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Centamin (CEY)

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Nope, It's heavily shorted.... for now. 

Edited by TheGuru12
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2 minutes ago, dmedin said:

Where do you see the shorting?

I think they were referring to short vs long positioning stats, may have changed by now.

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There's a potentially bearish candle forming on the weekly chart, so let's see where it's at next week.  :)

1571415232_CentaminPLC_20190820_09_18.thumb.png.7a425c39ace139630512bcbbbe146553.png

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Looks very promising.  Has bounced off that Fibonacci level with a nice hammer.  So I went long on the March 2020 future.  🤓

1943473809_CentaminPLC_20190823_16_44.thumb.png.cbd576c68daf84d1b9c566801885f02f.png

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Ironically, this is one of the FTSE 100 companies whose profits will suffer when Brexit is resolved and the GBP appreciates enormously.  So I'm 'gambling that the permanently higher gold prices will outweigh this effect.

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Centamin share price dropping like a rock now ... you'd almost think I was so f*king bad at this that I'd be better off stopping and running away with the little money I have left.

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Closed order at £1.80 profit.

Looks like it's going to drop further.

693229009_CentaminPLC_20190830_11_17.thumb.png.4eb5e8488d6f807d3d90c203032fc177.png

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Fking awful.  Maybe time to go short instead :D

1499799836_CentaminPLC_20190830_11_23.thumb.png.1352a525075db37bda4529c1dea1f2a4.png

 

Edited by dmedin

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Avast, my bonnie wee bairns!  'Tis a dark cloud cover.  Gang short!

1705585698_CentaminPLC_20190904_16_36.thumb.png.57aa45b0ef39ad9be67151984d46d540.png

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Phew, what a stinker :(

Let's see if the earnings report next month does anything.

2019-09-26_08-05-27.thumb.jpg.76911a110f05cbf6c491da97725513b3.jpg

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27 minutes ago, dmedin said:

Now's a good time to buy.

1676352470_CentaminPLC_20191025_12_31.thumb.png.11698b463f873749cede626d866cbab3.png

why?  the only reason you've got going for a trade against trend is the potential of a double bottom if price can break the neckline. if it can't then it's forming a range and you've just bought at the high 😮

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91% of IG client accounts with open positions in this market expect the price to rise

 

👍😎

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I got out, seeing a red candle forming and there are better opportunities elsewhere.  :)

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    • This week is a crucial week for US indices I think especially end of the week. If we are going to see extreme Dow soon, the market will let us know.  The volatility is expected to pick up so money can probably be made in both directions with 1000+ points move again. I personally would not go long for a couple days. There are positions trapped right now going long from last week so I would guess some will be forced to endure some pain, unless they volunteer to take losses.
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