Filtronic Share Discussion Threads

[chestnuts] 17/12/2018 17:15

Beeks

I wont go int technical numbers why the share price will go to 5p its just that tje 8.2 support as broken next support is 5p ish,
No one took any notice when i posted that share price would go down so why should any one believe me now.

[chestnuts] 17/12/2018 17:08

Teddy

If you look back at my posts IG wont let you short FTC as i was going to hedge my position, so i sold and i am not short, and since no one believes that charts works how can my comments effect the share price .

[owenski] 17/12/2018 16:51

This is a bargepole stock that's now in the red from losing the mMiMo contract and you think that because someone mentions that fact they must be shorting. The damage is done, you misread the situation here and were ramping it to death. Get a brain and grow up.

[teddy boy1] 17/12/2018 16:43

Seems to me that Chestnut is not the only one on this forum who is shorting this share.They all seem desperate to me, to try and get the share price to go lower!

[volsung] 17/12/2018 16:12

Thats me shot of the lot of them. Absolute disaster of a share

[owenski] 17/12/2018 14:31

bargepole stock, will be raising cash by Feb. next year if not before, they've done this before and on the back of the same boom and bust business model.

[teddy boy1] 17/12/2018 12:48

I have a very strong suspicion that Chestnut is shorting this share and 5p would suit him very fine !

[beeks of arabia] 17/12/2018 11:46

From the company reports it seems that they can trundle along quite happily for the forseeable future as-is.Chestnuts - I find it quite distateful that you are talking the company down as you have indicated it's a buy at 5p? And if it reaches that i presume it will be a stonking buy regardless of change in situation eh? The chart may have panned out this time however its down to fortune, not any particular gift from the charts.

[teddy boy1] 17/12/2018 11:35

CHESTNUTS -I also do not believe that charting works in last weeks situation. In my opinion you just got lucky with your "prediction" It will take a lot more than this to convince me that charts should form any major part in investment decisions. !

[chestnuts] 17/12/2018 09:22

Owen

The business might not be in trouble at the moment but unless it gets more orders it will be and quickly, we need to know what is happening with 5g antennas marketing

[knowing] 17/12/2018 09:15

Beeksy can't say I have missed it (You) Merry Xmas

[owenski] 17/12/2018 09:09

Personally speaking, I think this business is in trouble.

[pictureframe] 17/12/2018 08:01

Charts added with volume often give you a heads up of where the price is going.

[brucie5] 17/12/2018 07:22

Good commentary. To that list add TERN.

[chestnuts] 16/12/2018 23:51

Knowing

I didnt know there was a Toptraders thread as i normally buy and hold but in a bear market i have been trading, so its not me.

[knowing] 16/12/2018 23:46

Is this the same Chestnuts from the TopTraders thread who was a serial ramper and has now become a chartist?

[chestnuts] 16/12/2018 23:40

Beeks

I can show you how the past effects the future

For example my mate Pine holds ITV and i told him a few times that the share price was going down now the pattern on ITV is nearly exactly the same it starts with a head and shoulder it broke through the neck line then the 4th wave is a triangle ie a flat bottom triangle and it as broken through the bottom and now its 129 i have shorted it but i am nearly sure it will go up and test the bottom of the triangle at 140 and when it does i will open my position again the share price if i am correct will go down to 60p

[chestnuts] 16/12/2018 23:21

Beeks

When the price fell below the neckline on agm news the pattern showed a head and shoulder hence price then showed a bottom of 8.2p, top to neckline then double it gives 8.2p, but the right shoulder was a 3 wave correction then a 1 wave down then it bounced to 21.5p ish the price went past the neckline and normaly price just goes to the bottom of the neck line so then i realised that it was making a triangle which normaly is abc or abcde
So when the price went back up to 20p i guessed it was only going to be a an abc hence the chart and my remarks about the agm statement i was hoping people would take heed and take profit,

I was going to buy back in around the 9p as i was expecting the share price to bounce as i had no idea what the news was going to be , but the news was so bad it crashed the share price and i think it will go down to 5pish now which is support

[beeks of arabia] 16/12/2018 22:04

You actually stated it would bounce at 9.2, however we won't split hairs eh!

I'm sure charting "works" in some situations, however i'm still baffled as to why it predicted the news and then a drop to 7p. It's not possible, as the charting relates to past data - it can't see the future.

[chestnuts] 16/12/2018 16:39

Beeks

Did i not put a chart out just a few days before stating that FTC price was about to drop to 8 p, i stated i didnt know the news just that the news would not be good , hence the drop.

I am shorting Natural Gas at the moment and have been since the price dropped out of the symetrical triangle,

Chart patterns are there and i have spent many yrs studying them and its surprising how accurate they can be.

Going back to FTC and 5g which i know is coming its around every 10 yrs that they notch from 1g to 2g to 3g to 4g and now 5g so mixing fundies with charting works

The chart pattern when i bought into FTC was an inverse head and shoulders so i knew it was time to buy, then ftc di a golden section which predicted the top , which i took no notice of and should of as i was listening to fundies now the chart

I could go on, I am into RED at the moment and the fundies look brilliant and the retracement on the chart says its had a zig zag [attern and then a flat I added to my position at 4.75 and from here it could make triangle pattern or go straight up , i will watch and wait for news on this.

[corrientes] 16/12/2018 12:33

Surprised on the downside, but with this company, which surely csn't be totally clueless as to what's happening in their sector, could equally surprise on the up
side.I hope LOL.

[chestnuts] 16/12/2018 10:57

Teddy

I have full respect for Beeks and Kazoom, but you cant rely on other peoples work or instints and if they want to buy now so be it they know the risks, read and read and more reading.
For instance when i sold out after the Octo statement i had no idea that ftc would put out a statement like they did but, they were warning shareholders that things were not as good as the share price was indicating, and what i knew was that the charts were saying 8p or lower, Beeks didnt believe me when i posted the chart, he does now, personaly i would wait for 5p