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Enjoy getting on the right side of a short squeeze, take a quick look to see if you fancy a quick profit over at ICON.

What did I miss?
1.8bn shares created and sold into yesterdays 10bn volume.

Trouble is MMs sold more than they picked up even taking the new shares into account. Hence their struggle today.

0.049 is the consensus.

Always good to see a stock tick up hidden in auction.
bid 0.014, last trade 0.0145

As of 12th Aug, EGHOSF TR-1 states they are down to just 2.2%.
This equates to only 200m shares!!
They probably have non of these left as they won't have to inform market below 3% we won't know exact number.

RB.
Your're out of your depth if you think because retail investors can't short a stock there can't be a short position in play.

Over 10bn shares were traded yesterday. MMs were very happy to sell shares they didn't have due to the 1.8bn shares being released by EHGO but they've overdone it. They hoped the retail investors would offload their stock into the afternoon bloodbath. But not enough did. No new placing shares available until next months tranche but accounts need to be settled before then.

MMs don't like holding large short positions without a near term bailout.

They will take XXX,XXX,XXX shares all day at these levels on or above bid but will only release an occasional X,XXX,XXX to try to hide the fact they don't have any stock to sell.

They will need to considerable up their prices to create a balanced market and the more people get wind they're struggling, the less likely they will sell.

If ICON board sit this out. The SP could be considerably higher for the next tranche of funding.

Screaming buy under 0.02 for a bag up to 0.1

See ADFVN board. Looks like MMs over stretched themselves yesterday and no new shares to bail them out.

For anyone with any doubt where the share price should be, read the prospectus published 4th March 2020

Check forecast.
Check early investors.
Check price they were happy to invest on a business plan and existing business.
Now the deals are starting to become a reality rather than a forecast in a business plan.

Page 32. Mcap at admission price £227m (0.0069)

Now deals are being done, MOUs being signed, a plan becoming a reality, I see the admission price being surpassed within a couple of trading days if not tomorrow.

There are some amazing estimates of where this share price should be.
The reality is a 50-100% premium to admission price is a realistic level for SYME to settle at now the RNSs are starting to flow. After trading spikes.

Everyone should be expect 0.009 to 0.012 in the very near term. News of deals will then be the main driver.

Hopefully I got it in before anyone else :-)

Going to be an epic battle this afternoon as traders close their positions for the week and the FOMO's who have been sitting on the wings waiting for a dip big enough to justify jumping in.

My money is on 1p by the end of next week as anticipation grows. I seem to be able to sell 10,000,000 shares almost anytime without going NT yet buying is more restricted.

We know this business model works because its an existing financial product but if SYME have found a way of becoming the 'go to' broker for such business, at 2-3% fee on each deal, £300-400m mcap (SP 0.01 - 0.012) is within reach on conservative fundamentals alone.

Nice to see they will take 10m shares off me at 28.33 (bid 28) without going to NT.

Crazy to sell until updates reveal where this company is going with this concept.

Its easily worth IPO price of around 0.006, with a couple of bug contracts with reputable financial institutions, its easily worth 0.012-0.015

Screaming Buy and hold below 0.004

What an absolute waste of a website.
They’ve had 3 years to sort themselves out, in the meantime neglecting the only revenue stream they have, ADVFN and iHub.

Over many years they have neglecting these sites slowly losing paying subscribers.

The websites and phone apps are a disgrace considering the revenue generated.

OBC and AFN will disappear as the money and subscribers dry up.

Clem is surviving off a product he is allowing to slowly die.

Closer to 3p for me in anticipation of news Monday.
Lots of FOMO in biotech sector.
A bit of research puts HEMO down as a possible player in Covid therapy with TNF. Yesterday’s volume may be an indication they’re getting involved at a greater level than the J&J link.

Nice buy well over Ask at the time.

The Tuesday-Thursday battering so MMs can stock up had been eisier on the investor this week.
The Friday rally into the weekend may even start tomorrow.
Even with no news I expect 2 blue days of 10-15%.
With news, expect highs to b tested and new support level around £1.90

I've traded up to a total of 55,000 on a free ride.

Synairgen (SYN)
Some may accuse me of a blatant ramp.

Others will thank me in a week or two.

Just do 30mins if homework on this company and decide for yourself.

Volume since 13th Jan is very telling. It hasn’t had a mention anywhere yet it has made it onto just a handful of investors watchlists.

Stay in NCYT but find more than one stock which will benefit from this awful we find ourselves in.

....to see tested cruise ship passengers given the all clear to travel actually have CV.

Whatever tests are being used are obviously not accurate.

How accurate to NOVACYT say their test is? Any figures been quoted?

Looking at a realistic mcap of £150m-£180m if NCYT get a couple of weeks of positive updates/approvals/order updates.

This is only valid If the COVID-19 newsflow continues to point towards a long term pandemic.

Gives a realistic SP around £2.50-£3.00

Listening to interview again.
He has been well coached.

When he said "the chinese authorities are quite desperate" - and then quickly adds "as I understand it", he is obviously trying not to reveal the extent of chinese demand/enquiries.

So what was it about the CEO's interview which caused the 14:30 - 16:30 sell off?

Any thoughts?

1,410 posts so far today and nothing worth reading. Just the usual boxing match between for and against.

Graham Mullis was in a very awkward situation being interviewed live. He has to be sooooo careful not to say anything which could be seen as market sensitive. Its no wonder he looked like a startled deer in the headlights. But what was it poeple read into his interview which caused the drop.
Traders hoping for a more positive update? He can't mention specifics in a ive interview.
Revised quote/sales figures? he will have been advised not to give those out.

Just hope hey have some crazy sales figures due and FDA & CFDA approvals tomorrow or Monday.

Have a fast track in cases of emergency and takes about a week or so.

I don’t get it. An interview with the CEO live on CNN and the SP tanks.

He is going to be feeling very responsible for this afternoons sell off.

I expect him to be trying to turn the SPs fortunes around with an update.

Forget U.S. FDA it’s the CFDA I’m more interested in.
If they pick up that accreditation in the next week or so (and they’ve been working on it for over a week) todays closing price will be the steal of 2020