Iofina Share Discussion Threads

[king_roster_iii] 31/5/2013 22:27

Lib you and I are on the same page regarding IOF. :)

[the librarian] 31/5/2013 22:02

I like your scepticism Kr. What I would suggest is that IOF is one of those rare shares where TA can predict it's progress, but bearing in mind that it's future has already been 'mapped' out via the presentations. Of course, trust does come into it, i.e. that the BOD are telling the truth, which is not always the case. It is probably the perfect share for all investors to prove their point from their perspective.

Mine in this case is that it is, and will continue to be a rising trend, so for me, it's buy, hold, and buy again when you can.

[superg1] 31/5/2013 21:45

apparently the inclusion in the MSCI index forces buys hence the volumes today.

Some volume is probably down to the odd rumour too.

[pnetol] 31/5/2013 21:33

Fest , the 815k trade is for the 16.30-16.35 that the market is open for trades to be put on that always closes off at 16.35. I watched it today on L2 and was amazed as the offers to buy and sell at market came on. I have been following this share for almost 18 months and have never seen such volumes on both buy/sell. The other trades I can't comment on I'm afraid. What I would say is that we have built a very solid base here and have already had 2 assaults at the £2.50 barrier, I think that the 3rd one if we have good volume will mean the next pause for breath could well be at the £2.75 level. Just take a look at the amount of churn at this level, if you had bought in at 20-50p and were getting twitchy about still holding then you are likely to have gained a lot of confidence that you can sell your shares at this level whenever you want to.All looking v v positive IMO, the very best of luck to all holders

[germanicus] 31/5/2013 21:00

Splendid! Just back from the pub to see the closing share price & the breakout.....happy days ;-)




G ;-))

[festario] 31/5/2013 20:49

These large trades of 800k and 367k are most likely to have been 'worked' buys for some fund or other by a broker, and not just bought today but over several days.
The order may have just been concluded and declared today.

Now, if they already had a position, or intend to accumulate similar amounts, then we should start to see holdings RNS's in the days and weeks to come.

[king_roster_iii] 31/5/2013 20:48

Lib you tease me, cant quite remember the exact price but it was around 2.30. It was a failure.

At the danger of sounding condescending, I am seriously in awe of the fact that Titus and Scruts have reached such venerable ages. At 42 with half a liver, a desperate need for varifocals and a morning stiffness all in the wrong places, it is not just annoying that their maths is significantly more advanced than mine.

But the truth is that any TA must describe human behaviour and that cant be reduced to pattern recognition and equations - not on a consistent basis. I don't care whether you have a Fields medal in maths its not a credible background. I'd take the premise much more seriously if the field of behavioural economics gave it credence.

It has often been stated here that TA determines timing of price movements not their ultimate destinations....ect. My earlier hypothesis is not proved with one data point (happy to keep posing the question to which Scrutable admirably stuck his neck out and gave an answer) but as far as timing goes this was not evidence in support of TA.

AIMHO :)

[the librarian] 31/5/2013 20:36

I just put them down to someone making a mistake, it happens everywhere else?

[angel of the north] 31/5/2013 19:23

HP - tell it to your mates on CR ramp thread.

[hellopeople] 31/5/2013 19:18

This has £3 short term target.

[superg1] 31/5/2013 19:13

From Vulcan

MSCI GLOBAL SMALL CAP INDICES
The following are changes in constituents for the MSCI Global Small Cap Indices
which will take place as of the close of May 31, 2013.

MSCI UNITED KINGDOM INDEX
Additions
ANITE
BALFOUR
CREST NICHOLSON HLDGS
EVRAZ GROUP
IOFINA
KAZAKHMYS
MULBERRY GROUP
OXFORD INSTRUMENTS
QUINDELL PORTFOLIO
TRINITY MIRROR


Deletions
ANDOR TECHNOLOGY
BEATTY AVOCET MINING
BORDERS & SOUTHERN PETRO
CARPETRIGHT
CIRCLE OIL
CUPID
EASYJET
EUROMONEY INSTL INVESTOR
FALKLAND OIL & GAS
JKX OIL & GAS
LONRHO
MCBRIDE
PATAGONIA GOLD
PERSIMMON
RANK GROUP
RUSPETRO
TRAVIS PERKINS
WEST AFRICAN MNRLS CORP
WILLIAM HILL

[jonnyno1] 31/5/2013 19:06

10 to 15 , what was Rock thinking!

[titus10] 31/5/2013 19:06

The major up-trend is as solid as a rock, this monkey muses, little concerned about minor fluctuations in share price

In such bull trends, in the absence of a black swan event, reactions or 'consolidations' tend to be no more than the pause that refreshes.

It would be hard to find a steadier progression, on my charts. Another minor
reaction like we had in April for 4 weeks would be convenient (for me, at least, for adding to one's position), but looks unlikely now.

Still, those who measure trend momentum, as I do, may still see indications that any absence of news on Monday might mean further short-term consolidation, as suggested by the current triple top and MACD divergence on the daily chart.

We'll see: I'll ride it anyway. Only a swivel-eyed loon would short it, imo.

[superg1] 31/5/2013 19:03

KR

I'm a bit disappointed in Rockstar to be honest. He said 10 to 15p per month on the share price from Sept last year on average. It's been about 25p. lol

[rogerbridge] 31/5/2013 18:43

I wonder if some shorts have close as well.

[the librarian] 31/5/2013 18:36

Allowing for a little standard deviation that is quite impressive Kr. Bit of an own goal really, if you hadn't mentioned it ..... ;-)

[king_roster_iii] 31/5/2013 17:33

Scrutable predicted 260 by the end of May. While it is another data point in support of the hypothesis "TA is less predictive than a monkeys musings" - he may well be out by only a day. But back in the world of hard science, close but no cigar.

[1madmarky] 31/5/2013 17:28

LSE are showing 367k buy at 246.9. At 17.01 today? If true another chunk no longer available. ;-)

[ramu kumar] 31/5/2013 17:15

http://www.jargon-free.com/auction-and-ut-trades/68/

[diggulden] 31/5/2013 17:01

Oh the mystery of the stock market! Monday will provide the answer. I'm going for a 250+ close on Monday though. Good weekend to all.

[freshvoice] 31/5/2013 16:59

How do we know that was a buy UY?

[warmsun] 31/5/2013 16:58

Can we simply assume it is a 'buy' of supply....could it not have been a sell....although it seems unlikely, given today's rise?

[urbanyeti] 31/5/2013 16:57

Purely my own thoughts warmsun but we have enjoyed a steady rise on little volume till today then a strong push up on higher volume. With a tip in the weekend papers & that 800k removed from the supply I think Monday could see a similar rise.

[warmsun] 31/5/2013 16:42

Urban, how do we know it is 'good'???