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How long have you held avct and what loss are you sitting on?
How did Deep Verge go?
I don't mind admitting my losses but the way you carry on its as though your very careful, well researched stock picks have proved and paved the way to success....
I’d be fascinated by a discussion thread on the general board with all trades posted as they happen.
Otherwise, I imagine some dribbling window lickers with a set of crayons absolutely love the painting by numbers series from the catastrophically failed gambler.
Genuine question - Does anyone here (hands down if you are one of his aliases) actually value Ronnie Wynbores 'contributions' here?
Thank you wynnie
Nonsense.
Avacta’s most explosive self-appointed IR agent is still bashing away on X/Twitter. Says AVCT “should be” valued at 490p, and predicts a $5bn-$8bn bid during the next 12m…
We need a hold and close at 49p. that would be a third time through with also a third time supporting the 44p low.
That would give a firm trading range
a close above 54p would be bullish
What do the charts say about a blue day today Wynnie?
"As for the share price, it is already severely depressed and the rsi is still right down, and one thing that is highly likely, the lower this goes, the more fingers will be hovering over that buy button..."
And there is your answer.... Its not about fundamentals ....at least not yet...
Let's see what they do to bolster the board over the coming weeks. The replacement of CEO is a positive in the sense that the new CEO will now be acutely aware that this needs to be treated as a commercial venture, or they face the block.
As for the share price, it is already severely depressed and the rsi is still right down, and one thing that is highly likely, the lower this goes, the more fingers will be hovering over that buy button...
Gje, maybe. Could well be.
The other side of that coin is that no one wanted to buy on the news either and the price had to come off by 5-10% to attract buyers, so where are the new buyers to come from?
Only on better news, I guess, right now the risk reward would seem to favour a wait and see approach.
I know almost on one here cares but if it went to 40p just to get to 80p its a bagger.. To get to 160p it would have to 4 bags.
That, as a return (whatever system used), would be fantastic and not run of the mill. My point is the price of entry is absolutely critical.
No one buys if they think it likely the SP will fall further.
CC did nothing to inspire me (as a for instance) to rush out and buy the stock on what was presented or what was sid or what was forecasted.
In fact the replacement of a CEO is a negative, and the cash burn feels like its bordering on out of control. (I don't mean running out of control, but can't be controlled internally and is subject to events.
Its about risk management.
(If there is anyone here who thinks they have lost so much its not worth selling now, then thats an example of poor risk management.)
One thing is apparent to me, there are many here who seem to have no appreciation on this aspect of investing and actually, all joking aside, that really is a trait of a gambler.
Watching we should listen to you . I’m in at 68 p 🎉 how great am I? And furthermore I’m rather pleased with myself
Winne charts are hocus pocus you can make numbers read anything. So bugger off 🤡
Volume is drying up, so I'd say it was just a minor sell off from traders such as yourself wyndrum following the presentation yesterday, where you clearly made the decision there's not a short term plate of chips to be had.
Zak and others are saying the recent fall to 43p if where it needs to close above. Anyway, we'll see but yeah 2 weekly RNS soon and who knows where else other news could come from.
The chart is looking pretty sick I'm afraid.
we bobbled about at 44.5-45p for a few days but we are in danger of falling below that at close today.
It has revisited it already today but gone lower but in the great scheme of things it might just keep above it by the close.
Otherwise, then take your pick where it might go to.
It would trigger a double top fall from the 48p recent high to 40p at a minimum.(I'm not a big fan of DT's but plenty are)
This is where it starts to feel very binary.
FA will point to imminent 2WD update. And if its good then there will be (i would expect), an immediate upturn. However, if there is no news (ie delay), then it might make some jittery as to why. Or maybe the first dose is too soon to draw any conclusion, in which case will there be another round of Heights selling?
At the moment for whatever reason, the market is "happy" not to gamble on the various potential outcomes with at the moment a bias towards "no news".