RE: So...7 Apr 2017 16:04
Hahahaha, you`re funny, the reason why 8p is relevant is because it has been resistance two days running, google it if you don`t know what it means.
Peonia....they don`t hand out medals, its just that if you follow the story of a company and know whats going on then you stand a much better chance of reading the facts, and making trading decisions on the basis of those facts.
Ok, I`ll educate you and all the other chancer gambler seagulls out there.
Facts..
This company has been in dire straights lately and suspended their shares from trading for 6 months up until Xmas when they announced a trading resumption with the `caveat` that Darwin had got them out of the sh*te by funding their recovery by way of a deal which was beneficial to Darwin, they are issued tranches of shares for a sum of cash but Darwin could then sell those shares in the open market.
When the shares were suspended they were at 15p.
After the resumption of trading the sp opened at 8p and then rose briefly to 12.5p but then fell consistantly to the most recent low of 3.3p
Then they bounced on the news of the water sieve announcement, which was purely on sentiment and a rush of blood that GRPH were in some way involved.
The announcement was that there had been a result of some testing in a laboratory to suggest that a Graphene filter would be able to `potentially` be used in a desalination solution that would turn sea water into drinking water.
The key fact here is that it was a laboratory test, thats all, and when interviewed on TV the scientists that discovered this new dream solution said that it was some time off before a working system could be employed, and that there was no guarantees that it could be used on a mass produced basis...yet.
And even more of a key fact was/is that GRPH has not said that it has anything to do with it!
So after the big bounce in GRPH shares over the last couple of days you would expect that they would come out with some sort of announcement to couple themselves with this new development..but they haven`t!
Thats why its just a fake bounce, and all the desprate gamblers thinking they were going to make a killing are now underwater a gasping for air!
Lessons learned?