Member Info for Boyobach

I do agree with Hedged’s points. On this one: ‘It sounds that those who are buying have no real conviction in a turn around which begs the question, why not wait until you do?’
my thoughts are that people often fall into the trap of thinking that ‘what goes down must come back up’ and that a steep fall must surely end imminently. OCDO may well recover but it does make sense to me to wait until indications of that turn around are strong. Far better to chase a rising sp than a falling one.

700 is the edge of a precipice.
Mind the gap!
https://invst.ly/y4crj

Just following on from my comment yesterday - I was keeping a closer eye on CWR today, so this is a 15 minute view over the last couple of weeks:
https://invst.ly/y46mz
There’s obviously a chance that either of the reds might keep the price down -so I’ll see how it develops.

Well, just an hour after my last post we get a hint of whether blue or green will prevail - and it's not good: https://invst.ly/y4280

There's a weak rising trend (green) evident this week (unlike last week) which is a positive sign. But is it enough to break through the prevailing downward blue? https://invst.ly/y4049 . Also bear in mind that this would just be the first of the two downward trends to overcome. https://invst.ly/y4049

The sp opened at 1060 on 18/3/2021, Rangor - that was the capital raise value as I recall.
Here’s my current comparison with the CELS index:
https://tvc-invdn-com.investing.com/data/tvc_9c5499b0785450bfdfea634a3ea14b25.png
The dashed green trends I’ve marked are rather speculative and I have been thinking about reacquiring a tranche I sold a while back now that the price is near 600. The problem is the steep drop in the wider market, tech etc - as reflected in the CELS - if CWR drops below the bottom dashed green then I think it could keep going in the current climate.

OCDO needs to break through the upper blue here in order to start a recovery -
https://tvc-invdn-com.investing.com/data/tvc_fa41098dffd6a88acb01a62e048f0137.png

At this week’s price levels, that challenge could occur tomorrow or, at the latest, by close of play Friday.

You may have a point about warehouse cap-ex, Brattus, but 'proprietary' and 'unique' do not mean the same thing in this context. There are other solutions to warehouse automation so OCDO is not unique in supplying them, although they claim to use certain technologies/methods which are proprietary (ie owned by them). Whether this gives them an edge over their competitors is another matter.

We need good news, Chilting.
Newdealz: Well I certainly agree that the legacy gap is not an immediate issue as 830 is a lot closer, for one thing. Hopefully this week’s pattern will not be a repeat of last week’s and OCDO will finish Friday above 805 :
https://tvc-invdn-com.investing.com/data/tvc_be91df8fe54d10bf53326e04bb5a425f.png

Shell followed OP very closely today - sticking to 21x (which is as high as its been recently):
https://tvc-invdn-com.investing.com/data/tvc_869864013afe77277f2bde802d171856.png
And the gap got sorted.
So I'm not unhappy.

Bimmer: The price collapse in 2014 was almost entirely due to US overproduction in the Shale sector, where companies had high levels of debt to service and, as OP fell back in cycles - as it invariably does - they had to pump more of the stuff to service their debts. This led to a predictable oversupply disaster and many going bust. The second boom then began as surviving companies acquired unused equipment, licences and rigs at knock down prices but, yet again, they failed in a price war with KSA and OPEC+ due to oversupply and high global inventories. Unfortunately, the price war occurred just prior to COVID - which caused WTI to go negative in price briefly (it is a deliverable ‘land locked’ contract and storage became a problem). Now that most of the undisciplined Shale producers have left the game, the remaining companies are probably less likely to overproduce. But it always will be a volatile commodity.

Are you just targeting the gap to 830 or are you fancying 850? Will be interesting to see if 800/5 presents any resistance on the way.

The sp is at the top of its recent trend (red) and there’s an irritating gap at 2264 of about 14p which could drag it back to 2250 briefly.
https://tvc-invdn-com.investing.com/data/tvc_34dbbe84f4eab6ca2678623e5584cba1.png

Here’s Shel v Brent over the past 6 months:
https://tvc-invdn-com.investing.com/data/tvc_acc9d1d3720004bede7001d573042f14.png

The ratio of sp:op has recently been strengthening and is now back to 21x

With ‘driving season’ in the US approaching from Memorial Day (last Monday of May) to .Labour Day (first Monday in September), we would ordinarily expect firm if not annual highs in OP during the period.

Correction: The resulting market revaluation created a 145p (26%) gap up from 555 to 700.

As of Friday, OCDO has three trends of immediate interest to me which are, in order of priority, the blue, red and green here:
https://tvc-invdn-com.investing.com/data/tvc_4137c0999fc76ae079c8e93bc5a6376c.png
To be absolutely clear, the ‘green’ is there as a technicality - OCDO is presently governed by the other two and there is no established rising trend challenging them. The green line simply links OCDO’s current lowest open/closing price to its last ‘lowest’ back in 2017. It is ‘soft’ and will simply get pushed lower until the next ‘bottom’ fixes it more securely. Blue and red, meanwhile, are competing with each other for control of the continuing fall. A reversal will require both to be permanently broken in order to be confirmed.

Away from the chart, the current sp range ( 750-830) was first established four years ago when OCDO signed a partnership agreement with Kroger. The resulting market revaluation created a 45p (8%) gap up from 555 to 700. Since then, M&S entered a JV with OCDO (effectively replacing JL) and there have been other partnerships with Aeon, Auchan, Casino etc, together with acquisitions of Kindred and Haddington robotic companies in the US. There has also been progress regarding the Autostore legal challenge, where all of the 33 claims that originally constituted AutoStore's complaint to the ITC have either been abandoned or rejected for a second time (see the relevant RNS). However, High Court ‘vindication’ is still awaited.
So, whilst it is difficult to envisage a lengthy fall below the four year baseline of 750, I don’t think the possibility of a downward spike to fill the gap can be totally overlooked given the recent speed of descent and the remaining legal uncertainty. For me OCDO remains something of a punt and I’m far from ‘all in’.
https://tvc-invdn-com.investing.com/data/tvc_01bea1e709945ff6181e0999694a0a36.png

Like dominoes, the support levels have fallen in a fairly straight line. 910 was something of a 'last stand'. 750 will be interesting - not least because of the gap below it. There'll undoubtedly be some stop losses waiting to be triggered. Here's a 15 minute 'trading' type view: https://invst.ly/y2vhu

Today's gain was not a breakout - so don't get too excited just yet:
https://invst.ly/y2rat

Now that OCDO is back on the steep downward trend, 750 is an obvious target but do not overlook the gap down to around 560. Given the current rate of descent it cannot be ruled out:
https://invst.ly/y2r0m