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[Poldermol]

Originally Posted by inspirational I held CFM and sold them for 4.7p on 31st March. I did take a 35% profit then but looking at the price now I am kicking myself. Still, hindsight is a wonderful thing.

I understand your feelings, I was in at around 2.90, but sold completely out at 6.80 and 8.XXX. If I look at the stock price now, I'm about to cry

[AndyB]

That's why Trant's Free Stock Plan is absolute genius. Never kick yourself again for missing out on a several hundred percent gain!

[VicVan]

Took out that 50% and 25% in the 15s, hence once it looks to turn let me know and will use my gut to come back in fully with the gains at the lower pricing
Niiiiccceee

Still looks good for 20 - 30 but made 100% on it already (well ok 80% but 100% sounds so much better )

[JonW]

I bought late at 8.46 (missed Vic's original pick) and sold at 12 for a 40% profit. Could see it settling back but sold a bit too early. Intention was always to buy back in as I also believe the prospects are good. Just waiting for the right IN so if anyone has an idea of the right point please post here!!

Never beat yourselves up over a 40% profit!!!! XD XD

JonW

[Davide]

Being completely new to this, I originally bought at 6.7, sold at 11.6, saw the stock still rising, panicked and bought back in at 12.8 - making a loss - if i'd kept my balls I could have made some serious gains by selling at 15 or leaving it for the long haul - VicVan seems right - they are good to go for 20-30

[AndyB]

A rather talented and wise trader once told me

"When buying, you can never pick the bottom"

"When selling always leave some profit for the next man"

Selling too early is bad as the missed profit can slowly erode your account. You need those big profits to pay off lots of small misses. However holding too long is equally bad.

CFM I'm looking to get in on, but its gone too far too fast for me to buy it. I'd hate to buy a top now, watch it retrace and slowly sink to 11p then pick up the pace again in a month. Hence I'll bide my time. If I miss it I miss it, there are other opportunities out there.

Vic I know you love charts so here's one for you.

I reckon this could retrace to 10.5p. To be safe, I'll buy 11p. I hate missing out for the sake of a lousy penny.

Just be advised charts give us technical targets, which are not necessarily where the stock/index will go, its just a target. Don't get 10.5p stuck in your head just because I said so

Long term this stock is worth more than 10.5p and traders know it. It just needs to cool off a bit after its recent crazy rise.

If it broke that lower trendline (at 10.5p) it could end up going a lot lower. But I saw this pattern play out on quite a few miners and after a brief respite, they just continued on up.

[AndyB]

Check out CFM's price action this morning. I am more confident of my 10-11p price target on this retracement.

This is an a-b-c correction in an uptrend. After hitting the target IMO it will continue on up to make a higher high later this year.

-- All based on crystal ball sooth-saying chart reading, Im not a pro trader or a psychic here, take this with a pinch of salt! XD

[AndyB]

CFM pulling back nicely. Looks like it has one more leg in this correction to shave a few pence more off the price. I'll post a chart tonight when I get time.

I just noticed I can trade CFM, GGG and AFR in spread-bet. So for all you UK'ers out there that means no tax on capital gains, plus the ability to long/short on margin.

Since I hold GGG, AFR already and plan to add CFM I will use the spread-bet to hedge (say after a meteoric rise like CFM just did, shorting in SB while long in a shares account = lock in profit)

[AndyB]

Boy check out that prediction - who ever said technical analysis doesn't work!!





ok ok I'll shuttup now. My analysis is not always this good. Its 50:50 hit or miss

Now what, well CFM has retraced to my target of 10-11p, however I'm not happy with it to be honest. It went up way too fast and came down way too fast too. It is quite possible it has a whole lot further to go, and what we've just seen is a 1-2 in a 1-2-3-4-5 wave uptrend, however the parabolic nature of the rise and the sharp pull-back has got me nervous.

I've been looking at the weekly/monthly chart over a longer timescale to see if I can spot any patterns but I can't, its just one big plop from 60p to 2p and back to 15p. Charts to follow.

[AndyB]

Weekly chart - the downmove has retraced 23%, which acted as perfect resistance. Usually retracements like to get up to 38% before bouncing, so there may be more room to move up. 38% would be 25p here.



Also hourly chart showing how CFM retraced 38.2% of its recent swing up. It could go as low as 50% or 62% retracement and still be counted as "Bullish". So be warned guys.



Im not sure about a long here, what do you guys reckon?

Vic whats you're opinion?