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Ok, I`m getting off of here and on to the RNS feeds to see if any of mine have got any news to read up on.
Haha funny how Ndn filtered me yet poked his nose in on my twitter chat yesterday
I'm not going back through yesterday's chat I just looked at your history, but of course the problem with that is you only get half the conversation
But I think the problem was people are probably happy not using charts, I'm only guessing but maybe you kept on and became annoying, but if it works for you and it sounds like it does then all good
Right off to walk the dog before work have nice day
vegas, if you actually read my posts yesterday, the ones that weren`t deleted by some woke snowflake, you would understand that I too use the fundamentals, I just use TA more, so I never said anybody was stupid for using them, you`ve just made that up.
I also didn`t say anybody was doing it wrong, I just tried to explain why charts play a part, but for some reason that view ALWAYS gets attacked by someone every time the subject is mentioned!
Its just insecure people who feel threatened by their lack of understanding of TA, and they feel the need to ridicule and lash out!
Why can`t they also take a leaf out of Miles McNulty`s book and keep quiet if they don`t get charting?
Why do so many feel so threatened by it?
I didn't say it was nonsense, I just prefer an alternative way of investing but I guess in your eyes that makes me stupid? Most on here are LTHs and you turn up telling us all we're doing it wrong
Maybe you should try taking a leaf out of Myles McNulty's book he's a LTH with Avacta but in general a trader, very humble with it and doesn't try preaching to others
Keep going with it Bzup
lots of people and certainly the vast majority who populate any BB do not and will never understand TA
those who knock it, fear what they do not understand.
i always state, through professional knowledge and experience, how do the idiots that knock it perceive FX is traded on a daily basis. Can you calculate the ever changing fundamentals of a Country on a second by second basis of course not.
ALL FX traders use charting to determine their intra-day ,daily , monthly weekly trading positions on currency pairs, there is no other way. end - of !!
when i first started my time in bishopsgate, i read technical analysis of financial markets by JJ Murphy, i never looked back.
a final point, when it comes to markets, it's YOU against the market, you can never have enough knowledge, so if you can add another discipline to your knowledge, then it will help rather than hinder.
Vegas, when a little upstart who`s been studying charting for 15 years gets told that its all nonsense, tea leaves, pointless rubbish, doesn`t work...etc, etc, he`s entitled to defend himself and his passion for technical analysis...which does work.
An insult is an insult is an insult, and works both ways, but I don`t toe the line of disbelief and ridicule of chartists so therefore I must be attacked for having the audacity to share a charting view on a discussion forum of a stock market share.
Whether people on here like it or not, technical analysis of company share prices is one of only two forms of analysis...the other being fundamental analysis, which I don`t see much of on here....on here its all hype and speculation, which is fine, but doesn`t have any technical or fundamental bearing, its only chatter.
I prefer a professional approach.
When it comes to technical analysis I am smarter than most on here, thats just a fact because I have been studying it for a very long time.
So when I get ridiculed for believing such `nonsense` I reserve the right to defend it, and to defend my knowledge that it does work.... if used correctly.
Is that ok?
@hants, I agree with you about the charting I'm not in chart denial, I just prefer research,buy and hold but each to their own
I didn't see all of Bottomzup's posts but went back over them,what I make of it is he gave the impression he was a lot smarter than us and we're all idiots in fact he said that, there's a lot of well researched on here including yourself and for an upstart to turn up with his attitude is quite insulting
It's a bit like a man working hard all year to take his family to Spain for a week and the guy next door on the dole goes off on a Caribbean cruise and says "your an idiot for working"
allah,
PCR is the past.
LFT is the future.
So next time when you are traveling to the UK, please make sure you have a negative avacta test!
…AND! SET YOUR CLOCK 800 YEARS FORWARD!!!
enteleon : Thank you for developing your views at length.
However there is still no proof behind the assertion that NCYT has had contract difficulties because the British government wants to back away from PCR testing.
Correlation is not causation. This is where the reasoning becomes fallacious.
Because by the same logic, one could conclude that the British government has bought plenty of cheap Innova tests because it didn't believe AVCT and ODX would be able to deliver.
And just now we're learning that Matthew Handjob's advisers are having second doubts over the whole LFT strategy.
Does that mean AVCT is doomed ? Not necessarily.
Just like it isn't obvious that PCR testing is over.
Enteleon,
Great post. Thank you and stay safe you too.
ST
Allah4uk: NCYT's failure to obtain a repeat Contract for PCR testing was, for me, a buy signal for the Sovereign LFT companies. Government obviously desperate to get the economy going again. I have argued for several months that the Govt should have put rapid, high-quality testing on a War-footing back in November. Matt H. is not very bright and struggles to hold two complementary strategies in his mind at any one time. These complementary strategies being vaccine roll-out and rapid, high quality testing.
Boris Johnson has made it absolutely clear that a further lockdown would be disastrous from every point-of-view, not least the immense political damage it would cause to the Tories. PCR testing is high quality, but very expensive, cumbersome and takes time. My view is that the Govt would have renewed the NCYT PCR Contract only if there was NO high quality British-made antigen LFT on the immediate horizon.
The fact that AVCT has re-installed its LFT website page is encouraging in itself. Combine that with murmurs from McNulty, technical chartist indications and the announced date of April 22nd for AVCT's results and interactive webinar all look very positive.
My view has always been that BJ will want to grandstand the Sovereign LFTs big-time. It's an opportunity for BJ to celebrate the support the Govt is giving to AVCT in Wetherby and ABDX in York and Doncaster, these being close to the so-called red-wall Labour seats that turned blue last December. I think we will hear some political noises early next week. The Press has been distracted by the sad death of the Duke of Ed, but, with his funeral on Saturday, the decks will clear for big announcements.
AS is absolutely no fool. I believe that AVCT will also be working on a combined Covid/Influenza LTF for roll-out in the Autumn/Winter. An anecdotal story here: my antibodies are tested by the Oxford/ONS testing service every month. My antibodies from natural infection lasted ten months. The greatest risk of a third wave will come late Autumn/Winter when it will become vital to discern Covid vs. Influenza infection. The incidence of Influenza last Winter (2020 into 2021) was very low, implying very low immunity for any forthcoming Influenza infections.
Govt has now got the plot and high quality LFTs will be absolutely crucial. Innova is merely a stop-gap. The proper kit is imminent. Holding strong and very good luck to all. Keep safe.
Yeah but Sujood said it will be different this time.
Worth noting the argument that the results presentation could be delayed was also trotted out the last time that there was a results presentation that amounted to nothing.
Ndn.... did Myles stand you up on a dinner date or something?
Hants : how is the British government pulling away from lab based testing, and how does that relate to NCYT ?
Your comments in the ODX board Hants which I agree with. I would therefor suggest the price is rising in anticipation of news rather than standard charting.
There's an Avacta presentation a week tomorrow which could also make interesting viewing for ODX holders. It may turn out to be a damp squib, but as news is overdue on many fronts, the results and being delivered 2 months sooner than they need to be and the CEO is doing an investor Q&A through choice - it seems likely that something is going to happen within the next few trading sessions.
Hi NDN,
No I didn't watch it - because in all honestly I don't believe that BAMS will move the share price by any significant amount anymore, if at all. 6 months ago yes, but not now. Infact, if a BAMS RNS landed tomorrow it might even cause a share price drop because it's not the borderline overdue LFD news.
The only customer of note for BAMS would be Governments. Our Government is pulling away from lab based testing as we have seen with NCYT. Others will no doubt follow once a good LFT is available.
So no - didn't watch it because I'm no longer interested in that aspect. I can't see it doing much for us anymore. I know lots of people here like to talk about boats and in my opinion that's one which we have indeed missed. All to play for with the LFT though.
Get a grip? huh? - I am just sharing my opinion Ndn, just as you have done.
I think we can all agree no method of trading is 100% foolproof we all make mistakes as long as you get more right than wrong your on a winner.
The share price rise is on technicals. I see Wyndrum and Bottomzup have been taking a bashing for saying it - but they are exactly right. We've bounced off the 105ema. I think I made a passing mention that it would probably happen in my post of last night too.
It's nothing to do with the BAMS presentation or the Myles tweet.
For those who aren't dismissive of charts and would like to learn, set your chart to 4hour and add in the Exponential Moving Average at 105. You'll note the drop a couple of weeks ago bounces off the 105 EMA, and we've just bounced of it again. Today's move was confirmed by coming out of oversold on the stochastic. Traders piled in and that's why the share price is back up.
Those wishing to bash chartists and traders need to remember they are not the enemy.
-The falling share price has been caused by Avacta holders getting nervous/impatient and selling out.
-The rise has been caused by traders piling in.
Therefore, if it wasn't for the traders/chartists the share price would have continue to drop away. The traders have done us all a massive favour! If it wasn't for them... we would be down another few percent today and probably the same again tomorrow (assuming no news lands).
We all want to see a big rise in the share price on RNS, and it's the traders who will create that rise. I bet nobody on this board will be buying more shares the day the RNS lands - so none of us will be moving the price up!
Johnny, he *could have done. Immediately after his tweet the share saw a small spike, this has happened with many other tweets he mentions, however, in the case of Avacta, there are many wary investors who are expecting news at any time. His tweet *could have been a catalyst for others to start buying (I know several who bought into the spike) and or the MMs to say, okay we'll let this rise again thus pushing the sp.
People thinking a tweet from a bloke called Myles on twitter adds 70 million to the mcap :-)
I can't remember the exact answer word for word.
However, I picked up some key words.......
"that's a very good question.......we are currently working with our partners Adeptrix...........the assy is currently available for research use only"
He sounded like he was choosing his words very carefully on this one.
I missed most of the webinar because I thought is was starting at 1700hrs BST, Maybe someone who listened to the webinar might give some more information.
What was the answer to the question, Shoc? Don't tell me you've had to sign an NDA as well...