Emap Share Discussion Threads

[clocktower] 22/3/2001 16:46

Another healthy day for you Luthor. With markets as they are it is hard to even try to call a bottom. Everyone seems to be sitting and waiting and watching the drift downwards with the confident shorters winning the day.
Thanks for your views. I thought it was time to respond.
cheers

[luthor] 14/3/2001 10:12

Well, EMA does not look at all healthy - I've been short at 823 after the development of a 'hammer' and the cross-over of the stochastics around the 9th. The downward trend was confirmed by two large black candles over the last two trading days which forcefully announced that the bears were back in town.

There is a resistance level at 760 and if it breaches that then the year's low at around 739 is more than possible.

However, it is currently trading below the lower Bollinger Band and the fact that the RSI is over sold it is more than possible that in the next few days we should see a retracement to around 800-810.

But as a long term play I must admit I would not invest until I can see something more positive. Currently, the price is below all the moving averages - the 50day is above both the 5day and 20day, and the 20day is above the 5day.

Regards Lex.

[vbdata] 14/3/2001 09:05

Thanks HarryKewill . I will watch it carefully over the next few days as I am close to my stop loss.

[clocktower] 14/3/2001 08:50

Still dropping like a stone but had to follow rules of stop loss.
However, if would have hung on in till March settlement it may have looked good.

Now what price Luthor?

[harrykewill] 13/3/2001 16:55

at a guess the recent speculation about disposing, or otherwise, of its US operations could have taken a few twists and turns withouth actually hitting the headlines again - otherwise just general bearishness?

[vbdata] 13/3/2001 15:46

It would if it was a tech stock but it has been riding out the recent falls quite well.

[muchos wonga] 13/3/2001 15:43

Err......

Dow down 4% yesterday and NAZ down 7%. Does this answer your question?

[vbdata] 13/3/2001 15:42

Emap is down -53.0 -6.2% today but I can't find any news why.

Anyone got any ideas ?

[clocktower] 22/2/2001 09:04

adamh justto let you know, i closed my position yesterday and took it on the chin. Still pleased to say things have gone a lot better shorting a number of banking stocks of late. As always its a case of timing.

Still fancy this for a sharp downward movement, having done my research I do not like the stock.

I almost hung on following your comments Luthor, thanks for your opinion.

[doctorbird] 20/2/2001 22:03

Luthor, Thanks, I'm impressed with the breadth of your coverage. Is that a shooting star tonight?

Andy Backhouse, You started this thread, what do you think of the story so far?

[doctorbird] 20/2/2001 12:46

You were quite right Luthor, the wedge has broken and the move today has passed 850 as you said was likely. Inasmuch as the wedge has formed immediately above the October - January range I understand that this can be regarded as confirmation of the range breakout and augurs well for further rise. Do you support this view?

[luthor] 20/2/2001 09:25

Doctorbird, you are right up to a point, but I would be worried if I went long on Emap at this stage. I think the breakout of the wedge is a classic 'Bull-trap', that is, the price broke out of a resistance with very small volume. At some stage, very shortly, I would expect it to fall back and break through the 850 resistance level.

There are other negative signals -
1. The momentum is still stagnant
2. The candlestick charts show a confluence of small body candles. This implies that there is still a struggle between the bears and bulls. From the first week in Feb up until last week the bears were slightly ahead but within the last few trading days the bulls seem to take the lead. But I think they (Bears) are really taking a breather before coming out again to fight.

However, I don't think it is all gloom and doom. The moving averages (5, 20, 50 day) are all going in the right direction. If you look at the 1 year chart you will see that the shares are in probably the final stages of a 'cup' formation. And I think when it reaches 900 you could look forward to it challenging the 1225 mark.

As a long term play it has good potential and I would be keeping an eye on this one.

Hope this helps.

Regards Lex.

[adamh] 19/2/2001 16:48

Clocktower, My sympathies....But It is starting to look a bit like its gonna break
north from its range....
I don't know what the papers said, but Sunday tips usually fall on a wednesday
as all the buyers are filled, might be worth waiting and checking out the
afternoon action then

[clocktower] 19/2/2001 16:31

Mail on Sunday article seems to have had a positive result for EMA. I was tempted to get out early this morning but deceided to hang in for the moment.
May close and take the loss again on this one.

[clocktower] 14/2/2001 14:17

Almost got stuffed with the extra wide spreads. Still in just and going the right way.

[luthor] 11/2/2001 21:17

Emap has been struggling since last Nov to get past 850. The 20day MA is currently trading below the 50day so it's still in a downtrend and the small volume shows that it will still be struggling for awhile longer.

But the fact that it's been trading horizontally since mid Oct suggests that it's reached the bottom and the next movement is likely to be upwards.

The current formation looks like a wedge which when it breaks is likely to move it past the 850 level.

But on current trends it is possible it would see 750-800 before it moves up again.

Regards Lex.

[clocktower] 09/2/2001 13:10

Did not reach my stop loss price, so still in adamh.

[clocktower] 02/2/2001 13:19

At this time the order book looks like it could go up a long way if it pops 820 but I am off on business for the week and will take a chance that when I am back next friday things will be looking brighter and I will be a little richer. I have a stop loss position in place, so I am aware of worst case situation.

[adamh] 01/2/2001 11:07

Good luck with it ClockTower, but its now well back into the range, having
failed on the breakout south, Which was the original reason for me to short.

I'll keep my eye on it but doubt I'll join you

Adamh

[bnp] 01/2/2001 09:42

I think it is dengerous to go short at 820p, it is in a middle to top trading range.If it reaches 850p then that would be good time to go short.That is what I am thinking.

[clocktower] 01/2/2001 09:26

adamh,I am going short again today as I think your view is correct, its just getting our timing as always.

[yas0] 31/1/2001 08:07

sparkie....

youre more or les right.....
the book looked strong when i closed out but i did it for different reasons....
it looked well bid at above 800p and there were no serious offers up tp 900p so you could well see a further rally.
no that was not my trade at 1558
anyway i saw more upside quicker in bt
got to fly

[bnp] 30/1/2001 22:58

Recent high on EMAP is around 835-840p
It shoud reach there soon.
Also tipped in OBSERVER.
I bought it at 760p , sold out at 795p. BIT EARLY!!!!!!!!