Member Info for Bottmzup

Kobbel Your analysis is wrong. Allianz sold ~2m on 26/8/16 when the sp closed @ 115.25p and the volume for that day was 4.4m... the price continued up after that to 138p before falling back. Normal trading reaction from the 138p (ish) resistance level, see the two previous bottoms on 14/12/15 and 18/1/16. I`m a trader and I too would have sold at that resistance and took profits. It also corresponded with the falling trend line which was first `born` in May last year...check it out if you have access to a chart. So a double sell signal of significance! The post brexit fall and subsequent rise was a great run for those who bought low, and the name of the game is `making money` and banking profits. Once the sp turns down from 138p ish the snowball effect kicks in and there`s a scrammble for the exit aided by the short sellers, driving price lower. Now sp is at the rising trend line from the post brexit recovery....albeit currently stalling due to the wait for the US rate decision.....sp will bounce at some point...maybe Thurs after we have the US decision, then just `rinse and repeat`...buyers come in, short sellers close positions and the next move up commences. Just normal technical cycles.

Riverboy, nothing to do with smoke and mirrors, just normal chart reaction to an obvious resistance level @ 138p ish. Traders taking profits. Several chart indicators suggesting a new move up...rising trend line, sp now down to the 50 day exponential moving average, and a candlestick `harami`! If price goes below 115.8p then look for the next support/resistance to be around 110p, daily stochastics dropping towards the 20 level so 110p possible. But if price moves above 120p on good volume then looks like the gap to 143p would be the next obvious `staging post` `resistance level`....think about it as a staircase landing. The obvious fly in the ointment of technical analysis is if the company announce something the market doesn`t like, but any trader or market investor `MUST` have at least a basic understanding of how the charts dictate the traders decisions. Traders don`t care about the companies they buy and sell...only what the chart is telling them and how much they can pocket in the short term. They are `emotionless`, unlike investors who develop a risky relationship with their investments and don`t use stop losses to protect their money. The market is a shark infested world!

As stated in the 7th July trading update Vernalis holds a large amount of its cash in US Dollars which was a great move considering the brexit vote..... ---------------------------------------------------------------- Impact of currency movements on year-end cash position US dollar holdings effectively hedge ongoing and future dollar-denominated costs and Tris milestones Vernalis plc ("Vernalis" or the "Company") announces that its trading and operational activities for the financial year ended 30 June 2016 progress in line with management's expectations. The Company's unaudited cash position (including cash and cash equivalents and held to maturity assets), at 30 June 2016, was £84 million. This cash position is ahead of market expectations and reflects the favourable impact of the recent strengthening of the US dollar since the UK referendum vote. Immediately following receipt of the net proceeds (£39 million) of the Company's placing in May 2016, the majority of this amount was converted into US dollars, to hedge the Company's US commercial and development milestones costs, which are payable in that currency. At the year-end 73% of the Company's cash was held in US dollars. Notice of results The Company expects to announce its audited financial results for the year ended 30 June 2016, late September 2016.

Dannyb2017, yes I`m a bit put off getting back in to these because of the wide spread...9p this morning, thats too much of a % to be comfortable with. What they do eventually each day is move either the bid higher or the ask lower to close the spread, but it doesn`t seem to meet in the middle of the opening spread. So whichever they start to move you can usually see the price closing closer to the opposite end of the widest point of the days spread rather than the mid point. ie today looks like they`ll take the buy price down and leave the sell where it is, so if my theory is right the sp should close closer to 130p than 139p.

Hi Hottentot, thanks for the reply. You say... i'm sure there must be a name for that pattern if not a inverse H&S. There is, its called a `double bottom`, as I explained. This should help... http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_bottom_reversal

Could be a nice move up here, plenty of signals suggesting a new leg up, daily stochastics looking very ripe. If sp can move above 43p then the gloves are off for the traders who will no doubt know that the gap to 58.4p still hasn`t been closed. 2 big trades today in around the 750k mark, one suggesting a sell but have my doubts because of price...39p!! Maybe delayed from the `drop`. High volume with a `kangaroo tail` doji on the chart looks promising.

Hottentot, I think you may have your chart patterns mixed up, it was an almost perfect `double bottom`, not a reverse head and shoulders. It was ONE of the reasons I bought at 112.5p `hoping` that it was the early sign of a double bottom developing, with its completion target at c142p ish! Around 109p bottoms and a middle peak around 126p. My first target was the middle peak, which thankfully it hit the day after I bought! ( I don`t normally time it that well). A reverse head and shoulders should have three `upside down` peaks (troughs) with the middle one (head) lower than the ideally equal other two, the shoulders. I have now sold at the completion of the pattern and the ex dividend date banked aswell. As you said earlier there looks to be a retrace on the cards with daily stochastics looking overbought for now. I`ll be watching closely for a buy back in if indeed it hits 125p again.....if it doesn`t and carries on up from here then so be it, I`ll be happy with a profit and move on to the next trade. Good luck.

macaumike - yes, and I could be wrong..ha ha! Delayed reaction maybe, a few punters taking their positions for the longer view and didn`t want to pay over the resistance level...can`t blame em for that because it does look like its going to happen at some point reasonably soon I would guess. Was hoping for more of a fall myself to top back up, daily stochastics suggest a fall further but what do I know. Promising story on this medium term, could make a nice profit after being in for so long....our time is close now.

jolly, yes it is a great sport, and if you know how to study the charts and indicators you can definately load probability in your favour...but only with a tight stop loss otherwise you can end up getting caught holding the baby, like I did with this one because of the lack of liquidity....I tried to sell believe me but nobody wanted them. So, its easy really, if you like the game of `buy back lower` just choose a share with plenty of interest, like a FTSE 250 established company, or even an AIM stock gold miner for instance...the percentages are huge because of fear and greed but the beauty is that you can easily get rid if you`re happy with a bit of profit, or worse, if it turns against you. But this one is just guesswork backed up by a bad story, too many law suits, too little income to pay for them, taking too long, and too much uncertainty on the ultimate outcome of the cases anyway! No brainer for me, avoid like the plague!

Possibly the recent rise priced this sort of news in...not enough % headroom for new traders to `play` with resistance ~13p. Its encouraging news but think its going to take some real news re income developments to push this past 13p, we already have funds to help with growth strategy. I reckon they`ll have to drop price a bit to attract the next `volume` move. Just my opinion.

now you`re reminiscing about a trade of almost 3 months ago!! On my life you are something else. Look at todays price ffs, and I notice you avoided commenting on yesterdays 200 odd thousand sell!!

Just for the record????, WTF are you talking about, what 10k trade? I can`t see any data for a 10k or £10k trade!! Man, you are in such a fantasy world that I almost want to do your trading for you. I suppose the 232,294 trade today was `possibly` a buy in your world...in conjunction with the 3p drop! GET REAL man ffs, put your money on `ANYTHING` else and watch it grow because this aint going anywhere soon...guaranteed. You remind me of me about 15 years ago when I wouldn`t hear a bad word about a company called NXT....they went down the pan and I lost a significant pot. This is a puny dog of a similar status, all potential but serious `other` problems. Take your cash, put it elsewhere, build it up and return here in 12 months time to see if anything has changed..I fear it won`t have. AND MEEEEEEEEEEEEEE!

good to see directors continued confidence but also suggests that no big news is due anytime soon, otherwise he wouldn`t be allowed to cash in. He`s probably just topping up ready for the xmas rerate!

John2015, I`m not sure how to read your posts...whether you`re pointing towards positivity or negativity? You say in your title `Is this why the price fell Fri`? But then point to Morgan Stanley acquiring a financial instrument giving the rights to acquire/exercise shares equating to 6% of voting rights. And conclude with `Moves afoot`? Personally I think the drop back from the high on Fri was due to the traders not wanting to be `in` over the bank holiday, and the then due Janet Yellen speech from Jackson Hole that night UK time. To me, the strong recent move with high volume suggests a move to close the post brexit gap at just over 200p. The predicted disaster post brexit doesn`t seem to be playing out as bad as some thought,for some stocks, and the fact that this is a `challenger bank`...which I love the sound of....seems to be helping with the recovery from the oversold fallout. The latest move up off the `double bottom` at 130p ish has been driven by massive volume, the last three days have a total volume of c19m shares traded in comparison to the 50 day volume average of 1.86m!!! Which includes the last three days obviously. I would be surprised if the buying didn`t resume tomorrow following the `wait and see` (as usual) speech by Mrs Yellen.

`Sentiment in the industry is changing with a £3 000 000 investment here just last week`....upsndowns33. No, as previously mentioned this was a rollover, first a sell and then a buy back of exactly the same amount 3 minutes later! Lets call it a `re-investment`! Not new money.

It didn`t close above previous resistance of 12.88p (13/6/14) but it did briefly break above @ 13.13p, which is regarded as `showing it`s intention`. So for me, after years of waiting, I`m happy with todays high.

bbr, I haven`t said I was reluctant to buy Aim stock per se, I just won`t ever buy another stock so illiquid as this one, I like to be able to sell when `I` want to, not when the MM`s dictate. LVD had a nice rise on good results so prefer to trade that type of established stocks. Have a look at Obtala Resources, my main holding and an Aim stock, going great guns at the moment and just broke a long term resistance level this morning...happy days!

Yeah finally broke resistance, and no really significant resistance levels between here and 25p now. Nice buy of c260k shares @ 13.49p so looks like we could have grown new legs!! I thought there would have been a crush for the exit at this level but doesn`t appear to be at the moment. Was thinking of offloading some this morning but stayed put in the end. Been waiting a good while for this day so just going to watch and admire for now.

bbr, I didn`t know you had a `blog` so no sorry don`t follow. But thought I would just reiterate a particular point which I`m not sure you received. My point about the liquidity is not the same as the difference between the spread, that wouldn`t be an issue a couple of pips either way. What I was pointing to was the fact that nobody wanted to buy when I wanted to sell, so was left holding the ugly baby! The MM`s were forced to keep bringing the price down to try to find the buyers, but nobody wanted them, there was no `liquidity` in the stock...a dead duck! I`ve learned my lesson now and only trade stocks that have at least £100,000 worth of stock trading hands each day! Not the ones where its a struggle to get above £5000 in a week!!!! I will never get caught holding the ugly baby again, and will always thank AOR for teaching me that lesson.

http://www.sharecast.com/news/aldermore-shawbrook-upgraded-by-bofa-ml/24868575.html Seems like they think that the UK gov could help... "We think some changes to stamp duty could be one logical shift in policy, which would help the property market and increase mortgage lending. The challengers would benefit most, we think." Nowonder there was huge volume yesterday and up again today, glad I bought. Lets see what Janet Yelland has to say about interest rates later.