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Sentiment will return very quickly. It’s easy to buy when things are going great, not so easy when we’re at a low ebb. However, experience has taught me these are the times to buy. I see far more upside than downside at these levels. If you still believe in the company then you see this as an opportunity. Time to look forward not backward. The markets a fickle place, if there’s a hint of positive news the buyers will be back in - in a heartbeat! GLA
I think you're right HotChip, and I think too that sentiment will quickly return here. All the shares I've bagged on and those I wished I stayed in longer had periods of sharp negativity and SP decline like we have experienced here, even though the fundamentals remained enormously positive. I hold this for two reasons i) Hvivo is fundamentally a supplier of a range of unique services that currently meet an exponentially growing demand ii) CF's interests are entirely aligned with shareholders. All the rest is noise.
Does it really matter if he is dumping shares and it takes weeks and weeks? It is what it is, just let them get on with it. Come back to this in October and I believe things will have improved and there will have been 1 or 2 more dividend specie's announced by then hopefully.
It would be good if this was one seller. It has to be said they make Invesco look like angels. At least Invesco had consideration for the share price and although they suppressed it considerably for a long period of time, they rarely crashed it. I think they have had a large part to play in the last 6-8 weeks. (Just my personal opinion). So will be nice to see them fizzle out any time about... now :)
I think this seller has taken away momentum when it wanted to happen at various times over the last 4-6 weeks. And when this happens investors can decide to wait to make their purchases, which then dents confidence overall. My personal feeling is there are a lot of people ready to buy. And it could really get momentum again.
It will be really interesting to see the new momentum that happens when the bears wear themselves out. I have really been thinking about Benjamin Graham’s description of the market being manic depressive. This has certainly been a depressive stage. I have a signification ORPH holding. A number of times I have felt the optimism come back in in the last weeks only for the seller to suppress my enthusiasm. I believe when the market does turn we could indeed be heading up and all have forgotten this.
But I also think about Buffett and his phrase about the market taking wealth from the impatient to the patient.
I believe some key things that will help now are:
- When the big seller / sellers are out of stock
- When we get some real revenue figures that we can rely on for helping to forecast the total revenue for 2021. Maybe some clues this coming Monday?
- News on DIM or other dividends may or may not help the share price, as has been shown in the past. But some more concrete info will encourage the LTHs.
GLA
or not. 266k & 93k sells but we have a reversal of trade from yesterday of 250k. There is plenty pf none sense going on here in terms of trades. I will get ridiculed but we have had for some 6 weeks a 6 &/or 8 an trade going through daily if not more often. This never occurred a couple of months. SP being controlled. . If ex Dir is dumping his full load then he has c17m to get rid of. Just think about that at 2m per week its going to take 6 to 8 weeks & we are at c week 6 to 7.