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I’ve been saying for a while someone is reducing. Just my gut feeling. For quite a while now, 5,000 sells every day keep going through, probably close to £20-30k a day consistently.
Yes a few buys too but that to me feels more like PIs buying on dips
As I say, just a feeling based on round numbers, consistently each day for a week or two as if someone is trying not to crash the price whilst reducing
Have a good weekend all, can’t go wrong at these prices imo. Sit on your hands and wait imo
Sam,
Im not saying your trading is rubbish £12k is not to be sniffed at. I am saying transparent comments like "I'll buy back at 55p" are rubbish, especially when you have been talking it up the week before. Each to there own way of trading and I clearly think there will be news before you do, I suppose thats what makes the market.
Sorry predictive text got me there.
Ps just my opinion
Re: Dan
Sold and brought back in on highs and lows. Todate 12k up, so not rubbish. I probably exaggerated 55p, IMO there’s not enough to keep this rising. There’s no product ready for market, they have to redo trials for trauk, clev is still a while away. To me you can make money here by buying on the lows and selling on the news highs. My expectation pre news tbh aren’t he 95p mark
WTF price has dropped twice, down 4% on 1 sell someones having a laugh
Peel and Wins in full control here...
Both bidding 110
Peel offer 115 Wins offer 117, the next mm up is at 125!
As I said earlier, I’m expecting this back flat end of the day.
More than happy holding £6k at these levels now. More than happy :)
If SLN can tie up a big partner deal, and they don’t even have a phase 1 and are years away from anything, think what Faron can do with what we have at this stage. Mind boggles! Read SLN RNS which gave me a good flavour of what we can expect here and how these partner deals seem structured
I listened to their conference call too, and what got me was the level of support and resource a partner offers.
SLN are probably 2-3 years away from any commercial output (minimum), Faron could be a year.
It will be interesting watching what Peel do now, they are currently the only mm on the offer at 112 with the next one up on 117. If they switch and go on the bid I can see us moving to level or even blue pretty quickly.
mm's making the most of pi's getting spooked imo, going off the size of the trades.
To be honest I’m not sure what triggered it.
Sounds like stop losses triggered, quick increase in volume 10% plus drop very quickly
I was hoping to come back next week at £1.17 ish but had to now add £6k from my cash isa to buy these back at that price
Welcome back ;)
107 looks to be a great buy in price, hopefully a few of those selling out today are replaced by more sticky hands.
Dnat let’s hope so :)
Sadly I sold out at £1.20 as traded into SLN, made a few hundred but never expected to come back to today’s drop so bought back what I sold at £1.07, £600 cheaper :)
Was always coming back in on a slight drop but never though i would get this price!
My average was £1.36, so made my loss back on the trade taking my average down a treat
Spike,
I respect that you have reasons for your post rather than the traders usual rubbish of "I'll be back at 55p", having said that I dont agree with you and think we will have news well before October especially on Clevegen...the number of patients being dosed is increasing as are the locations, I expect these updates to start becoming more often as the start dates are not aligned neither will any results / findings.
Its funny to watch Sam's post change as he clearly looks for a cheaper buy back -
4th July at £1.33 (was this just before you sold?) - "Agreed Toni was imo brought in on the advise of the partner. I’ve already made a packet here and there’s so much more to be made".
Skip forward 2 weeks and you think you will be buying at 55p...
Small pi's selling up while the major holders continue to accumulate, did someone say shrinking free float.
Big shake! Will still end up flat today imo
Tick , tock lol
Ah well...looks like you won't buying any more Farn then Sampsun...greed is a nasty trait
I’ll buy back in at 55p
Dnat my view for what it’s worth;
Partner news - late this year. You wouldn’t issue an RNS stating H2 to them do a deal a month or two later, plus it’s clear from the interview the partner wants more efficacy data from what I gather listening carefully. So, H2 sounds about right
Re Clevegen, again, no dates given, but sounded as if nothing imminent given latest data release. Imo we are probably looking 2-3 months here when you look at last data, highly unlikely another batch will be issued so soon
T - god knows as we are lacking detail on next steps and timeline
Sadly imo it’s drifting down on low volume as there isn’t any appetite to “wait around on aim” when people could take a loss, invest elsewhere and come back probably same price or lower
Imo we won’t hear much now until October time but you never know
Please confirm specifically which part of the interview suggests this -
"Partner news closer to end of year. No immediate significant update."
Partner news for Cleve or Traum could land anytime for all we know one or both could be at advanced stages already. The Cleve trial is open so significant findings could be reported at anytime especially as the number of patients involved increases.
I thought looks like a slow drift now. Partner news closer to end of year. No immediate significant update. I think we will see a 10% decrease in share price tomorrow.