Member Info for BobBobbins

This is recovering really well.

Nudging up nicely!

One thing I've noticed about Aim is how often the share price doesn't jump to where it really should be on good news, occasionally it does, but so often it doesn't. If it were announced that ODX had the full £374m contract, my guess is the SP would jump to just above the 52w high and sit there for months before eventually (assuming the contract is fully utilised) moving up to the 300p+ mark over the following year.

I guess it's really due to MM's playing protecting their bottom lines - a lot of, if not most, PI's would sell at the 52w high, so there's no rush to get the SP to fair value, particularly if all the MM's keep a wide spread. I remember watching FDEV move from the 100-200p and then sit in the 200-300p range for years despite a really successful software products, and so many PI's thought "well that's all the rise we're getting" sold up and moved on, and then one day the MM's finally let it go and it shot up to 1800p and then shortly to 3200p.

The MM's make most money when investor's don't - it's in their interests to wear investors down and accept getting out at a lower price with less (or no) profit - they're very, very good at it.

Patience is key. Wait for your target price.

I've just bought another £6.8k at 47.88p. Unbelievable value.

Very happy to add another £5k to this, now holding £25k.

Yep actually think operating at profit and $24m/year revenue is all priced into the share at roughly 65-70p. What’s not priced in is the next tranche of growth. This is why it’s still a strong buy for me.

1p paid.

6,156 @ 157 !

Very happy!

Yeah, I think I'll top up fairly soon, that's for certain - I really like the company and their prospects, I just should have waited until now to buy in, ha!

Down to 0.7 we go...

Yeah, I topped up too - seems a no brainer at this point.

Probably best to forget the price you bought in at and instead analyse whether an equity is undervalued or not and whether the market is likely to meet some of that valuation, and what the risks/threats are in terms of the likelihood of the SP going backwards. Setting a sell target based on one's buy price is arbitrary and misleading.

We seem to have broken through the resistance at 175p

Because in a gold rush, the surest way to make money isn't to use shovels but to sell them.

I think that's fair enough personally - it's much closer to gold than it is the dollar.

Yep, just bought £5.5k at 171 myself. Absolute no brainer!

...so many messages last night about how this would fly today and then backwards it goes on open. There's always a higher chance the price will go backwards the day after a large rise on no news than it maintain or continue - people top-slice, take profits and there's endless pumping-and-dumping. At the end of the day if all you want is 10-20% profit every 3 months then this is a decent share to ride the volatility wave, but for me it risks missing a bag or two from a 19p purchase. There's a lot to be said for ignoring the SP for a while and coming back later.

It's a rise largely on no news. Some big buys have gone through. Inflationary pressure in the US is rising the price of gold, but that's unlikely to have contributed more than 5% to the SP.

Just a speeding ticket.

If it gets anywhere near 30p the amount of profit taking will send it rapidly in reverse... unless there's an RNS that justifies a new range.