onedb1
26 Oct 2017
Re: Rand took a beating today To think that I was posting about the base as a good time to top up... My personal track record keeps on doing the talking ... 200 SMA not only beckons but its being broken , hopefully we see it move above and stick , that I can't forecast. Should this pass 100p (just a psychological level IMO ) , big if , then I have 120p as next target level . That would make me happy . As my thinking is that the 200sma is resistance there after chart resistance is about 23p higher . Given that Rand , Platinum , Palladium , cost cuts ( i posted lately ) Rhodium and the other metals are mostly all up in a good uptrend , I will stick to my guns and stay long and add even post 100p Am also quite happy with this as a while back I posted i wanted to spot the next FXPO .. I had 2 candidates LMI and WTI , ( I chose LMI for now ) So to conclude I'd love a move that keeps us above the 200sma as in my book that is bullish . Fingers crossed
Nice to Michu
26 Oct 2017
Re: Rand took a beating today and LMI is indeed up nicely this morning... I topped up a little just now. And I'm thinking that ex rates are too very important here.. I first thought PoP was the key driver and then had to include other PGM prices too.. and then ex rates.. and of course productivity and wage costs are crucial.. so many ducks .. not to mind lining up but the relative importance of each...yikes : incomputable for me: double yikes.Good LUCK to all holders her
onedb1
25 Oct 2017
Rand took a beating today Very positive news for Lonmin as costs are in local currency vs revenues in $ Will post the charts later but the over 2% move above the usd/zar 14 level is very positive . Like a rally in platinum . Debt to GDP ratio in South Africa is worsening quite quickly . Spike today was pretty big . The trend since basing is quite obvious to spot . I continue to remain long here till the trend breaks
