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Quite a few people surprised by the SP movements today, when a retrace and consolidation is perfectly natural. We’ve increased a phenomenal rate over the past few days, it was never going to be a smooth ride back up. Some ridiculous projections have been tabled over the weekend, expecting new highs based on nothing but changing sentiment.
However, we’d already made huge gains on that change in sentiment, without any ground changing news. That is, hopefully, still to come. Embrace the gains made and understand that there is potential news to come. Then, make your decision and see it out.
Money has been taken out today by people who bought in low and took profit - good luck to them, isn’t that why we’re all here for? However, if you believe that good news is coming our way, and you’re happy with this new sentiment driven only launch point, then show patience and stick to your guns.
Ignore the doomsayers and have a chuckle at the very obvious rampers and ‘promoters’ who promise instant wealth. They come and go to suit their own agenda, not yours. The rather more sustainable (and slightly more boring) truth usually lies in the middle ground.
GLA
Well said
I said something similar on another thread.
RBM - always very reasoned posts.
I don't agree that the huge gains were anything to do with a change sentiment RBM.
The change in sentiment only happened during the weekend and therefore it didn't affect the rise of the previous two week.
Yes I expected a big rise today and who here wouldn't based on "the new sentiment".
But this is Novacyt and as we know, normal sense doesn't come into calculations does it ?
Steve, it’s a difficult one to predict rationally, that’s for sure, but sentiment started changing 10 days ago on the back of huge case increases in Europe. Then came the new variant late last week - which we benefited from and just about every other stock suffered from. That would be a pretty classic sentiment swing, IMO.
My rational thinking was we'd get rid of all the "in the hole idiots" which at a quick glance we have, however now we got the hated share club slithering in I'm not sure if I'm going to read all of today's post.
At first glance it appears that applying for a ce mark(wishing no disrespect to other company's shareholders) is more valuable than being one of the few companies that can sell a pcr test in this country but as ever wtfdik.
@RBMInvest
I appreciate you are not a fan of my ultra bullish stance but I acknowledge your perspective of todays events. I have to be honest and say i am mighty p@ssed off that we went from 10%+ to -6% in one trading day.
This being at the backdrop of the CTDA confirmation, Another wave of the pandemic, a government statement confirming PCR tests only for arrivals and possibly more positive media coverage over the weekend than we have had in a lifetime of this business. Its bloody frustrating.
We will see what tomorrow brings, obviously from my perspective its a major buy opportunity on this fall back, so hopefully others will share this same perspective and we will continue the upward trajectory shortly.
GLA
It is frustrating Porky, but we ain’t driving the car, we’re mere passengers. But it’s going in the right direction, even if the MMs are intent on taking us around the houses en route.
I remain confident, but sure in the knowledge that there’ll be more days like today, just as there will be more days like Friday. Nothing we say from the back seat, or on this little read BB, will change that.
Totally agree with the header.
The asylum appears to have opened the doors and let some residents out, the board has become a farce today. The SP action today was odd, but most LTHs have seen it before, all games by the MM.
Remember, nothing ever goes up in a straight line. With the fast rise we’ve had its inevitable that there will be pullbacks to fill the gaps. Don’t let that discourage you. The foundation’s are being strengthened for what is about to come. My advice, sit tight, don’t fret and enjoy the ride. GLA
A lot of today’s board will be rounded up and sectioned. It should be quieter tomorrow.
Too true, and all the 10p a post merchants have been let out in force to disrupt the board.
Porky
You know me.
It’s good to keep reins on the bull.
Or it can drag you away.
You know the two stocks I am referring to:-)
My suspicion is the price action was a direct result of such heavy buy side demand. huge amounts of shares have been bought the last 3-4 days (above those sold), and the MM's are likely having trouble sourcing them. By whacking it down in a co-ordinated manner they got hold of a decent chunk this afternoon, after losing them first thing (they still net sold shares today mind you). Not really cricket, but it's the only thing I see as making any sense, given the massively bullish developments for PCR and NCYT.
Smallish drop today,but hey this is aim.we had a good run on Friday while others in all sectors took a hammering,my holdings here are way above they were a fortnight ago cash wise,have to expect the good with the bad,I am still going for £7+ early in 22.
Ncyt is a rare high volume share affected higjly btp/i trading and thus sentiment.
Mm’s eat p/i’s alive.
But the company is making all the right noises as far as I am concerned.
Omicron is NOT to be underestimated. Nor all the variants which will follow. This is just the beginning
Science will overcome.
Pasteur. Fleming. Jenner.
Smallpox:- biggest killer of mankind . Polio.Measles( most infectious of all), Mumps Rubella, Typhoid, Cholera.Second biggest killer ..malaria. Etc Sorry for all that.
People die. But in the end mankind wins.Always. They are nearly there with Enola. It is utterly mind-blowingly phenomenal.
Ncyt is cutting edge and is part of this.
Today was just planned mm profiteering. The new market. It’s what they do.
Ncyt is rock -solid.
Typo. Sorry.
“ hugely by p/i trading”