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Nice post, I always enjoy reading your posts...
atb
I’d agree with the requirement for caution and consolidation if the rise was on hype but it isn’t.
The rise is because a lot of money was sat on the sidelines waiting for confirmation that the RTC could nail the test accuracy, Omega could make it, and the gov would buy it and not shaft us and go with big Pharma.
All that was as good as confirmed by the CEO in the interview yesterday.
The speeding ticket even basically confirmed that the leaked article in the Daily Mail from 26/4 claiming the gov was ordering 50 Mill tests from the consortium is actually factual.
After all that confirmation yesterday, the big players who see the potential in the scaled up manufacturing numbers have gone risk on and will continue to pour money in here until they’ve loaded up and that could be a while yet, maybe £1-£1.20.
Meanwhile, all the mugs who sold for a small profit will FOMO back in at a mad scramble when the confirmation RNS drops this month. They’ll be buying at £1.20 and over and see us up to £1.80 easily with confirmation of orders and margins.
That’s how it will play out.
There will be retraces and dips as there always are but we’ll be in a general upward trend towards £1.80ish now IMO, for the next 2 months or so.
Trade the retraces if you like, whatever.
Quids coming. GLA.
Would be great Sir ....especially as I had another wee top up in the 60s this morning but No more as I am scaring myself how many I have....again your words of wisdom are always welcomed...
I agree Merchant, a nice consolidation in the high 70s or low 80s would be nice, to build a strong base before we get news and head further on up. Rise and consolidate is key, I don't want to see a Genedrive type rise here, slow and steady wins the race.
Wouldn't mind see it stabilise around 75p and have a few days of 5% rises just to calm down the volatility, or 85p fine too!
77p now
Yeah time for you to go lol
atb
this is a share you can cownt on to get your moo watch!
Taxi!
Omega moon watch...on a phone lol...before I get pulled up for spelling lol...