GTG

Cost push and demand pull springs to mind.

There are some elements of living here (Helensburgh, Scotland) that can't be defined using currency. One of my all time favourite films Local Hero springs to mind. From: You appear to have found your sangri la, good luck.

Well spotted.... could be a squid trap. Reminds me of their call for $200 oil when it was at $147!

Some "insiders" i.e. members of the Fed regional boards are also in opposition to more stimulus.

I've been thinking about subscribing to Patrick Cox's newsletter devoted to picking promising biotech stocks, he comes recommended by John Mauldin. It's expensive but I'd be using it to get into as many free trades as possible with small amounts of capital then sitting on them in the hope of hitting one or more big success stories.

Japanese people having been hoarding yen for many years in the "tansu ginko" (chest of draws bank) at the same time as the BOJ has been financing "bridges to no where", whilst it has had - as the worlds 3rd or is it 4th biggest exporting country? - a world outside it's borders in a debt fuelled boom. No crack up boom there. Japans' bubble burst about 20 years ago, how do you see it being any different in the west.

That may be happening already. I wrote to the tax office on 9th March just gone to inform them of a change of address and circumstances. I always write to ensure my communication is recorded in black and white and I keep a copy. Not having received a reply I checked my copy letter to ensure their address, my NI and tax reference were all correct. These were in order so I wrote a follow up letter enclosing a copy of the original on 20 April. Now coming up to three months since my original letter and I still don't have a reply! I will ring them next week but it does make one wonder what is going on. While I'm here IRS you wrote somewhere back I think in this thread that inflation can be created by those that have the money or words to that effect. Could you elaborate on that please.

Just completed an iregular flat correction and embarking on the next 5 wave impulse, next stop $1276.

Looks like another test of the BO area around $1230 (nice and healthy) and then on to $1250 ish. Don't expect to see much more than a 23.6% pull back at this stage.

Retest of the break out possible now.. then on to $1247

Right on cue, this is looking like it's going to be one HELLUVA run up, the third wave appears to be subdividing again today!! Let the power of third waves be with you.

Looks to me we're in a third wave which is further subdividing(third of a third), if that's the case then we're in for a negligle retracement/consolidation followed by a fast and furious move higher next week... is it 1979 again?

I'm also on a free trade/investment here with a small holding after pulling out my principle and dealing commissions.

Thanks, I read through it but ended looking likethis guy on the Investorshub page:

Great position to be in on any stock especially a speculative high reward story. As mentioned previously I'll hopefully be able to do the same but will also be looking to reinvest if appropriate. The link in your post to methinks produces an error report ATB

Well done on the risk free trade front. Yes it's behaving well, pulling back on lighter volume too. I think it's ready for a pullback though according to the EW count, the RSI is also well overbought. I believe we are still in wave (3) which tends to be the stongest of the impulse waves (along with a fifth wave extension) so I'm expecting a retracement to the 38.2% level of around $1.10, also previous resistance. If that fails there is plenty of support around the $1 level which happens to be in the 61.8% area. If that goes just get down on your knees and pray. The way this stock is going I would n't be surprised to see a 23.6% retracement then a move to a new high... famous last words. Also supporting this is wave 1 closed spot on the 1:1 AB=CD pattern, that is a classic high probabilty reversal pattern. I'm hoping to join the risk free speculators club shortly. As for the fuzzymentals, well .... I'll just let the price action do the talking.

It sounds very impressive but then it would to me not having any knowledge in the field or industry. It does look like a patent for a wonder drug is in the making, I particularly like the fact that it prevents the virus from infecting the cell compared with the competitors products which are a cure rather than a prevention. An ounce of prevention being better than a pound of cure. The fact that their "product" (is that the right word?) may be able to be customised to whatever virus the receipient is likely to be exposed to is..... well, like you said a possible trip to pluto for this stock. Feet firmly on the ground though, without being able to calculate an R2R ratio it's purely a speculative punt to me with a small amount of money (a lot less than allallans recommendation)I can afford to lose. If it doubles my moneyt I'll probably take half out for a risk free investment. Wave 4's or iv in this case tend to retrace 38.2% so we "may" have (hopefully)seen the last low for this stock for some time. Drilling down on the lower time frames would confirm this (if we are in an impulsive wave) IMO.

Had a buy order in at the support area of 81 cents but did n't get hit so jumped in with a small market order fearful of missing the train (hopefully of the bullet type), I intend to buy a little more if we get a pullback. That'll be a challenge considering I'll be asking Selftrade to deal in them rather than through my SIPP account. For anyone wishing to join the club here's a chart annotated with an elliottwave count assuming an impulse wave is in the making. If so a correction of wave iii i.e wave iv could be anywhere from the 38.2% retracement - which is where it's at now 0.99 - to a maximum retracement to 0.91. Below this i.e. end of wave i would render the count invalid. It could of course just takee off from here or collapse form whence it came. I'm far from an expert in EWT so take it with a pinch of salt.

I've read that lumber is a good lead indicator of the US building industry, if that's the case things look a bit bearish to me. The last time there was a MACD crossover was last September and it's plain to see what happened then. Add in the crossing of the 50dma at about the same time and what looks imminent now, I'd say there is a good chance we're near to another leg down. Perhaps another (albeit thin) argument is that the rally is a head and shoulders pattern.

Not necessary, the chargeable gain of 18% should be covered by my CGT annual allowance of £10,500, god knows what the rate will be after the UK general election next year. My other capital gains have been inside my S&S ISA, spread betting accounts and SIPP. Thanks anyway. LOL.... I think ziknik is referring to the 3 year rule whereby if you move in and make the second home your PPR (principal place of residence) you can disallow the capital gain in the preceeding three years. It is commonly perceived that by moving in you can avoid paying any capital gains tax at all as the second home becomes your PPR and therefore exempt. One has also got to be mindful of once the move is made or the election of a PPR is made the capital gains tax clock starts to tick on the once PPR. An election of a second property can be made at any time but is only valid from the date of the election for the calculation of CGT except in the first three years following the acquisition of the second property when you have this period in which to decide and your decision is applied retrospectively. That's my understanding of the rules anyway. Think I may run for a seat in the next general election

Thanks, the average time to sell property in the area according to Hometrack is 13 weeks and I'm hoping as it's an attractive FTB property I should be in with a chance of getting it sold before the turn. May have to throw in a sweetener for a quick completion if necessary/possible.

There are sold signs going up all over the place in the corner of Hertfordshire where I live, including three in my street in the past few weeks. These properties had previously been on the market for months. It's very encouraging for me as I've decided to market my second home even though it will be missed for our occasional breaks away. The opportunity cost of keeping it has been eating away at me for awhile now. It's at the other end of the country but hometrack is showing price increase there too. DrBubb, do you reckon the lag in the builders share price to the drop in property will be about the same as it was at the top i.e. circa 6 months?

OMG..... still got a mortgage at 70!