GKP

Where to now? 87p?

yep...87 is the area that could get targeted .
This down turn is not over for gkp . So best not to top up from current levels. Just wait for a 123 low to form to give you the green light. The best level to go long on GKP now is 87 on a first attempt basis.
This had an evil gap down today. ive noticed when shares do a bit of recovery and leaves a long tail after a gap down there could be a chance that the low of the tail could get tested over the next few days. So dont rush and buy. Just wait for a good support level if you wanted to buy and that level is 87 but you still need to have a stop in place.


dl.dropboxusercontent.com/u/4899609/gkp13thmarch2014.png

I had a long GKP spreadbet position from 143p with a 10pt stop (not guaranteed). My position was £20 per point. My position got closed this morning at 111p and not somewhere close to 130p as I would have expected. I have looked at the IG charts and there seems to be trades from 138p and downwards this morning. I will be writing to IG for confirmation, however is this peoples experience and given the large drop this is expected? It is just the first time it has happened to me.

Thanks

my mate got his taken out at 128...He got his stopped out around 8.20am
so you are really unlucky. IG do screw people over.
what time did your one get taken out???
and when did you enter as the spread bet did not go to 143 if i remember correctly??

this is probably the move gkp needed imo, in any case..... today's low approx 102.6 ties in perfectly with the 78% fib ratio from the highs of 450 to 4.4p





dl.dropboxusercontent.com/u/40497882/Gul...0Ltd%20%28DFB%29.png

rgds WS

Yeah I was slipped by IG too. Stop at 138 however it was closed (by IG) at 124. It happens unfortunately, cost of doing business without guaranteed stops. What was interesting was another position I had a stop at 137 which was closed at 137. Guessing price jumped down and IG executed at the next available price which after the auction was 124.

M.