Wpp Share Discussion Threads

[nasdaqpat] 25/5/2017 20:37

RIO Update:-

RIO's share price was somewhat up and down today but has already managed to register a new (Phantom) Up wave following today's visit to 3212p. Even so, the share price ended up closing down (00.31%) @ 3165.5p and remains week against the FTSE100 for the week as a whole being down (0.06%) having started @ 3167.5p.

The current (Phantom) Up wave for RIO has yielded 05.59% (3042p:3212p) but it is unclear what the share price will do from here...it could manage something like c09.50% and complete a two sub-wave Phantom @ c3331p or directly move sharply downwards below its current interim low of 2882.5p. There are also other, more positive scenarios. We continue to hold at an average of 3257.7p but may be tempted to reduce or sell out @ prices north of 3300p.

[essentialinvestor] 25/5/2017 20:20

The recent oil run surprised me, so less surprised to see some unwinding.

[nasdaqpat] 25/5/2017 17:13

I see NYMEX got to 5200c early on and has now dropped sharply...so the trading range could well be set @ 4376c (5 May) to 5200c. The trouble is, FTSE is unlikely to make progress if POO is declining but, at the same time, I cannot see the 7534 of 15 May being top.

[essentialinvestor] 25/5/2017 16:33

BLND was my main add today. 23% invested at the close.

The US appears in melt up mode atm, how long can that go on?.

Longer than I thought!, got to be honest.

[nasdaqpat] 25/5/2017 16:28

BTW, I've just cleared out both Long Trackers & Short leaving 34 companies and stock level of 33.5%. Will start building the short tracker (XUKS) holding again once FTSE starts moving closer to my Segmental/Phase top target of c7594.

[essentialinvestor] 25/5/2017 16:07

It's only fair to say with the SFO investigation
attempting to assess short term valuation is not possible imv.
Wood Group have an ongoing internal enquiry which they say will take months.


I'm taking a view there are longer term attractions.

[gateside] 25/5/2017 16:00

It's in the interests of both for the deal to go ahead. FW was bought at the wrong time, the timing of that deal aside, I've generally been impressed with management of AMFW.

[essentialinvestor] 25/5/2017 15:55

Hi Pat, the difference may be AMEC bought FW at cycle peak.
WG have a long history of successful smaller acquisition integration.
This deal is far larger, however the WG. BOD look capable - might be wrong.

[nasdaqpat] 25/5/2017 15:49

We sold all our remaining AMFW shares @ 582p on 13 Mar and not really tempted back as the union with WG. looks to be as desperate as when AMEC acquired AMFW and we know what happened with that one.

[essentialinvestor] 25/5/2017 14:33

WG. published a detailed prospectus on Tuesday, also offering to divest
some North Sea assets to help competition clearance as you may be aware.

I stick to WG as it may be "lower risk", although low risk and the sector
atm is perhaps incongruous!.

[gateside] 25/5/2017 14:27

I'm confident that the merger will still go ahead.

[essentialinvestor] 25/5/2017 13:40

AMFW, was not holding, you would perhaps conclude the deal is now
at an increased risk of not completing, I hope it will, depends on what
news flow follows.

[essentialinvestor] 25/5/2017 13:35

Hi Gateside, WG. yes and adding a few. Have traded it as well, sold a few
before the close yesterday as mentioned on the WG. board, bought them back
today and a few extra.

It's a small position, not that brave!.

[gateside] 25/5/2017 13:32

Pat .. are you still holding AMFW?EI .. are you still holding WG.?Both been hit badly by PFC?

[nasdaqpat] 24/5/2017 21:29

WPP Update:-

WPP's share price initially touched 1669p today but then recovered most of yesterday's losses to finish 01.67% firmer, closing @ 1701p. It is still underperforming FTSE on the week being down (00.93%) having started @ 1717p.

The current intraday low remains 1651p on 28 Apr and WPP still hasn't registered a (Phantom) Up wave since that date (+5.3% is required by my methods). Even after today, WPP's share price now looks more likely to lower 1651p before putting in any sort of Up wave. It will now depend on broader market dynamics before deciding whether to Add to our holding below 1651p (our average is currently 1656.87p including costs) or cash out on any strength over the next few days. Our target for WPP's correction as a whole remains c1542p.

[nasdaqpat] 24/5/2017 21:21

RIO Update:-

RIO's share price struggled early on in today's session, probably due to IO weakness. It actually touched 3042p at one point which means that the 2882.5p Up wave is over and a fresh Down wave (albeit probably temporary) is now in play. The share price rallied well to close down just (00.53%) @ 3175.5p but it is now underperforming FTSE100 for the week as a whole.

The drop to 3042p today may not be particularly negative as it sets up the possibility of a second (Phantom) Up wave to possibly well beyond the current interim high of 3232.5p. We continue to hold at an average of 3257.7p but may be tempted to sell out @ prices north of 3300p.

[nasdaqpat] 23/5/2017 21:44

WPP Update:-

WPP's share price caught a bit of a crab today (reason unknown) and declined (02.16%) closing @ 1673p. Earlier in the session it touched 1727p so the fall was exacerbated for holders. It is already down (02.56%) on the week having started @ 1717p.

The current intraday low remains 1651p on 28 Apr and WPP still hasn't registered a (Phantom) Up wave since that date (+5.3% is required by my methods). After today, WPP's share price now looks more likely to lower 1651p before putting in any sort of Up wave. It will now depend on broader market dynamics before deciding whether to Add to our holding below 1651p (our average is currently 1656.87p including costs). Our target for WPP's correction as a whole remains c1542p.

[nasdaqpat] 23/5/2017 21:29

RIO Update:-

RIO's share price touched 3232.5p at one point today before closing down (00.58%) @ 3192.5p...still ahead for the week though.

RIO, by my methods, has extended its (Phantom) Up wave to 12.14% from the current intraday low of 2882.5p on 5 May to the intraday high of 3232.5p on 23 May. We continue to hold at an average of 3257.7p but continue to wait for c14.00% or c3286p before reducing albeit further lows are expected in due course.

[nasdaqpat] 23/5/2017 01:14

WPP Update:-

WPP's share price declined (00.41%) on 22 May (1717p:1710p) having touched 1730p earlier in the session. Not a good start to the week.

The current intraday low remains 1651p on 28 Apr and WPP still hasn't registered a (Phantom) Up wave since that date (+5.3% is required by my methods). However, I am still hopeful that the share price will travel to c1791p during the current week and therefore register an c08.50% Up wave. At that point we will reduce our holding (average is currently 1656.87p including costs) or maybe even eliminate it completely as our target for the correction as a whole remains c1542p.

[nasdaqpat] 23/5/2017 01:04

RIO Update:-

N.B. The site I've been getting the prices off for Iron Ore & Copper now wants money so I won't be bothering in future.

RIO's share price continued its strength on 22 May and touched 3228.5p at one point before closing up 01.37% (3167.5p:3211p) and therefore getting the week off to a good start.

RIO, by my methods, has extended its (Phantom) Up wave to 12.00% from the current intraday low of 2882.5p on 5 May to the intraday high of 3228.5p on 22 May. We continue to hold at an average of 3257.7p but decided to wait for c14.00% or c3286p before reducing albeit further lows are expected in due course.

[gateside] 22/5/2017 16:43

Some nice rises from Utilities and Telecoms today.

[nasdaqpat] 22/5/2017 08:46

Thx WJ and enjoy!

[w1ndjammer] 22/5/2017 08:31

i am off sailing now for the summer, just going to trust my oil stocks to
keep the portfolio steady. will sell 3OIL sometime around the 25th if i can get a signal on the dongal.

Nasdaqpat hope you can keep posting your thoughts on the FTSE would appreciate
the heads up if you spot a major down turn approaching, would be nice to get a
big fat short on. As its near impossible to feel the vibes unless you are watching
the market, and most of the commentators are only talking their own book.

bought some more PFC friday at 650p

WJ.