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I didn’t see anything new in the presentation apart from use of the ‘ qualifier ‘ potential’ to breakthrough. Which i guess is a good thing if Mr Newland is being more careful with his language?
But i didn’t hear it - just read it - so probably missed the good stuff.
EC - what was the best bit and where do you think the price will go to today?
Popeye - Mr Carrot isn’t waiting for it to get to 37p. He’s already told us he was a seller at 30p. So you’ve got one of the biggest long term bulls on this board who thinks it’s sensible to sell some at 30p. I wonder why he thinks other people should be buying in at that price?
Time after time everyone on this Board has seen Angle hype some announcement.
Then they’ve seen the rampers at work and the hot money flooding in.
Then they’ve seen the realisation that the announcement had zero commercial substance
And then the share price tanks to a new low. [ BTW i am not saying this time it will hit a new low - but i am not dismissing that possibility either].
This has happened again and again.
So why do you guys think it’s any different this time. Is there something really substantive with clear commercial implications that I’ve missed?
TomHuk - as a long term investor who’s done huge amounts of diligence i was hoping you were going to set out your sales and profit forecasts for the next three years with a brief rational. Plus the cash burn assumption and the cash raise requirement. These are very simple things aren’t they? . If you are so sure about the value proposition you must have some brief analysis you can share with us.
Difficult to disagree with much of what you have set out there JustThink it Thru. Except - you have the clarity of mind to see it in this way - a long, long race and a lot of fences to immediately focus on. That’s a great trading mindset that most of the punters here won’t understand.
And i like the analogy of the one legged jockey - that makes it difficult to finish the race IMO. Especially if the horse isn’t up to the job either.
Who said the following when the shares were at 28.25p just the other day:
‘This is a great entry point. Let the pumpers dump. I'll gladly take their shares. This will be all over the weekend press with a rally come Monday.’
Seems like he’s really on the ball.
Is that when the price outperforms you don’t get swamped by rampers. So there’s much less volatility in the price. That gives me a fair degree of confidence that the price is actually meaningful. It also allows you to carry on buying on the rise rather than just being focussed on a sell / a trade.
It’s obvious isn’t it?
You keep buying shares as the share price outperforms over time. So you build your investment as the investment case is proved out over time.
And a short term investment? You buy when the share price falls in the hope the share price will jump .
So which kind of investment is Angle? What sort of investors does it attract?
QED.
EC - i have been consistent all the way down. You are right i did not see the recent jump. But i was warning all the way down before that.
As for being annoyed on missing out. Sure - i am a bit as i have been in and out here. But it’s really not that annoying as i would never have risked real money on this.
I have real money in Destiny and Immunocore ( to take two companies in this broad sector ). It took longer for both to more than double but i can also sleep at night having significant investments in stocks like those. And i prefer gentle risers over time than 130% daily rises followed by 40% retrenchment. Interesting that neither of those companies attract the rampers either. Which are also a warning sign.
TomHuk - Angle is the perfect trading stock. No one has any idea at all about what will happen. There are no plans / hurdles set out in any detail at all. There is no long term investment case is there ( oh unless it’s ‘ this is a $100billion market ‘ ) and you need to have a detailed and well-researched long term understanding to suggest that you are well-researched. So the share price just blows up and down ( mainly down ) on sentiment. If you are investing for the long term you are investing in a dream. Maybe the dream will come true - but right now it’s a dream.
If i am wrong then please set out your sales and profit expectations for the next three years with just a little detail of how those sales break down plus plus the cash requirements of course to get the company to profit and cash positive. And then show what value you derive from those numbers. Just a brief paragraph would be sufficient. If you can’t do that, then this isn’t a long term investment is it. It’s a gamble.
Exactly Sanji
And then they are so committed that they buy in hard as the share price falls - it’s called getting a ‘bargain’ as the ‘weak’ sell out and the MM’s manipulate!
I have been there. So i have some sympathy. Never again.
It’s always the same with Angle.
Hyped announcement - in this case the ‘ breakthrough’.
Day traders ramp it up - FOMO strikes.
Ridiculous price forecasts from the rampers to drive more FOMO
Forecasts of more amazing announcements with great certainty
Silly stuff about market manipulation when the share price gets stuck
Over excitement about some already invested totally unknown outfit buying a few more shares
On and on it goes.
But when the mood turns all that hot money runs for the door.
It’s not the first time is it.
That doesn't annoy me at all EC. It’s brilliant to do a great trade. I’ve done some myself.
I, however, was a total mug and 100 per cent taken in by Newland’s hype. Which is probably why i waste my time on this Board!
TomHuk - Newland just needs to be very clear about the commercial prospects. He needs to stop using emotive language and he needs to deliver on whatever he promises. Sanji’s point that he’s had 3 ‘ breakthroughs’ that have led nowhere is just one more warning if one were needed.
But funnily enough, you are right, this discussion has clarified in my mind that i simply won’t invest in a business run by him irrespective of what he says or does now. He is prone to hype. And his track record is one of falling short of expectations. I remember getting sucked into the FDA breakthrough. Every single one of us investing then was a fool because we were investing in a vague hope rather than a clearly defined plan. And i am still astonished that it wasn’t made totally cleat at all times that the FDA approval was for research only. So we were fools - but maybe it’s also fair to say that we were fooled.
Maybe the price will double again tomorrow - and i am happy for you if it does. But i am also happy knowing clearly why i am not investing ATM.