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It is a little scary observing on these BB,s boards the amount of money claimed to be traded by individuals and the quality of debate regarding rudimentary understanding of trading mechanism of the markets. I guess it's the new normal for old school.
Perhaps a leak from the FDA. We all have to live in hope.
Some big trades in the last half hour of the day.
This perception about buys and sells comes up so often on bulletin boards. Mark Simpson did a useful piece about stock market myths recently on Stockopedia
"Myth 1 - They’ve marked my buy as a sell
Everyone likes to track their impact on the world, so investors often look for their buy or sell to show up in the reported trades. In such feeds, transactions are allocated to a buy or sell column. Sometimes, a share purchase will be marked as a sale, and vice versa. When this happens, some investors believe it has been intentionally misreported to give a false picture of the underlying supply and demand.
The Truth: Every trade is a buy and a sell. Investors are trading either directly with another investor on the order book or with a Market Maker. The information the exchange publishes is just the time, price, volume and a code to indicate the type of trade. It is data processors that categorise these trades into buys or sells. They do this simply using the published bid and ask at the time of the transaction. Any trade price below the mid-price is marked as a sell and above as a buy. Investors who bought shares below the published mid-price should be thankful that they purchased stock cheaply and not worried that reporting has been manipulated."
DI: T (hopefully) provide you with a warm, fuzzy feeling.
I not only bought back in with my Top-Slice funds, but invested a further £16k.
So no topped out with over 128,000 shares. Hence my pleas for everyone to now push the price up :-) :-) :-)
Hopefull that'll give you some comfort ha ha
DI: "...In theory no stock goes up in a straight line, but would if no one sold, am i right?..."
It would be great if that theory waas true in practice. But unfortunately not. Prices only rise if there is a demand. SO simply having everyone hold wouldn't work if no one wants to buy.
However, it is true to say that, if there are buyers, then the SP can be made to rise faster if EVERYONE refuses to sell. making the Bid price rise in order to 'persuade' holders to sell.
And, I suspect the latter position WILL be achievable for all of us LIs as soon as an RNS is released confirming FDA approval. Escpecially if it coincides with another RNS from FUM providing decent Sales information/revenue.
now THAT's the time to get everyone to hold out as long as possible :-)
I have been refreshing the Boots Eroxon page. Just now, it said there were 100+ purchases in the last 24 hours, then a few seconds later it said "added to basket 52 times in the last 24 hours", earlier it said about 40 times, while also saying 100+purchases. Can someone explain how this can be? Surely adding to the basket is a precondition to buying, so how can it have been sold more than 100 times yet added to the basket on only 40-50 times? Unless people bought about 2 packs each time? But then it would have to have been almost exactly 100 sales. If it had actually been 200 sales then the average person would have had to buy 4 packs each, which is even more unlikely. What's the explanation please?
Lol fairplay. Though thru power of one, we can get that sp higher. In theory no stock goes up in a straight line, but would if no one sold, am i right? High five. Keep topping up bottom and ill keep holding, together we will drag this sp up haha
Surfie: No porkies :-)
Just clarifying that the LSE Trading data is wrong and hence misleading.
As for SP falling. I'd prefer stabilising at around 48p before rising again. But have some spare cash in reseerve to buy in further (average-down) should it drop towards 47p or lower.
Overall, I still think this is now a hold (i.e. no further top-slicing.... unless LO unload more) with possible average down and look to what May, early June brings.
DarthInvester: Clearly you don't using alternative investment strategies like Top-SLicing or Compounding techniques.
I, and I suspect many others beleive you are wrong in that you are simply trying to persuade some to keep holding.
However, SPs fluctaute for all companies and the shrewd investor takes any opportunity to maximise profit.
It was a foregone conclusion that the FUM SP was going to draw-back at some stage this month, if only to set itself up to really later.
The additional fact that LO top-sliced meant it would reduce hte SP (hopefully temporarily).
However, you ARE entirely correct in that I took care of my own financial position. And can enjoy the additional 2980 free shares.
If there is an opportunity to top-slice again then I'm all for it.
If you are holding then good luck too. After all...... we both need the SP to rise at some point to make an overall realised profit.... albeit this does look like an absolute given with FUM :-)
P.S DI, please keep holding and even buying so the SP goes up now.
Bottom, if you and the likes of the paperhand brigade along with the wetting crew held, they would be worth more really lol. But thats ok, you gotta look out for number 1 am i right?
Well I don’t understand the SP, but who cares time to top -up! 60% of the shares are in the hands of institutions or directors from my working, that leaves only 40% of floating shares in PI hands which I’m guessing a good percentage are LTH’s. So not a great amount of shares floating about for share price to rise rapidly through buying or selling. News is the only way this SP will rise either FDA or Sales. Please correct me if I’m wrong.
Porkies or not, your buys today maybe premature as thie S.P. looks like it's on its way back down to where it was a week ago before all the good news about the stock being in Boots etc. Frustrating as hell.
I see the LSE Trades data is all Porkies at present.
The following 'Sells' where actually 'BUYS' by me today:
11:39:17 12049
10:41:55 2061
10:41:11 20718
The only correct Buy was
11:51:24 18697
So god knows how many other trades were Buys and not Sells???
Well, having Top-sliced 30% I decided the latest SP drops yesterday and today was too much of a nice thing to ignore.
So re-bought using 3 tranches of my Top-Slice money and managed to increase my overall shares by an additional 2980 shares for free :-) :-)
Now, I just need you guys to buy on-mass and push the price up above £1 please so my shares will be worth a decent amount :-) :-) :-)
Pretty please?
81lucky I think your assessment of everything is spot on. LO have to show returns on the books to stay in business, so profits need to be locked in, especially in this financial climate. I understand that nobody ever went broke taking profits, and anyone trading this share had the potential to make a lot of money. But personally I think that this is not the time to be trading this (adding on weakness yes), LO have a huge holding and haven't really shed that much relatively. They are entitled to take some profits as they held their noses and bought during the period of maximum pain.
Lombard selling a small stake is nothing new, dont get it why it caused mass wetting of the linen. Some here would like to take a profit but with paperhands about "slicing" pushes the sp futher down. Sone need sticky hands, create rarity and boom up we go. For a product that helps get the member up, this product should be getting the sp up too. Cmon!
Very shrewd assessment regarding LOMBARD’s position ANDY , and by injecting 40p a share as and when they do also safeguards all other shareholders from further dilution as it will eliminate any necessity of a cash call.
Quite agree with your view JET, never wrong to take a profit particularly in these difficult times.
All ISA’s done and dusted ?
Andy, agree with most you say, however punters selling in the last two days were probably correct in my opinion. Lombard can sell at anything above 40p and just replace as and when they wish, the fly in the ointment here is likely to be FDA approval, good news and this share becomes a different animal so pi’s that sold would then loose out. But for Lombard it’s a win win scenario.
Bear in mind that Lombard is mostly an investment life and pension insurer offering tax-efficient vehicles fot private investors with large portfolios. LO is not so much a fund manager or institutional investor, its clients are PIs making their own decisions as to what happens inside their portfolios wrapped up as insurances. A bit similar setup as with trusts in anglosaxon legal systems and in tax havens.
....got to be one of the better bets on AIM..... This is a no brainier....it is only going one way ....etc etc.
Fund managers who are responsible for client portfolios just can not indulge in such indiscretions. They have to show results on books. That is the rational behind crystallizing a fraction of holding, while still being massively invested for the obvious potential. May not be genius but definitely a strategy. To that end, many PI,s have also top sliced. (I have personally resisted, as events are finally moving on at FUM). 'Didn't see that one coming' scenario can happen.
This has possible brought on the dampness of beds, what do you reckon Darth?
PI,s can afford themselves the luxury of being of higher risk averse. (hopefully within their means).
imo
very interesting thoughts re LO's position, Andy. food for thought.
FUM said the cash runway would take them to full launch of Eroxon but to produce the stock for an Americam launch may drain the cash. Rather than have another placing it would make sense for LO to sell shares at 50p and convert warants at 40p to put cash into the company without diluting the LO holding.
Or could be any numder of reasons but failure is not one of them
LO had 78m shares. If they convert heir warrants of 20m shares they would be way over 30%. When LO convert their warrants they will want to have less than 30%
When L O convert the warrants the shares in issue will be 313m so expect LO to sell more shares in the coming weeks so they have less than 30% at that point.
What LO will have is the final say over when this company is sold and for how much.
The punters selling shares over the last couple of days because LO sold have done so for the wrong reason. They should really have been buying.
Not ramping just my thoughts
Traders cashing in all or some which is not surprising but volume is low today so LO probably waiting for FDA RNS before making their next move. Lots of potential upside here with limited downside risk IMO. Whilst the FDA approval cannot be guaranteed it is more likely to be good news than bad so the risk of being out is fairly high as news could come any day. It is likely however that news will be leaked as it almost always is these days as regulators do nothing so a flurry of buying may be the signal, conversely so if the news is negative.