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What earliest date in 2019 will the SP recover (and why secondly) many PI's taking a big loss at present and looking to hold if they can, but what actual date in 2019?
I don't see the SP rising much if at all after results on 5th Sept 2018.
It would be good to get some reasoned answers from the posters that profess to know so much about the company and it's prospects.
This share reminds me of IQE in so many ways, big spike up on rumour then big fall on results, always jam tomorrow by the 'believers' sometimes known as rampers...IQE results on 29 Aug.
However I thought that FDEV would fly on Jurassic Park game and sell big in China and all seemed good, then the SP went down in big drops from £18 to less than £10 in 2 months - and no-one in the believers camp has a clear reason why. market manipulation is all they say and bleat about the minutae of each trade.
So what date in 2019 is the recovery and to roughly what level?
Copperband,
I'm no expert in shorting but know that shorters look for a vulnerability that is apparent, ie, it is there, it's not made up, in IQE's case it was accounting mainly - how the figures were made by the auditors (since changed). Consistantly the profits were not as good as made out, it was always 'jam tomorrow'. High hopes against flat reality. A traders dream for a long time. hopeless PR by IQE.
If they make demonstrative profits this time then shorters will diminish. If they don't it's the same old bull poo.
Anyone hazard to guess what the SP will be when results digested overnight? I think the interims are Aug.29
I thought that IQE would be giving out more news after the Shadowfall fiasco, but as usual no news except that they have a couple of new reactors coming on stream - don't know if they are producing yet though.
Endion,
I thought I knew a bit about FDEV, liked what I saw, thought the JWE movie was great, thought the game would be very popular, thought it would release in China and FDEV would rocket, Quite impressed with 1 million sales etc.
I am not impressed with 30 - 40% drop in SP since investing and it going relentlessly down every day in big chunks.
At 50% loss I will sell and put the cash into stocks that are solidly moving up.
There's so much chat on BB's about market manipulation/shorters etc. driving the SP lower EVERY DAY for weeks, surely the market manipulators have larger fish to fry than this tiny company with it's tiny trading volumes. I think there are other reasons for the SP drop - maybe the games are not that good, maybe it will never be released in China. maybe it's the Co's lack of positive news. If a company does well with selling its products the SP will rise no matter what market manipulation, it will demonstrate that manipulation is futile. FDEV doesn't do this. I'm unimpressed by them
What does it actually mean to now be on that list? This will undoubtedly have brought in some institutional/tracker interest (as it also has with ACSO), though of course the rise is also largely connected to JWE et al: And the SP rose by over 4% Friday on that news, profit taking taking today, and imho the SP has much further to go, this has just left the starting gate. The US film release is 22 june, the games E3 show - 12 to 14 June Check out the popularity of the game - google Steam JWE