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New weekly closing low.

New weekly closing low.

Post Sat Dec 21, 2013 9:27 am

Unfortunately last weeks green candle, which i thought maybe the first signs of a recovery evaporated this week.

The trend and indicators remain firmly stuck in this epic downtrend.

Imho the reason for the weakness this week, despite some reasonable news. Was the

continued pressure on the bid from the convertibles. Expecting another tranche of cash to be

converted into shares at the End of the month.
John Henry
 
Posts: 356
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Re: New weekly closing low.

Post Sat Dec 21, 2013 9:48 am

Great work JH another new negative thread. We're all aware of the situation we are in with the current and past share price due to lack of operational progress and dodgy lending, but we don't all feel the need to post constant negatives every time we post.

Tony
Tonys
 
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Re: New weekly closing low.

Post Sat Dec 21, 2013 10:28 am

Not transparent at all. :)
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RichTheNewbie
 
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Re: New weekly closing low.

Post Sat Dec 21, 2013 10:54 am

Read the title to the thread, and knew who had posted before opening it- not to be surprised.
rasclaat bambaclaat
 
Posts: 652
Joined: Mar 2012

Re: New weekly closing low.

Post Sat Dec 21, 2013 2:47 pm

Unfortunately thats the reality boys.

As it happens ive added again this week for the LT, however trading buy not signals yet.
John Henry
 
Posts: 356
Joined: Jul 2013

Re: New weekly closing low.

Post Sat Dec 21, 2013 6:57 pm

JH, you may not have noticed but there is a sticky thread for this sort of chart stuff.
FWIW on the dailies it's still tracking but above the long term support line from last year, though almost on it each day recently... hungrily awaiting news surprise, surprise.
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ErraticPhil
 
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