{"id":1216,"date":"2019-09-17T23:29:22","date_gmt":"2019-09-17T22:29:22","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1216"},"modified":"2019-09-18T08:24:31","modified_gmt":"2019-09-18T07:24:31","slug":"sirius-mins-for-18-09-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/09\/17\/sirius-mins-for-18-09-2019\/","title":{"rendered":"Sirius Mins. for 18\/09\/2019"},"content":{"rendered":"\n

#FTSE #SP500 <\/strong>Our previous report on Sirius lacked enthusiasm. Sometimes, share price moves leave a bad taste and Sirius was starting to remind of a poisonous AIM share called Vialogy. That nasty little company started to exhibit all the symptoms of a board who were happy to treat investors as their own little piggy bank. By issuing additional shares for in-house options, the number of shares became diluted and of course, staff members at Vialogy would simply dump their awarded options and pocket the proceeds. The share no longer trades.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

Obviously, Sirius as a respected member of the FTSE250 \nwill surely be monitored more closely than Vialogy, so perhaps our cynical \nattitude is completely unfair. Unfortunately, as a respected member of the \n“250”, we fear they shall opt for the next page of the playbook. This will \ninvolve a share split, potentially at 10:1 ratio and allow the price to once \nagain look respectable as it multiplies by 10. Alas, folk who purchased in 2018 \nat 40p while they absorbed all the positive sentiment in chatrooms will be \ndoomed to await Sirius growing to 4 quid in the future, just to get their money \nback. <\/p>\n\n\n\n

Offhand, we cannot think of a single instance where \nthis has actually happened…<\/p>\n\n\n\n

Alas, Sirius price movements, despite some very strong \nsentiment amongst internet discussion forums, has been “feeling” similar to \nVialogy, hence our lukewarm approach to its future. Yesterday, 17th September, \nthe market enacted a painful “gotcha”, one which doubtless ensures many loyal \ninvestors (who’ve been living for the next positive press release) now are \ntrapped with their funds going on a prolonged holiday in the absence of \nmiracles.<\/p>\n\n\n\n

Our “ultimate bottom”, the point at which we can no \nlonger calculate below is at 1.18p.<\/p>\n\n\n\n

To arrest the rate of decline, the share price \npresently requires better Blue on the chart, 12p at time of writing. \nUnfortunately, it seems more likely we shall see weakness below 3.67 drive the \nprice to 3.33p next, a point where some sort of bounce can be hoped. Secondary, \nif broken, is at 1.18p. The share price requires exceed 5.74p before there’s an \ninitial glimmer of hope a bounce is serious as 6.5p becomes the initial target. \nAbove this point and we’d need stir the tea leaves again as there’s a chance any \nbounce is liable to be fairly useful.<\/p>\n\n\n\n

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Time Issued<\/font><\/TD>

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Market<\/font><\/TD>

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Price At Issue<\/font><\/TD>

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Short Entry<\/font><\/TD>

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Fast Exit<\/font><\/TD>

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Slow Exit<\/font><\/TD>

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Stop<\/font><\/TD>

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Long Entry<\/font><\/TD>

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Fast Exit<\/font><\/TD>

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Slow Exit<\/font><\/TD>

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Stop<\/font><\/TD>

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Prior<\/font><\/TD> <\/TR>\nFUTURES<\/font><\/a>

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9:26:30PM<\/font><\/TD>

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BRENT<\/font><\/TD>

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63.58<\/font><\/TD>

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‘cess<\/font><\/TD> <\/TR>\n

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9:28:38PM<\/font><\/TD>

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GOLD<\/font><\/TD>

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1501.49<\/font><\/TD>

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Shambles<\/font><\/TD> <\/TR>\n

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9:31:26PM<\/font><\/TD>

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FTSE<\/font><\/TD>

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7316.25<\/font><\/TD>

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7290<\/font><\/TD>

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7262<\/font><\/TD>

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7217<\/font><\/TD>

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7350<\/font><\/TD>

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7352<\/font><\/TD>

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7364<\/font><\/TD>

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7388<\/font><\/TD>

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7301<\/font><\/TD>

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‘cess<\/font><\/TD> <\/TR>\n

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9:46:19PM<\/font><\/TD>

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FRANCE<\/font><\/TD>

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5617<\/font><\/TD>

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Shambles<\/font><\/TD> <\/TR>\n

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9:53:08PM<\/font><\/TD>

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GERMANY<\/font><\/TD>

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12382<\/font><\/TD>

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‘cess<\/font><\/TD> <\/TR>\n

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9:59:16PM<\/font><\/TD>

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US500<\/font><\/TD>

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3005.67<\/font><\/TD>

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2990<\/font><\/TD>

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2985<\/font><\/TD>

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2978<\/font><\/TD>

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3001<\/font><\/TD>

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3006<\/font><\/TD>

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3009.5<\/font><\/TD>

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3016<\/font><\/TD>

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2994<\/font><\/TD>

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‘cess<\/font><\/TD> <\/TR>\n

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10:14:46PM<\/font><\/TD>

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DOW<\/font><\/TD>

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27115<\/font><\/TD>

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<\/TD> <\/TR>\n

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10:16:41PM<\/font><\/TD>

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NASDAQ<\/font><\/TD>

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7894.37<\/font><\/TD>

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‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:19:53PM<\/font><\/TD>

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JAPAN<\/font><\/TD>

\n\t

22037<\/font><\/TD>

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‘cess<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

\n\n<\/a><\/font><\/p>\n

17\/09\/2019 FTSE Closed at 7320 points. Change of -0.01%. Total value traded through LSE was: \u00a3 6,089,337,683 a change of 3.99%<\/h>\n","protected":false},"excerpt":{"rendered":"

#FTSE #SP500 Our previous report on Sirius lacked enthusiasm. Sometimes, share price moves leave a bad taste and Sirius was starting to remind of a poisonous AIM share called Vialogy. That nasty little company started to exhibit all the symptoms of a board who were happy to treat investors as their own little piggy bank. … <\/p>\n

Continue reading “Sirius Mins. for 18\/09\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1216","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1216"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1216\/revisions"}],"predecessor-version":[{"id":1217,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1216\/revisions\/1217"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1216"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}