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Good grief
Possibly/probably/maybe:- 33-36 range trading now. Makes the City quite a lot of algo-money. If I’m right, best to leave and wait for any of the further updates. Share is divorced from company news. As we see, short and fleeting rises. If not going to capitulate (everyone’s choice) then imo healthy to try and just accept the unlikeable as being unlikeable . A lot of frustrated holders. Rightly so. Sell or accept it as being how it is.
Or just ignore my posts . It’s fair enough to.
Robins. If you are at 65p. relax and enjoy holiday I hope. The market is jokers wild I am afraid. At the moment. Mm’s want to keep many many shares ( apart perhaps from blue chips) as low as poss. Companies with big institutional holdings have more clout. Volume affects price as mm’s fulfill supply/demand. But the trend is to keep sentiment as low as poss so retail holders get fed up and sell. It’s the case in many many shares..particularly AIM but also the 250. So many dynamics at play…but ..controversially perhaps..imo …one of the biggest is to separate impatient holders cheaply from shares in reasonable companies. Buffet wrote of it. Keynes did about pre Great Depression stock markets.
Since 2008 this market has become increasingly day trading and “ casino-like”.
AT’s rule the roost and pay off the Lambos.
Takes superhuman patience to be a mid or long term investor. Frustration is endemic in holding. I have held one company 8 years. But it has become a day trader’s market really. Even Dow/Nasdaq/S and P.
Detached from fundamentals.
SO departed . 2 great RNS’s . 35p. Yes it is ridiculously undervalued. And funded until end of ‘22. The market is white noise .
Bit of a rant….but it’s all become a bit silly.
Time to switch off .
I actually think days where we lose most of our gains pi.s.s me off more than red days. I genuinely can’t remember the last time we didn’t close more than 5% down from our intraday high.
Another 7% lost in a few hours today. Awful.
Neither have I sold a single share. Two old fools? We shall see what transpires. Best of luck.
More range trading ahead . Eyes to heaven.
Time to just pocket this and not bother looking.
Just look at SNG to see how mm’s rule the roost. Up /down. Jokers’ market.
But, as today’s RNS supports, I have not yet sold a bean ( honest).
"The stock is so dam OVERSOLD its bloody ridiculous...."
According to which indicator? The RSI says it's not OVERSOLD. Not on any timeframe - not on the 5m, 1h, D nor W.
Look at the trades, bots r killing it. Merck on vaccines have a decision to make in October. Extend or not. Possible milestone payment or... buy the lot. Today’s news helps to prove up the platform, clearly there’s something significant in it with a brill safety profile t’boot.
A buyout seems very likely imo
Why the SP has not yet exploded on this news is beyond me...
The stock is so dam OVERSOLD its bloody ridiculous.....
Lets see what they do stateside this afternoon
GLA
Crl123 what gets me is if the a trade sells drop the price each day by half or one pence just when we are on to a roll how are we ever going north. The a trade buys rarely take us in opposite direction but suppose all out of our control. But our science seems to be working which is fantastic.
My take on it: the RNS is further evidence that the scientific basis of this company is great. But... until the financial situation is cleared up (how they're going to finance the next 6 months with the Oxford finance loan having to be partially kept in the bank) this share price won't hold gains.
I agree with what someone said below- finances cleared up, and this share price rockets.
Just the way I'm seeing it after being in the company for around 18 months (I know some of you peeps are much longer holders).
You gotbit Scrambler. It’s how the market makers work. Short term daily. Up when they want shares to fulfil demand, back down when they want buyers again. Makes for a vacuous market, detached from its source ( company).
The thing that makes me laugh is the silly comments every day about how the nasdaq is “pulling up he share price up”
I’d say 99% of the time, at 2.30pm when the nasdaq opens, our share price plummets.
If the US Market and it’s awful volume play any part in our share price at all, it’s not a positive one.
We have had our fun for today!!! Now back down :(
(not today, obviously... though i fancy 38p for today's close and get back over 40tomorrow). might as well wish the sp matches the news...
what's odd is that the price won't stick. frankly, after the 57p in march this should now be heading towards 70p.
maybe it'll surprised us all...