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For the purposes of transparency; my assessment is that buying pressure has now turned a corner. I have therefore closed my SB short and will decide when to purchase additional shares to add to my long position.
Ophidian
Hi Ophidian - Buying pressure? Not sure about that as I've been trying for the last hour to dispose of the last of my shares and it's been NT for anything over 100 shares!
Last 50 Trades 3:2 Buys in both number and volume. Previous 50 Trades >3:2 Sells by volume and equal on number.
It has turned. Or is turning at least.
Ophidian
Maybe so over a few day period, but today there have only been 15 trades totalling £15k, the last three of which add up to less than £500. There is just no interest here at the moment and MM's do not want any stock.
James - the point is the selling has stopped ! MMs now have a long position of 4.5 million so not surprising they don't want to buy more right now. Their next move is to sell them back to punters at more than they paid for them...…. think about it
Ophidian
Thanks for the helpful info , I was hoping to start putting some profits from novacyt and hopefully sng in here before it started climbing again ,and the technicalities of knowing when to do this are beyond my knowledge. I got some more Bmn just before the Latest rise so hoping that holds too
Ophidian - I understand what you're saying but the selling has stopped simply because you cannot sell, believe me I have been trying. Also nobody is buying (less than£10k buys today) either, hence my comment about there being no interest at the moment.
My advice, for what it is worth, Ophidian formulated a protection plan for his investment and has now changed it ....
If you guys believe in what is going on in relation to ALGW, as company, you will definitely buy!
If you have doubts you don't buy and leave.
But these prices are very very cheap and many LTH do not have these prices as an average , but they believe.
We all do agree GS needs to pull his finger out and make a few cosmetic changes before the big news and the price will still rise
If the directors bought as well ...hey presto!!
Guys at the moment there are plenty of trades about with short term profit so I wouldn’t expect the herd till 2or 3 weeks down the line . Anyway if you think you may be able to deduce the end result here you should buy but if you think it’s a scam sell , I doubt Danny or Austin would be still on board unless there is a sunny upland close with or without GS , why ruin your career when a job with a big company would be easy with Danny’s cv Just my opinion GLA
@HullFC - to be fair I haven't changed the plan - I've simply executed the next part of it crystalizing a gain on the short SB position to offset the loss on the shares held Long. It could turn out to have timed it wrong - but my estimation is that a short position is not going to appreciate further.
Ophidian
Cheers Ophidian
Hull, listen to the podcast from last week. Obviously too much time on my hands.
To follow up on HullFC4ever post these guys have been late on every milestone in the development of alpha present position the aim of the hybrid is the production of asset backed bonds against the value of life settlement policies aggregated .It is my memory but they raised money to pay legal fees for their “multiple” deal for relatively new financial products . Yes the comms have been bad but the company has as a director one of the best in the field which is competitive and HE IS STILL THERE . GS appears indifferent to the investors and the share price , a few buys would send the sp shooting up , in reality we don’t know who the prospective lender is but there might be a way to square this never ending circle , keep Danny interested employ Austin and satisfy Gobind with cash , and that could be a possible explanation for the present situation . Whether it will happen on the first “deal” or shortly after I don’t know or even at all but it is a very credible explanation for the present company situation . Imo DYOR GLA
I agree they have been late on everything, the only thing keeping me hanging here is the fact that I really like this life settlement area and think that it can be a money spinner. Just want them to get off their backsides and do some deals
Fekir I strongly think they have , but may not be quite as expected ...which may be part of the delay ...the partner might be Citigroup may not but I’m invested and despite shortcomings in comms , deadlines , a new financial product in Senior life settlements will be an attractive asset for a major in the Insurance field together with the major figure in Senior life settlement finance ....the company and Gobind have had plenty of time to boot this into the long grass but crucially they haven’t .. either this is a scam or it’s not ...you need to base your investment on this premise and I know after a lot of thought where my money is going ...2 wrecked careers and a fraudster or ...I think it’s the or option but I don’t think this company will be here this time next year or a lot sooner DYOR good luck all