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We must be so close now to a paradigm shift in sentiment.
An abundance of great news is out there regarding the investee companies.
Whilst the positives have been building we have suffered from the perverse and persistent inability of the share price to respond.
Once any upward momentum becomes established it could well mushroom, for the potential for TERN to experience an explosive upward re rate is undoubtedly there in spades.
"128k was after I calculated prices with bid/offer prices at the time"
'Calculated prices'? The trade price is the trade price and there's no way you can know if any trade was a buy or a sell, whatever the price. The displayed mid price that ADV or LSE use to determine buy or sell guess is also taken off the bid/offer at the time.
but his 'rumours' and hearsay never come to anything and he's known for this
Look back when I have stated news from an external credible source they have always delivered, when its been untried sources not so good, of course when I've put expecting news it's usually wrong.
128k was after I calculated prices with bid/offer prices at the time and discounted rollovers. It matters little whether I'm trusted,liked,hated,abused etc etc as long as we make money and after the interview and results of this week it is becoming more likely that people buying in today are going to do rather well at some point over the next 6 months. I have continued to add and am now nearly at 6m. My little birdie who has rarely been wrong is expecting something this week but he might mean an update from FVR as they have already informed me that they expect an additional update this week, probably another management appointment as imo they ready themselves for a float . Time will tell whether that opinion is right.
Any LTH is also a trader as we are here to try to earn a living and to sell when its right and profitable to do so
Ah yes. I know who you mean by clown2 now. And don't trust him further than I could spit. Sweepie is part trader, part lth. He ramps when it suits him and deramps when it suits him. Broadly, I think he'd like to see a rerate upwards, but his 'rumours' and hearsay never come to anything and he's known for this. So, transparent. But most rampers and derampers are. ADV has little if any rational discussion. But that's not to say all the optimistic posters are ramping, some are genuinely enthusiastic and truly believe. And there's nothing wrong with that. Derampers also talk crap. Not all, but most.
You are wasting your time, the clown is part of the ramping team, he alleges constantly that " buys are being marked as sells". He knows darned well the true picture, but some listen to him.He works his passage along with Clown2 who makes up the holders holdings, all of whom of course are on the AFN bb, coming up with a total figure of 132% of the shares in issue.
How do you know there were net 128k buys? The buy/sell figures on ADVFN? Did you read my post below?
AS mumbled about syndication halfway through a 2 minute spiel that itself was half way through a VOX marketing broadcast that included half a dozen other companies. He mentioned NAV more often. And how many people do you imagine would have heard that or picked it up as meaningful? So there's no mystery. Stop spinning it.
Fact is that AS, who's not a great publicist or public speaker, has implied directly that one or possibly two syndication events are likely at some point within the next six months... ie a large external investment into one or more of our investees. He wouldn't say this if it wasn't on the cards and will constitute a degree of rerating as it will help to value which ever investees are bought into.
This is good. But it adds to the 'slow burn / sudden launch' thing that is Tern. Not many patient investors on AIM, merely punters looking for guaranteed short term hits.
Friday was indeed net buys but only 128k odd after the afternoon big sells, very strange when AS is telling us all that there are two revaluation events coming up if so why sell this week in the numbers people have been selling in around 1.05m net sells .
If DA is really worth around what we hope it is then the price should have been rising all week not falling, it really is a mystery, we are either being played or it is one of the biggest disconnects of value in the history of the stock market.
Not long to go to find out who knows could well be this week as AS seems desperate for the market to believe him that we have two revaluation events coming, probably to get the price up as a suitor for DA is hardly likely to pay tens of millions let alone hundreds or billions when the majority owner of DA is valued at £19.50m.
So if my theory holds water I will be expecting other attempts by AS to get the market to believe what he is saying as currently people remember his slingshot to the Moon nonsense and think this is the same
Excuse my ignorance Bernie but what's the RSP?
Totally agree antelope. Spot on.
I have access to the RSP so I can generally get a sense for what is a buy versus what is a sell.
rhodi, no one except the punter in question and the MM associated with the trade knows whether a given trade was a buy or a sell. No one. Not LSE or ADVFN or anyone. What LSE etc do is say 'well we'll take the mid price between offer and bid and say that any trade that's priced above that is a buy and any below is a sell. Just as a general guide for our users.'
So it's a guide only. As a rule of thumb, it's generally reliable, especially for summed trades over a long period, give or take a bit. But it's not great for a single day's trading. We don't know whether buys exceeded sells, although at an apparent ratio of 2 to 1 it's true that it's likely there were indeed more buys than sells in this instance. But not guaranteed. In my humble opinion, all that's happening here is that that load of shares that were sold a couple of days ago are still being worked through by the MMs. Once that's finished, the price should rise.
Often what's referred to as ramping on here isn't ramping but is simply slightly misinformed impressions gained by people who don't grasp how the system works. I'm a very long way indeed from being an expert in any of this. It all strikes me as deliberately confusing and mysterious. But this is a fundamental issue that I do get... the buy/sell ratio on LSE or anywhere else is a rough guide only.
Buys exceed sells eh, what gave you that idea, don`t tell me you take note of the guestimate of trade types computer based
via the mid price.If so read the warnings which come with this so called " information".
2 to 1. Yet the sp drops again. Manipulation at it's finest. Soon an rns which tells us who has been gathering. Then it is rock and roll time. Topping up at these prices before re rate as per vox podcast. Cannot believe investors are missing this opportunity but more buying than selling so maybe not. GLA.
The other annoying things the rampers constantly rabbit on about is there use of silly cliched words and pfrases, " topping up, no on line buying available, ", and the show stopper when they announce that there is a firm` volume limit`.
Well there is a limit , that is no secret, see below, but only for the volume shown by the mm offer him an enhanced price and he will trade.-see below...
Previously called Normal Market Size (NMS), Exchange Market Size represents the number of shares market makers are compelled to trade at the price they are currently offering. In other words, this is the number of shares you can safely trade without the market maker being allowed to charge you extra by widening the spread significantly.
Have to agree. Sweepie, MMs couldn't give a toss what the price is as long as people are buying and selling. That's what they exist to encourage, which is why they're called 'market makers'. Their dosh comes off the spread. Some might hold shares for a short while prior to a price rise but for the rise to happen, punters like you need to buy. I do get tired of constant harping on about 'MMs'. Tern's a tiddler. It's people trading that drives the price. On the ASX you can see people's bids appear. I bought and sold on the asx and each time, on Hot Copper's market depth indicator (which doesn't seem to be there any more) I saw my trade pop up in the listings... exactly by quantity. What I don't get is why on the AIM, the actual value of punters bids and offers get obscured by MM round numbers. Perhaps it's about quantities.
Market makers are in competition with each other, they do not " gather shares", they live on the spread.
Today between them they have traded around £70k worth of shar es, the spread averages about say10%, so between them , not each they stand to make £7k, tea money.
Do you really think they have team poised to stuff shares into the safe daily, today being a good day for them actually.
TERN is of little interest to them, to read the bb`s one would imagine they did nothing all day but examine the TERN market.
Market makers aka the naifs whipping boy.
Better back to flat and onto blue this afternoon
Another 160k odd taken off the table but still red, looks like they still want to gather shares instead of letting it to rise to find sellers at better levels the greedy little so and sos
Another 150k taken off the table, will our diminishing overhang be gone today?
Yes around 780k but going, going, gone but the price had factored those sells in on the day of the sells
Anyway bid over mid so next buy or two and we should be back to flat
Thousands were sold a few days ago. That lot have to be soaked up.
Yes true but BB's always a place to post opinion, theories and speculation , I see buys continuing at a slow rate but MMs holding it red, unless there are large sells in the pipeline this drop is fake, expect it will end blue
Afraid I never visit ADVFN as it's full of nonsense. And whilst it's good, and appreciated, that you post news, hearing that there might be news from somewhere else is not in itself news.
If you read ADVFN I don't ramp, I will post here whatever the news is as it is unlikely that Tern will release a RNS
Yes there's ramping. But it's so transparent as to be laughable.
You don't 'get people to buy'. You build the company until it represents an advantage to larger companies to buy it, and they approach you. That's a long process.
Alsop Louie, SANA and the Mayo Clinic would beg to differ with you.
Yes it's your opinion. So don't state it as fact.