How we are trading at 350 today with all this going on is utterly insane. I have a fair estimate of £7-8 as we stand today, before we even factor in increased demand and resolutions etc. Mind boggling value. AIM at its finest
So many short term traders obsessed with filling these mythical gaps that is why we are down today. Whilst I loath it, it is self fulfilling, as shorts target it. Given most volume is traded in france, the 394 level in france would be the key support level. Lets get that hit then onwards and upwards. Or release a juicy RNS monday morning and create the mother of all gap ups and make a few shorts cry into their cornflakes.
I'd hoped we'd recover nicely today on the back of the volume, but it wasn't allowed to. Hey ho, personally made a few quid today, although not as much as I hoped for. It does seem it is being forced down to that target french level. Flip side is when it hits that it will rocket back up. I've set buys around that level. No one can time it, but at the end of the day we are one of the only authorised PCR test providers in an escalating pandemic. Its not rocket science whats going to happen at some point
Indeed, these price manipulations (and it is manipulation) allow for good entry points. We've had much more buying than selling today but the price is controlled down. None of us know why, what the incentive is to play with it in such a way. But hey ho, creates a few opportunities along the way. I personally think they are trying to get it to hit 394 in france before it spikes up to new highs. Thought we'd see that this morning, but maybe monday now barring an RNS.
Only a month left of the year so I'd be amazed if they change guidance. more likely in the next results they give a more upbeat revenue forecast for 2022 and touch on the increased demand.
AKA the fear index. When it rises the markets are worried. Its been elevated recently as you can imagine. Pretty brutal evening in the US, could be an interesting open in Europe. That market fear we seemed to throw off today has come back after the Uk close
Well us markets and oil have dropped sharply on the back of the first us case, so maybe sentiment will swing in our favour again tomorrow. Wish it would just stick to its overriding sentiment rather than back and forth like it has been