Dignity Share Discussion Threads

[melody9999] 27/6/2007 00:22

india - agree with that! thats why I'm still here, watching the price action and looking at the technicals.

[india93] 25/6/2007 13:39

melody - wether you use graphs or not , this is not going down on fundamentals. this is going down on more selling pressure than buyers can absorb on the overhang.

why they are selling is another matter!

[melody9999] 25/6/2007 13:02

oversold now IMHO. certainly RSI / stochastic point to that and no company news I am aware of that would reduce value fundamentally. looking for a consolidation around here before moving north.

[india93] 25/6/2007 12:00

mryesyes

far too cheap at £7 ? is that what you are trying to say ?

[unimog] 25/6/2007 10:40

fox....that could help the share price .lol

[foxtradings] 25/6/2007 10:35

All gone a bit quiet in here....... hope you havent died!

[gorilla36] 25/6/2007 09:45

price collapse

[mryesyes] 24/6/2007 23:32

It has fallen because it simply became overpriced. Beautiful stock but everything has a price on the stock market and this simply cannot stack up at £7

[redm1re] 22/6/2007 09:39

Doh, should have seen that before posting

[analyst] 21/6/2007 20:23

Fall presumably due to the Institutional dump of £10,000,000 worth of shares.

[redm1re] 21/6/2007 20:05

Indeed it does look close, though still weak too.

Must admit I did not expect this to fall so far. In the meantime I have used the funds for another recent faller, GSK. Waithing for the uncertainty to clear round RBS too.

Ho hum time will tell

[melody9999] 20/6/2007 22:28

Looking close to that now Redmire. On the trend line and the added assistance of some strong support around 660p.

[redm1re] 15/6/2007 20:20

I have no real asnwer for you I'm afraid. I would suggest summer blues too but we have just had three strong days on thw wider market.

I sold when my profit evaporated and am now keeping a watching brief looking for my re-entry point, which I will doubtless miss!

[flips] 14/6/2007 12:11

Any ideas as to why this is falling? As far as I an see the directors haven't sold; is it just summertime blues?

[redm1re] 05/6/2007 20:24

Oops what did I say?

[redm1re] 04/6/2007 20:34

Hesitated to comment after one day but buying seems to have resumed. As you say, hopefully we will make new highs again soon. Bring it on

Whoever would have thought funerals could be so interesting?

[melody9999] 02/6/2007 00:00

here we go again - looking at the chart you can only see this making new highs again in the next week or 2.

[redm1re] 27/5/2007 10:48

Lets hope so, definitely seems to have come off the boil a little of late. Really not sure which way the market will go over the coming months, but feel this one should be a bit more stable than many

[melody9999] 26/5/2007 22:12

Notice Morgan Stanley reduced marginally which might explain recent sideways move. If that is done we may see upward trend resumption.

[redm1re] 09/5/2007 21:35

Quite possibly, but it's been a good recent run.

Feel the whole market is getting a little ahead of itself right now, small correction due before long, though fundamentals appear sound

[verynervy] 09/5/2007 16:56

Looks like shes taking a breather!

[redm1re] 02/5/2007 20:09

I am liking the chart trend here, lets it hope it can keep going to the broker target

[maniac3] 30/4/2007 09:39

They're not holding back really are they!

[verynervy] 24/4/2007 08:57

redmire

Yes - think RBS is another to tuck away and forget - and the advantage of a 4.5% yield at the same time - so growth and yield!!!!

[melody9999] 23/4/2007 19:08

Tipped by UK Analyst. Sorry can't copy charts but here is text anyhow:

So why Dignity now?

Below is the Point and Figure chart for DTY which met my scanning criteria back in December. The scan looked for stocks with Upside Price targets where the Reward to Risk Ratio is greater than 3, where the shares are in an uptrend and the upside target is at least 10% away. In running this scan in the Updata Highlighter I got 40 stocks that met the criteria in a few minutes. I narrowed this down by a further 20 stocks by scrolling the charts with a line chart with Relative Strength and On Balance Volume on (chart above). The Top 10 were chosen based on my gut feel of what looked best in these last 20.

Now the Dignity Point and Figure chart had all the characteristics you would want. A long column of Xs showing uninterrupted buying thrust. More and more buyers coming in all the time with very little profit taking. There is an upside targets of 860p which then 31% away from the price. Everything looked great propelling DTY into our Top 10 list and having told Tipstracker Members my Top 10, I duly bought the shares myself the following day. I must stress - I still own shares in Dignity.

Another interesting point on Dignity is that their market capitalisation is now in the FTSE 250 territory, so soon the shares will become much more attractive to institutions.

So why am I telling you about Dignity now? The main reason is that this is one of the few December tips that hasn't moved a great deal. We tipped the shares at 659p and they have only crept up by 10% whereas most other stocks are up in the 20s and 30s in percentage terms since then. In short, I believe it is now Dignity's turn. Looking at the latest Line Chart with Relative Strength against the market we see how Dignity is starting to break and run now. The shares are well capable of the projected target. The price has decisively made new highs this year, as has the relative Strength and the Cumulative Volume trend is good as well with no signs of any real sellers.

So what stop should you use now?

Now the target is still nearly 140p away and our Optimised Stoploss is at 665 now - around 60p downside. The P&F stop is now 650 so the upside clearly outweighs the downside. The best stop is 665p here so you have 140/60 (2.3RR) - not quite our 3 to 1 ratio, but still good for 20% upside from here.