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Taken an initial position in here.
Seems to be valued for an investor-screwing delisting. Which seems unlikely.
Will increase once I think it's bottomed. Could be a fun ride.
Chart wise it looks a good place to be buying. I did a small buy myself today too.
I see a case for 4.8p bottom. But debatable whether you can buy there so this looks a decent place to position build.
Trading sub-assets.
Finally decided to leave this story, fed up with not being able to sell when I want, or buy when I want, its been happening here for a long time...the most frustrating share I have ever known.
I got out on the last spike and put the funds into SOLG, a far better proposition for the coming months.
Fed up with the price being manipulated and faffed around with outsized spreads.
My funds are much safer elsewhere, I made a good profit in these before but am not confident about the future share price. They seem to be saying that its all looking good but have been saying that for too long.
Wasn`t my biggest holding in my portfolio but ran out of confidence when there are so many others in a rising trend.
Good luck to the faithful... but I`m out!
ps...unless the trend turns upwards!
And not interested in trying to call the bottom, thats a mugs game.
I`ll come back in when the market believes the hype.
Really? Now?!
02-Nov-18 Buy Trade Notifier Information for Obtala Limited Kevin L Milne 6.43 GBX 77,541 199793
31-Oct-18 Buy Trade Notifier Information for Obtala Limited Miles C Pelham 65 GBX 500,000 30056532
30-Oct-18 Buy Trade Notifier Information for Obtala Limited Paul Tiernan Dolan 5.5 GBX 1,400,000 2828571
30-Oct-18 Buy Trade Notifier Information for Obtala Limited Miles C Pelham 5.5 GBX 1,872,246 28556532
30-Oct-18 Buy Trade Notifier Information for Obtala Limited Miles C Pelham 6.22 GBX 1,000,000 29556532
12-Sep-18 Buy Trade Notifier Information for Obtala Limited Miles C Pelham 6.5 GBX 8,000,000 26684286
11-Sep-18 Buy Trade Notifier Information for Obtala Limited Miles C Pelham 6.5 GBX 1,600,000 18684286
04-Sep-18 Buy Trade Notifier Information for Obtala Limited Miles C Pelham 5.16 GBX 3,020,000 12084286
04-Sep-18 Buy Trade Notifier Information for Obtala Limited Miles C Pelham 5 GBX 5,000,000 17084286
Yep, market says no!
I`m a trader, been in and out of OBT over the years and sick of `positive news` driving the price down!
So many other shares out there going up 10-20-30% in a matter of days or weeks, so I`m only interested in rising tides from now on, or much better prospects with gold or oil companies medium term.
Price fall again today here because of background negatives ie Govt restrictions in Mozambique etc.
It doesn`t matter how many shares MP buys because that just looks like he`s not telling the whole story.
3000 shares on the LSE and many are far far more enticing than this one, otherwise the price would be rising.
The market doesn`t lie, so like I say...until OBT show a solid rising trend I won`t be back in.
If it does, I will be timing my buys, because I cant see a major re-rating here anytime soon.
And I don`t care if I`m wrong and caught out missing a decent spike because it will be sold into quickly as sure as eggs are eggs.
I`ll take my chances on shares where the price chart gives better readable signals.
This one is a `catching a falling knife` gamble! So I`ll stay out until news and market reaction says its time to think about getting back in.
Good luck.
ps. a rising trend will be when the 50 day exponential moving average crosses above the 100 day ema, or short term... the 20 day ema crosses above the 50 day.
At the moment they are all heading down in parallel lines!!! Not even challenging one another, in fact the 20day is diverging lower and away from the 50 day!
Just because price is near its all time low of 4.88p doesn`t mean it won`t break it to the downside. And when there is a juicy price to buy the MM`s and the manipulators cut you out, so you can`t buy at the price you want anyway!
Sick of being faffed around in the past by this stock and its weird trading patterns, so its a great feeling looking to add the relatively small funds I had tied up here to be released into my proper, sensible trading plans, and to grow them.
Which after all, is what its all about!
When the trend changes, my view will change.
Good luck all.
Heavy director buying imho means shares are undepinned at this level.....need some news on demerger/sale of non-core assets then this will start to re-rate......insider directors know the game plan