Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Talk of gap closing on AIM shares in particular is total carp. Just individual anaoraks who think they have a tecnical handle on how the markets work.
Steve, I don’t think it does.
No one knows
I have never been able to understand the concept of GAP filling.
Can someone explain WHY a gap needs to be filled? What is the rationale? Do trading algorithms now ALSO use that as a reason for buying selling?
For example, a steady company trading along nicely issues a mega RNS at 7am outlining a billion£ deal that will transform the company. At 8am the opening price is WAY above the closing........So why on earth would it HAVE to at some point close the gap back to the previous close !!?
B2 I always thought it was easier to manipulate a share when there was more of them than less
Anywa, I'm sure the same technical guys will be banging the drum tomorrow sayings it is too cheap once theyve hit their made up gap number and blown their load over it.
The same who speech that said not to ban travel, but to test thoroughly pre departure, and on arrival. Market ignored that as it didn't fit the gap retrace narrative
Bluelight -
sp manipulators will be liking three things about Novacyt.
1 there are so few II's.
2 There are so few shares in issue.
3 The open-ended dispute with DHSC means this share cannot get near fair value.
This makes sp movement easy to achieve.
What has happened over the last few days will happen again unless more II's buy, or the DHSC dispute ends (don't care how).
+++
The share price is currently the ball of wool that the kitten is playing endlessly with.
The fundamentals are not affected, and news of more II's or the dispute ending will assist in stabilising (if not rerating) sp.
Hold.
We need figures for sales etc ,demand for PCR test must be going thru the roof world wide,and here we are sat at a paltry sp,the DHSC dispute is not helping,but hey this ( if we have to pay back more thn expected) can be counteracted with the amount of sales we could achieve world wide.if this Bod,s do not change their attitude as to news releases,we could be left behind on the starting grid,get something done with the CAB, like a share buyback,that will send the ball rolling.GLA.
There was always the risk of a painful retrace if the variant turned out not to be as big a threat as was initially hypothesised - the markets have made up much of the losses from last Friday when the omicron news hit the headlines and our sentiment simply runs anti to the main markets on this matter.
We won't hold on to big gains until the new CEO starts showing his hand, we will just swing wildly like the other 'covid stocks' -
Still I'm happy. We're up about 60% from the lows of November, PCR testing is back in focus, covid is back in focus and we will (most likely) have even more cash available (and possibly substantially more) to proceed with the expansion of this company beyond covid.
Island girl at least you got the dog to play with so not all is lost
Bluelight, I agree with some of your points on the chartist nonsense but it's a bit of a leap to lay the blame there for todays drop. A cursory look at the FTSE100/DAX etc shows the general market Omicron fears faded due to some comments by WHO regrading vaccine efficacy. Whether this turns out to be unfounded optimism we will find out over coming days and weeks. But it's a clear reversal of what occurred last Friday.
Well said Bluelight, somebody had to say it!....most on here are afraid of their granny, most honest couple of post I've read in a week!
It's a total joke.People will find other things to invest in outwith the aim casino and they will be left to play with themselves.
Maybe I'm being too gentle with them. Honestly I loath it. Every gain has to be retraced because its a gap etc. Just let the f'ing thing go up. We are a pcr manufacturer, news out means all countries are chasing covid testing to control the spread. We should be double, treble this level, but we aren't because there is an army of small time wannabe technical traders that follow each other like sheep and cause it to always pull back. Sick of them. If they didnt **** about with the share we could all just buy and all make a killing. Why does every gain have to be retraced, its bloody counter intuitive
lol..that's a bit strong, they should be made to stand on the naughty step and forced to do Algebra all day.
We should be at £7-8 minimum this week given whats happening. And yet here we are at 3.5 because some pricks want to draw a line on a chart and claim it has to fill a gap because a f'ing chart says so. Give me bloody strength. Do fundamentals not matter at all anymore. All chartists should be lined up against a wall and shot in my view.
@Woody
You should have plenty of experience in that regard.
Just having a laugh.
I don't know if I should even read through, bunch of organised charlatans start spouting off before it's like the starting gun 340 this 340 that... and lo and behold only ukcompany on the new list drops hugely on
nothing bar an organised gang. Who said the fca was shizer I'd recommend that post.
I wish these guys would stop f'ing about with all the covid stocks. Up and down 40%, 80%, and we get yanked around despite the fact we've had some of the most bullish news in our history for our future finances. Only Nova can post significant share price losses when its underlying business gets the mother of all boosts. Come on mm's give us a freaking break.
No ones listening... The shengin agreement is being broken... By e. u..... China wont listen.. us wont listen..... Its becoming a free for all... Its not joined..... Hop skip jump... ...
From BBC coverage of WHO conference:
The WHO says travel bans will also not stop the new variant, saying they "damage lives and livelihoods".
Instead, countries all over the world should have more comprehensive checks on passengers: testing before departure, on arrival and symptom checks.