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Tweeted this at 830am regarding #qbt
#qbt up on low volume likely to test 1.50-55 got 335 views
check the price gambler....and yes i was in
As usual u miss the point ....
CDT just released news...... funnily enough if CDT moves up so does VELA. But if its just charts then CDT should not have any bearing on VELA as the charts don't rely on news or fundamentals as you have said previously....
There is your move on cdt,i wrote yesterday of the strength and todays move will be confirmation,you got confirmation...who said charts dont work?
Looking good
Touching $3 and the volume is at a modestly good level two thirds of the running average.
Looking good but let’s see what the evening and tomorrow brings.
At least we know we now CAN sell our Vela piece of CDT when the price is right, no rush though. CDT news flow could continue.
Touching $3 again. From memory about $3.5 is par for our original investment and obviously $5 is par for realising the full benefit of the put option ( which was weighted in our favour ). Anything above $5 will be fantastic news.
Conduit Pharmaceuticals Announces Opening of Prime Laboratory Space in Europe's Leading Life Sciences Hub
SAN DIEGO and LONDON, March 11, 2024 (GLOBE NEWSWIRE) -- Conduit Pharmaceuticals Inc. (Nasdaq: CDT) ("Conduit Pharmaceuticals" or "Conduit") today announced the opening of cutting-edge laboratory space in Cambridge, United Kingdom, a global centre for research and development for companies at the forefront of life science innovation. This strategic acquisition marks a pivotal milestone for Conduit, positioning the Company for portfolio expansion, enhanced development capabilities, and growth of a robust intellectual property portfolio.
Now AIM is not logical and neither is the world. But imagine for a second that it was: CDT will fly on the unusual but positive scrap of news, and VELA would fly on the back of the MWE news and the ( logically predicted) CDT rise. You can but hope……and prayer.
There is CDT news today and with the US daylight saving tight being out of sync with ours we even get it early. Cambridge labs acquisition. Here it begins……
Yes, unfortunately like the bulk of our investments we are heavily underwater. The upshot being that some have bounced off their bottom. MWE actually has paid us a dividend in the past as well!
MCap - £2.6m
Value of investments and cash - £5.05m
Made me chuckle.From memory our buy win was 35p...but actually 80p...so only 50%+ down now. Thats more like it !😂
Must have been a decent RNS as is motoring today...and I think we might be near being in profit on this one!
The relative strength index over at cdt ,14 day reading at 47 and the last 5 days reading at 52,showing strenth,coming week will provide some validation ,whilst the 14 day rsi #vela has doubled from 19 to 40 see chart
https://invst.ly/13wz4-
0.16 is pivot point ,break poss next target to 0.18
https://invst.ly/13wgj3
Its not down
Lol and back down it goes..that's more like it
This is in chris cookes area of buying,
he has slowly been averaging down since his first buy in july / 22
where he took 757,650,000 @0.0028 , £217k,
at present , 1,490,645,954. @ average of , 0.023 , £345k deep
this is in spike territory,
gla
Everyone must have either left this group or the share completely ...usually this board would have people on saying it's going to the moon and other such rubbish as the share rises 12%. Not sure why the rise has happened....what have I missed
Bounce is poss on today
Be looking today
You will more often than not see a sign in sp m'ments when a POSS move is going to be made ,a rns in volume ,mentioned last week and week b4 i think about #clon....got a 24% profit ,if anyone remembers
This is a discussion board. If all we spoke about was charts then there wouldn't be any chat. If charts are your thing then good on you.
Back to the facts of this share:
MCap - £2.3m
Value of investments & Cash - £5m
Currently valued at 45% of the asset value.
All at time of writing.
Ensi to £1.25 with 750k shares coupled with CDT $6 dollars. They'd be more buys than black friday sales.