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Completely agree, ODX is only going to become more important and more valuable as a company as we get further into autumn and winter. People will wake up to the importance of testing and especially LFTs that give an instant result wherever you are, especially as colds/flu becomes more prevalent. Demand for tests will sky rocket even more than it is currently and by that time our capacity will be a lot higher and the company will be thinking about expansion above 2m tests / week.
I am guessing people selling some now are either sitting on huge profits that they want to bank, haven't researched the company or can't fathom the scale of demand for LFT, when the public are made aware of them.
For me, December/ January is and always has been prime time for the SP on a short term outlook. At which point ODX should be producing circa 2,000,000 tests per week. At which point I’d expect the SP to be multiples of the current.
Each to their own. But selling out whilst at around 25% of future manufacturing capacity, awaiting gov orders, global orders, MHRA approval, WHO approval, antigen testing ect ect ect. Especially as the need for testing grows during winter and as the second wave grows more rampant.
But to sit back and watch the SP go exponential over the next few months... wouldn’t wish that on my worst enemy.
It is natural for people to take profits and before the 52 week high would be a target set by many people to bank some profits. Without news, I think we will churn at 85-90 for today and tomorrow, but when we run out of profit takers or get news, this will run up fast straight through £1 and not look back.
I know some people are selling. I haven’t mate the tip here and he bought 58p. 2p lower than my average over the last 6 months. I was lower but topped up on that spike to 90 months back.
I told him it will get to a pound then he is on his own what he does. I said I’ll go to 1.20 or 1.80 and slice a bit off.
He messaged he sold at 86 this morning. Got scared. Hey he took good profits. However I hope to god he regrets selling lol
Pretty sure he will.
If you believe conditions are ripe for a flash crash type tree shake, you can of course look to turn this to your advantage by placing a limit order to buy at (say) 5 or 10% below the current price. Once this is in place, if such a shake occurs you'll join the MM's in hoovering up shares from those who set stop losses.
There have been many,
Rockhopper
Xcite (that one was caused by the directors selling to crash the SP, they bought back in lower!!!)
GKP
The list goes on, just needs a few things to line up, and those ingredients are here at the moment, so be careful.
Aberdeenman
I don’t use stop losses in AIM. Too easy to get triggered.
Rockhopper was the tree shake of all tree shakes I recall. Someone who was in will give you the numbers
"Aberdeen man this is new to me. Do MMs see what stop lose someone has set?"
Agree withJAdam.
As for do they know??
The market is rigged against PI's
Spread bet companies are cosy with brokers and MM's
You can look up the number of SB's on a company, MM's will know the proportion of stop losses from the Brokers
Just remember if they could rig LIBOR then little old ODX share price/stops is a piece of cake.
Been plenty of complaints over the years to the FCA, nothing has happened.
Aberdeenman
I remember 1-2 months ago it happened with TILS. It was a crazy, sudden drop with many stop losses triggered. The MM had a field day and within minutes it recovered. Many PI's returned to their portfolio when they finished work to notice that their stop losses were triggered and they now had to buy in at a higher price than which they bought.
Aberdeen man this is new to me. Do MMs see what stop lose someone has set?
This is ripe for a large, flash crash type, tree shake.
All the ingredients are there, share with a large following, awaiting news, nervous PI's and stop losses set.
I for one am ready to buy more, but I would urge PI's, especially newer investors, to be careful, even if you have a lowish stop loss set, consider removing it, and just monitor instead. Seen too many people robbed by a dodgy crash/shake
Seen it too many times!
Aberdeenman