Magnum Ice Cream Company (LSE:MICC), trading around 1,289 at time of writing.

Sorry, our Broadband failed, making it impossible to publish this before the markets opened..

We’ve got a held a vote; is it more fun watching our robot lawnmower or football? A clear majority in our household favoured the little robot and to be accurate, it was only my wife and I voting. But 100% of us found we spend more time watching the grass monster trundling around, rather than a bunch of folk who really should know better, chasing a ball. Our grass robot isn’t one of these posh ones with GPS control. Instead, it relies on bouncing off things, making random cuts everywhere and with a little bit of moisture, proves utterly unable to go in a straight line. In an attempt to make the cutting lines more regular, we placed a couple of rocks on the lawn only to see the thing wilfully avoid choose to avoid them and for 3 hours, the only part of the lawn which hadn’t been cut was a moat of grass around each boulder. Then it opted to switch things up, spending the next three hours trying to hit the rocks constantly.

Whatever software drives the little robot has a quite different understanding of the concept of “random” than we do. My wife challenged me to figure out software code to drive the machine, so obviously mucking around produced quite a simple series of commands which would effectively drive the machine exactly the way it drives. Essentially, a cascade of “Do This, if you can’t, then Do That, and if you can’t, “Try This”, each command effectively being an attempt to escape from the immediate situation. Or in plain English, think of a woman trying to park a car. Go right, go right some more, go even more right, go further right, try accelerating, go right again, try accelerating harder, go right again. Effectively, ending up with a theoretical machine rotating in a theoretical circle quite perfectly described our robots idea of hysterics. Unfortunately, software alone cannot magically produce a wire brush to clean the grooves in the wheels, clogged grass tending to produce little in the way of drive.

In other words, rather than assume a robot grass machine actually has a brain, it is best to assume a Human Overlord is watching the machines effort, ready and willing to sprint outside into light rain to clear the clogged wet grass from the driving wheels. In other words, relying on AI will always go wrong, without human supervision. There comes a point when software simply runs out of options and shuts down. Which is exactly what happens with our little robot, when it runs into an exceptionally large dog poo or sneaky rock! Perhaps a decent Laser will destroy obstacles but this type of thinking drifts into Terminator territory.

We still prefer the concept of Artificial Intelligence only being real, if the software erects humanity to the level of being its creator. Until then, it’s only software running “If” algorithms.

But then again, there is always ice cream. With Magnum Ice Cream Company launched on the markets, we’re REALLY not fans of overpriced Magnums, invariably selecting from the cheaper “Me Too” selection in the freezer at our local petrol station shop, Magnums are nice but, chocolate covered ice cream is equally nice and a Magnum never gives a “special” moment when eating it. This ridiculous concept of “special” may sound ridiculous but real chocolate junkies know what it really means. Sometimes you eat the perfect Bounty Bar, sometimes you eat the perfect “Whole Nut” and these delights tend keep the glutton on the correct path. But a Magnum is simply chocolate encrusted ice cream, so the company really should try harder.

It’s easy to ridicule this concept but anyone who drinks coffee understands it, doomed to a life of once again making “the perfect” coffee. Thankfully, with our in-house Bean to Cup machine making such an ideology possible every morning, it’d be nice if an Ice Cream company produced a “perfect” product.

Then again, perhaps this is exactly the target every chocolate or ice cream company has spent their existence trying to attain. (Clue: nothing is nicer than letting a Galaxy square slowly melt in the mouth!)

As for Magnum, while we’ve proven our credentials in the fanboy category, it pnly needs above 1300p to indicate the potential for share price growth to an initial 1,367p with our secondary, if bettered, at a future 1,499p. Above such a level gives a problem, indicating the 15 quid level shall probably prove a future “top”.

If things intend go pear shaped, below 1232 looks like creating an issue for the future, potentially triggering reversals to an initial 1,177 with our secondary, when broken, at 1,032p and a potential bounce.

Like a chocolate Magnum drip on a white shirt in a traffic jam, it’s a bit complex….

FUTURES

Time Issued	Market	Price At Issue	Short Entry	Fast Exit	Slow Exit	Stop	Long Entry	Fast Exit	Slow Exit	Stop	Prior
12:03:59AM	BRENT	7855.4	7748	7535	6648	8053	7986	8066	8172	7864
11:08:38PM	GOLD	4334.04	4312	4295	4275	4346	4355	4361	4368	4329	‘cess
11:11:25PM	FTSE	10461.3	10430	10401	10360	10477	10524	10537	10565	10486	‘cess
11:14:10PM	STOX50	6235	6220	6204	6176	6252	6288	6316	6348	6249	Shambles
11:28:49PM	GERMANY	24798.9	24738	24663	24516	24846	25110	25285	25477	24988	Shambles
11:33:50PM	US500	7524	7504	7490	7465	7535	7550	7558	7576	7526	Shambles
11:37:21PM	DOW	52075	51694	51514	51285	51828	52200	52305	53170	51977
11:51:24PM	NASDAQ	30067.5	29943	29931	29696	30195	30636	31130	32094	30424	‘cess
11:54:12PM	JAPAN	69440	68755	68468	67957	69352	69632	66991	66739	69277	‘cess

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Target met. Continued trades against RR. with a mid-price ABOVE 1424 shou ……..

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View Previous Rolls Royce & Big Picture ***

Magnum Ice Cream Company (LSE:MICC), trading around 1,289 at time of writing.

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

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*** End of “Updated Today”

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