Feel free to post any charts, trade ideas or market related comment.
No need to get too serious its only money!
"Avoiding stupidity is easier than seeking brilliance"
Thanks Snowdrop, Goes to show how much I have been out of the loop. I even stopped turning my iPad on!! I will check out Marks article.
Very nice looking chart. Just hit some resistance. Look for a retest / entry point. Stockometrics look very good too.
I dont usually concern myself with macro stuff but the USD looks like it may have hit a long term bottom and be on the rise. Generally be good for companies that make their money in dollars. Just read today that Filtronic (LON:FTC) faced currency headwinds. That could change if USD appreciates. Obviously oil companies selling in USD and reporting in GBP could benefit too.
No devices sounds blissful to me! Welcome back Douglas1971.
Ingenta (LON:ING) looks like somethings happening doesn't it, big volume and price move this week on no news, agree nice bowly chart and Stocko as Revs8 first commented, plus resonable divi as well. Last DSMR report an interesting read.
Might turn into gold!
Devolver Digital (LON:DEVO) was listed as one of Mark Simpsons "bowl" shaped charts. For those interested, the big release of Quarantine Zone appears to be scheduled for tomorrow 1st November.
Quarantine Zone: The Last Check Releases TOMORROW - November 1, 2025 | Final Countdown
There have been over a million gamers put this on their wish list. The revenue impact wont be immediate but the number of sales and reviews etc can be monitored. Apparently the game was delayed to fine tune it and polish it up.
Caveat: I am no gamer and bought Devolver Digital (LON:DEVO) because it looks like a turnaround and the chart is developing a bowl. It is illiquid so you can't get out easily. Conversely the SP may move upwards rapidly on good news.
The board recently restructured the share incentive scheme so that key management stayed and were incentivised (all seemed reasonable to me).
Revs
FWIW, running a comparison on Stocko gives Devolver Digital (LON:DEVO) 6/35 and Frontier Developments (LON:FDEV) 29/35. I think both have xmas releases in the wings.
Yes. I agree Frontier Developments (LON:FDEV) is the higher rated company and clearly trending. Share price has doubled in last 6 months. My hope is that Devolver Digital (LON:DEVO) is at the point where Frontier Developments (LON:FDEV) was last May.
Huge volume spike at Tristel (LON:TSTL) yesterday, Aviva selling out per the RNS. I already had a starter position on a QARP/GARP basis, I've now added some more on the grounds that a volume spike often preceeds a move, and in this case I think any move is more likely to be upwards.
Re Filtronic (LON:FTC) I've been watching to buy in again, however their update last week didn't fill me with confidence, their statement, 'we are in a good position to meet expectations' felt a bit vague to me. However EPS forecasts have been upgraded, but will watch on the sidelines for now.
Smiths News (LON:SNWS) looking to make a 7 year high today or maybe fairly soon? The SP usually rises towards the Jan XD date and then falls back. I see no reason for this to be any different this time around especially as the Jan 8 XD is for a massive 6.8p making around a 13-14% yield. I have held these for over 5 years and most if not all of my original investment has been repaid and there has been a 50+% capital increase. I dont think the next 5 years will match this but as a shorter term hold this ticks a few boxes.
PayPoint (LON:PAY) looking like a possible trade again? Heading back to 660p area. Interims due later this month. IDS (Royal Mail) took a stake in Collect+ a month back and caused a 10% spike on the day. That's dissipated and more as we drift between News. They did give a 50p Special Divi on 20 October which muddies the waters a bit. Thoughts?
Vanquis Banking (LON:VANQ):
Shore Capital more than halves 2025 EPS forecast on reduced income and PBT. EPS for 2026 and 27 also revised very slightly downward, albeit still a significant multiple of 2025 as the turnaround progresses. Chart has been weakening and forming a head and shoulders:
Rigel Pharmaceuticals (NSQ:RIGL)
this share is showing very nice gains today up 30% ish - commentary ref the q3 update via link below. your spider senses sem to have worked very nicely here Revs8.
You beat me too it! Indeed another great call by Revs8! Maybe there is something to this charting black magic after all!! :))
I mentioned Rigel Pharmaceuticals (NSQ:RIGL)on here a few weeks ago. Turned out I was right about the pullback and retest being accumulation.
Earnings surprise last night has meant a jump in the price. A small pharma company that is growing and has just turned profitable on a pe of 7 and forward pe of 5. What have I missed? This one has much further to run IMO.
Thanks you for the link. Quite remarkable how much has been achieved by such a small company. I can't pretend to know much about the oncology or pharma markets but the chart looked promising. The dark arts seem to have worked in this case.
Thanks for mentioning Rigel Pharmaceuticals (NSQ:RIGL) a while back revs8, as you say nice chart, profitable small pharma company and high stockrank meant I followed you in.
However, SeekingAlpha summary shows 19.4% short interest. Do you see that as a bear point (why are they shorting?) or bull point (they'll need to cover)? Or maybe the SA short data is unreliable?
Rigel Pharmaceuticals (NSQ:RIGL)
Is it perhaps possible that holder of shares could be using shorts to "book some profits" perhaps? - 20% does seem high i must admit.
