Andy Reilly
12 Nov 2015
Re: Bullish Div Another big volume sell day, but the SP has dithered around 60p, going to 57.5 earlier. I get the feeling that some insti is selling into any up tick as there appeared to be a big sell at the end of trading. Markets having a more volatie time today, so its going to be interesting to see how PDL reacts tomorrow - glad I only took a small punt to date, but clearly there are some considering its a buy at these levels. I wish my TA skills were a little sharper, but not doing too badly SO FAR -
Andy Reilly
12 Nov 2015
Re: Bullish Div S - looks like your were right about a lower SP level. I wasnt up earlier this am, but the SP dipped to 58p ish, so I assume your buy went through. Interesting to see whther the SP can bounce back to the 70p level. At best I would be looking for 15%, as I dont think 20% (around 72.33p) it very likely, but I live in hopes.This definitly a duck and weave market at the mo - best of luck ARPS it looks as though there are lot of PIs having a small nibble (like me) as there are a lot of small trades so far today.Also, not sure if the increased volume from Nov 4th to 11th qualifies as 'capitulation' but clearly quite a few rushed for the exit in that period.
Shotry
11 Nov 2015
Re: Bullish Div I've moved the limit buy up to 59.5 as it looks somewhat better. Have also entered a small SB at 60.25. There are sensible reasons to try this out. It'll either work or not
Andy Reilly
11 Nov 2015
Re: Bullish Div S - well I had a little punt and bought 5K PDL at 60.3278p with cost! Just a dabble, but happy to add another 5k a tad lower if needs be. Had another look at that bullish divergence, and it looked a little more convincing today with a lower entry point. Lets hope some insti isnt unwinding their holding in the background - absolutely agree with your approach. Best of luck -
Shotry
11 Nov 2015
Bullish Div Agree with Bt on the bullish Divergence on daily chart.4h chart really doesn't look good (MACD diverging) so I'd have said no rush to enter. However, we are approaching some good potential support areas on daily/weekly/mthly and the mthly and weekly TAC-DMI (ADX derivative) could be moving towards a signal for a change in direction. The daily is not and the 4h is pretty negative. Going to be interesting to see how this resolves, i.e. over time (not too much further price movement) or with price. My guess is that we're due a bounce. It's even possible, looking at weekly/mthly charts that the trend might be close to changing. I've set a first buy at 57.5. I'll watch closely and would be happy to start speculatively accumulating around these levels. I'm not an investor however and won't be holding for a long period.
Andy Reilly
11 Nov 2015
Re: Newsflow.. `In line... bt - I was looking at bullish divergence on the PDL chart yesterday, and on your second link it seems clearer. I couldnt see too convincing a divergence on the chart I was looking at, but it will be interesting to see whether the 60p area does offer support. It certainly isnt a pleasant ride for holders currently.
bulltraderpt
10 Nov 2015
Re: Newsflow.. `In line... Better chart:[link]
bulltraderpt
10 Nov 2015
Re: Newsflow.. `In line... Bullish Divergence?[link]
Andy Reilly
10 Nov 2015
Re: Newsflow.. `In line... fl - well PDL pressing lower again, and 60p support not far off - cant remember when I suggested 60p could offer strong support, but its not far off. Markets have recovered strongly since the Aug mini panic, but PDL's downtrend has continued regardless.No doubt it and the sector will probably take time to recover, but whether Markets go into a more serious decline next year is another matter. Unfortunately not the best background for recovery -
nk1999
08 Nov 2015
Telegraph- Questor "The Questor Column
recious gem miners are looking good value: The prices of precious gemstones such as diamonds, rubies, and emeralds, have all been hit by the economic slowdown in China. Shares in London-listed gem miners Gemfields [LON:GEM], Petra Diamonds [LONDL] and Gem Diamonds [LON:GEMD] have been in freefall during the past two months, and we take a look if there is any value left amongst the wreckage. The latest bit of bad news came from emerald and ruby specialist Gemfields. Investors were disappointed as production from its 75%-owned Montepuez mine in Mozambique dropped sharply during the first quarter ended September. However, there are reasons to believe that Gemfields can pull through. Production increased from its 75%-owned Kagem emerald mine in Zambia, as did the quality of stones found. The demand and prices for emeralds is also stable. The next auction of lower quality stones is due later in November. Diamond miners have inflicted even more pain on investors. Petra Diamonds has fallen more than 60%, and Gem Diamonds is down 44% so far this year. We wouldn’t be brave enough to call the bottom just yet, but these stocks are not fundamentally in trouble, and are suffering from a wider selloff. Petra, in particular at five-year lows, is looking increasingly attractive. Gemfields is also worth holding on to for the long term as the business is the dominant player in emerald and ruby markets. Questor says “Hold”."
bamboozled
29 Oct 2015
SP Angel comment Investors in Petra Diamonds lack confidence, leaving the share price exposed should worries about Chinese demand persist.The Asian giant represents only about 16% of market demand but expectations were for growth in the mid-teens going forward, making it an "important" growth market, broker SP Angel said in a research note sent to clients.Nevertheless, the company maintained its guidance for the full-year on expectations for a better mix of stones in the second half of the fiscal year.Furthermore, the drop in prices was partially offset by a 13% depreciation in the rand over the company's fiscal first quarter."We continue to maintain that patient investors will be rewarded but may need to wait till better news flow in the second half."SP Angel reiterated its recommendation to 'buy' and target price of 156p.
bulltraderpt
29 Oct 2015
Re: Newsflow.. `In line... Hi AR, Incredible that the sp of PDL held up as long as it did really.Still there is value there, just a case of identifying when.As for Oil stocks again not sure if the bottom is yet in given the price of the stuff, will we see $20 oil as Goldman (I think it is, thinks?) I am not sure, but who'd bet against further weakness ahead? Not me.
Andy Reilly
28 Oct 2015
Re: Newsflow.. `In line... Hi fl - hope you prosper. Not sure what you are saying re charts. To me there has been ample eidence they were warning of troubled times well ahead of many investors awareness, and that was true in the oil and gas sector too, which sent a sell signal as far back as May last year!I found the various brokers comments in the Guardian wonderfully behind the curve - was it FinCap who revised their target price down from 210 to 190p? I'd love to know when they expect 190p! All pretty absurd, and why I merely note brokers views!So in my book the chart has offered excellent advanced warning signals for PDL and a lot of oilies which if heeded would certainly have avoided a lot of the pain currently being experienced.Anyway, as to your questions, ask the easy ones why dont you! Personally I dont think there will be such a juicey bounce as the previous recent one, but the chart will eventually show when sentiment is on the turn - my guess is it could be a good few months, or Summer 2016 before a bottom is in. ATB
forwardloop
28 Oct 2015
Re: Newsflow.. `In line... Hiya AndyNah, the chart reflects well known and on going circumstances in commodities & diamonds & this company in particular! eg see[link] bottom then, when the share will get support on the charts? When might buyers think the benefits are worth the risk? And will the companies debt & diamong market prospects coincide? FWD
Ripley94
28 Oct 2015
Re: Here we go Again
