Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Agreed Fruits.
Thank you TTony for your chart insight. I do not read the charts. I appreciate you and others putting the time in to analyse , feedback and give us your POV, whether scenarios come to pass or not. The more information, the better we are informed should we wish to use that information.
You say "positions can get managed for a variety of reasons...... Some of you will call it a tree shake or simply a test of your faith and resolve... to dissuade you not to keep your position." The closer we get to results the more this applies IMO. Not every de-ramper arrives loudly on Monday at 8:00. Some have been here all along, disguised as LTH's. It's a subtle art form, de-ramping. DYOR, because their agenda willl only ever align with their concealed interests. And there is a lot at stake. I think many on here are smart enough to have worked this out though...... Take care and GLA.
Agree no trading for me, if I can survive the Nov/Dec battering then I'll do what I did then and keep topping up if the price suits. There are also quite a few reasons that I believe news could drop at any time...
- 5 weeks post Home Trial finish so they've had access to the data now for a week and will start to discuss the new findings with the various drug approval authorities.
- data monitoring committee for ACTIV2 means people are already looking at the data as it comes in
- Activ2 has circa 100 clinic locations and with just 200 patients for Pll, this could fill at anytime. ACTIV2 is designed to roll seamlessly from Phase ll into Phase lll so we could get news on that at any time. - The company could announce additional news that we are not aware off at any time, one bit could be confirmed manufacturing scale up
- the science keeps telling us that this treatment should work and should be very effective
- there appears to have been a lot of background buying over the last few weeks...WHY????
GLA DYOR
Think I’d rather stick my head in a wasps nest than sell now, I’ve come too far!
GLA.
Agreed, way too risky trying to trade these shares now - could take off at any time! Time to sit on those hands.
I’ve been in too long to worry at this stage, I’m a long term hold, I will not risk my shares at this important point (so much news due at any time). I will not day trade, try to time buy/sell for a few more shares, I’ve held this long including pre July news and vaccine news, I’m certainly not worrying about a chart analysis, charts break down, who would be willing to risk their shares at this point....not me that’s for sure. GLA
I get this on a regular stock, but there’s so much news that could drop, it’s a higher than usual risk to try to trade them for cheaper prices. Say Activ 2 says they’re satisfied with the phase 2 interims and move to phase 3 plus EUA, you’re screwed.
Likewise it’s been 5 weeks since home trial final dosed, so again news could leak anytime.
We’re due a month of news leading up to the big reveals in April, good luck if you’re trading, I’m closing my eyes and hanging on in!!
Tornadotony - appreciate the info. The rise and drop today was disappointing. I sold a chunk on the way down because it looked like a pump and dump scenario. I will buy back after the drop. I might as well save that loss in between.
The disappointment this afternoon has left the stock retreating in the down channel on 5 Hourly chart. Now 6p may not seem a lot for many fundamental investors, but the chart data is simply not looking brilliant tonight. Synairgen has a track record of running both rising channels and falling channels at 2 to 3 weeks at a time. Today was a chance to flip trend quickly, but instead it reinforced the chances of a stock price pullback by maintaining the down channel. So the share price may fall for several days. The potential good news is that 152p may act as support and form a double bottom with yesterday and the drift down is slow and relatively shallow. Of course there is no guarantee for that to happen, but we have the rather impregnable support at 118p that goes back to the July manic Monday on the chart.
Some of you may ask why on earth should Synairgen now be a downtrend. The reasons for this do vary. For example a predator company might want to put in low offers in a takeover bid so they short the pants off the stock through multiple sources that do not reveal the stock is under a short attack. It could be that as we approach trial results or end dates that existing holders take some shares off the table to get the shares back at a lower price and rally higher and do a repeat cycles so their cash risk is lowered by the time results come in (they are responding to 30% failure risk). In essence positions can get managed for a variety of reasons and the direction based on fundamentals does not always flow in the anticipated direction. Some of you will call it a tree shake or simply a test of your faith and resolve when a seller is trying to dissuade you not to keep your position. Others on here will see it as a trading opportunity and may help the downtrend by selling into it with the intention of re-entering if they see a break out of the current channel as the best use of limited cash resource. I therefore suspect volatility is possibly coming and its the nature of the beast.
There is of course nothing guaranteed by chart examination, but if it happens be ready with your strategy of what you may choose to do even if its switching off visits to look at the share price. Tony