Luceco Share Discussion Threads

[nw99] 02/11/2019 18:59

Let's hope so

[john09] 02/11/2019 18:49

Big couple of up days I reckon

[nw99] 01/11/2019 18:06

Bull market

[john09] 01/11/2019 16:37

Chart is a beaut. Small cap growth stocks looking good and the way LUCE keeps moving intraday up and down taking our stock. Also £1 is always a nice base that people like to come in at. There were hardly any sellers at £1

[sigibbons] 01/11/2019 16:36

What makes you say that John?

[john09] 01/11/2019 14:44

It’s gonna explode probably at a close today or Monday

[john09] 30/10/2019 13:42

This is teasing is

[john09] 30/10/2019 10:06

Dropped to fill some orders, mine included 👌

[john09] 29/10/2019 15:42

👌 this momentum should build tomorrow. Expecting a good close too

[nw99] 29/10/2019 15:38

Still long myself

[john09] 29/10/2019 09:11

Next leg up. I’m in

[johnrxx99] 04/10/2019 06:26

So you don't support Trump or you think he's a genius?

[napoleon 14th] 03/10/2019 18:30

Markets reflect the state of the economy, but also of politics, geopolitics etc as a whole, or a hole as is the currently.
RENE is also in a state of flux ( to put it mildly! ) as the VIX rises inexorably.
You're either a trader & try to ride the waves, or you reckon you've invested for the long term and don't react to noise.
Although it's not a given that he'll succeed, IMO Trump will use everything he has at his disposal to ensure re-election in Nov 2020. A fit/stable economy is a condition "sine qua non" to his plan and he knows it............
With any luck, we won't need to really panic 'till 2021.

[johntickertape] 30/9/2019 16:45

if Brexit delayed then they will prob upgrade and the shares go through £1 easily. however if Brexit is 'no deal' then who know what happens? Hence so many UK exposed small caps trading so cheaply.

[sphere25] 30/9/2019 16:04

Ok folks, I'll call that one. That's a lovely break higher after the consolidating pattern around 90p.

As per the post above, I mentioned LUCE catching my eye as the sellers dried up. I am now of the view there is a very strong possibility that LUCE will break the recent highs and through £1

Why?

Firstly the most recent report showed continued momentum with guidance being ahead of forecast. Such momentum in the short term is most likely to continue here and therefore the risk of guidance being upgraded carries real weight. The market appears to be anticipating that.

Secondly, the initial move on that key break of 80p that I highlighted was too quick. We went flying up from 80p to a £1 in a flash. As a result, I informed this board at the time that this was a good place to take short term profits. Excessive spikes have a tendency to correct themselves.

With this consolidating pattern over, sellers cleared and the more gradual move higher now, there should be enough buying interest to break higher imo.

EDIT:

Got abit sidetracked with MCB or I'd have picked up a few more LUCE. Bought a few MCB with Gilead Capital building a significant stake. That could be an interesting play now with activism. Hell, I'll give it a plug :-D

[sphere25] 19/9/2019 14:47

Catching my eye again is LUCE. Adding back a few at 91 (almost 10% cheaper than the initial sell point).

Starting to look interesting as a short term play. There are buyers in size at 90 and 91 who have mopped up plenty of sellers all week. With the volume having fallen off a cliff too, it might suggest the sellers are done so abit of buying volume could result in a continuation of the short term bullish move here and a probable break of that £1.

FTSE re-jig tomorrow at the close so also interesting to see if any funds have to add.

I would love to be able to sell these into a price spike through £1. If Trump has another mental meltdown and pushes the wrong letters during his tweet, I won't get what I want in the short term, but hell that's the market for ya!

UPDATE 30/09/2019 15.30

Current price 94.6p. It's flirting with a break higher folks.

[nw99] 16/9/2019 10:46

Yes reached many peoples short term target

[jltaylor1001] 16/9/2019 10:33

Looks like some profit taking today .

[nw99] 16/9/2019 08:14

£1 broken target 1.20

[nw99] 16/9/2019 07:07

UK stocks will rally after 31/10 continuation of the current trends

[johnrxx99] 16/9/2019 07:06

Agree S25. As my holdings hit the RSI I'm happy with I'm selling and holding cash, other than oil and gold. I can wait until after 31st Oct - OK the pound will crash but not as much as UK stocks focused in part on the UK.

[tomg23] 13/9/2019 18:48

Great summary. Thanks for your thoughts.