RE: A laugh25 Jan 2022 14:32
Harchris, you will have bought on the dip, thats why you are hoping this will do a dead cat bounce. Sorry but I will keep calling out people ramping this share based on one side views. The cash value can not be supported without background figures. It means nothing without understanding the full accounts. Is the tax reclaim part of this value? What's the status of invoices and receipts? If Novacyt lose the DHSC dispute in full, some of that cash value will need to be given back to the government or claimed back in taxes. No-one knows.
People are going off the magic 2 massive red day rule that normally means a dead cat bounce on the third day. It wont help the LTHs who have just continuously held throughout. I couldn't care less if a few swing traders buying in today (at massive risk) don't like a touch of realism about what really is happening here. Id rather warn new investors who are rainbow chasing based on what rampers are saying here.