Member Info for Agray

I'm looking for a reaction off the previous support level to now become a resistance.

I'm not sure they are being all that subtle! In Tue absence of news support levels and resistance levels okay a bigger role. 280 was a target and they have taken it there. Just like 145 earlier this year. Hopefully a nice bounce now they've had their fun

SSIT is down 20% in the last 5 days, so definitely a bit of profit taking in space it seems.

Identify the support points and set buy orders. I suspect there will have been a few stop-losses set after 350 went. I remember looking at the chart a few weeks ago and setting a few opportunistic buy orders at 150, never thinking they'd get hit, and they took it down from a charting perspective to that target.

NOt sure anyone knows anything other than they have profit they want to protect. See if the 350/360 level is protected like it was last time.

There is a lot of profit in FTC holders' accounts, and nothing can go up in a straight line. I think the fastest gains have probably been made in the last month when there was a rush to get in. Not sure there is now the volume on the buy side to take out the profit-taking on the supply side. Ultimately price action is only ever a function of supply and demand.

I imagine there are a few rejigging of portfolios once one share has over doubled in such a short space of time. They need to keep those percentages within set bounds.

Order confirmation for blue origin and FTC shows it's critical to the two biggest players. Neither would let's it fall into the others hands cheaply. As shutts says it would go parabolic on the hype

I think even snake oil salesmen would object to Jeff Brown.

I do indeed get what you're saying. However that means filtronic can't service the market that is there. Arm could because the chips were simple. At some point FTC value has to be tied to revenue because if other companies can't get any of their production then they need to find different work around solutions. The bottleneck for spacex and Amazon is also a bottleneck for FTC revenue and stock price

That's my only issue with FTC. Arm was able to massively increase demand quickly to service a rapidly growing market so there was no need for anyone else to develop alternatives. FTC has to be able to increase production and seize this opportunity to prevent anyone else thinking there is room for them too. No idea how they do this other than a musk takeover but that then limits who they sell too and takeover price

The 1m and above trades aren't private US punters though. No idea who these buyers are. The dream would be Amazon trying to gain influence over a major Space X supplier! Regardless FTC has to increase production if it's to service this market effectively. I suspect knowledge of how they are going to do this is having a bearing on price rise

It's getting nuts the shere volume in buys here.

On a day with close to zero volume and movement, how on earth are there over 50 posts? Bloomberg terminals are accurate. If it says they have sold, then they have sold. Without knowing their time horizon for the investment, it's pretty pointless. Look at FTC. Serious shareholders have been dumping at 120 all the way up to 430.

MRE was a disappointment based on what the market was expecting. No point hiding that. Tolling was the only option previously discussed, and suddenly, management started dropping hints that they may build a mine.

However, now they are discovering more gold, which changes the narrative back to positive again in the shorter term. Volume has come in the last few days, and we moved off the back of that. We will continue to move up if results come in and confidence returns.

I'd suggest that were manufacturing of filtronic components to be a limiting factor, space X would open a further lab stateside for them. What the terms of that would be are anyone's guess

I didn't mean the board here in general. Simply 2buyor2sell talking it up non stop then selling!

I agree with your assessment and that's what I'm holding on for. More big buys at the end of play today

Hard to keep up with the rampers!!!

I'd spotted the error but don't know how to edit posts!!!

Purely from a cautionary perspective does anyone think it's going to be a great ride off the back of an inflated IPO and then a fall straight after? I still wonder if the director selling was based on an expectation that orders weren't going to be as big as the market assumed. However directors traditionally are awful at playing the market so may have simply underestimated how far hype can drive a share price.

Very chunky buys in the 500s at the end of play

No problem at all. What's clear is that ftc is now getting exposure to demand that tolerates far higher multiples than UK investors