Don't let the MM's grind you down..........16 Jul 2020 13:55
Some worrying sentiment on here over the past few days as people seem to be getting disheartened. The trades on the trading page just now are enlightening. Lost of small sells for a few hours and then, low and behold a 20,000 share purchase as an large order filled?
Although I am a relative newcomer to this market and even without the insights from Level 2, I can see games being played. 'Tree shaking' (I believe it is called) to trip stop losses, huge spreads from time to time to disguise sells from buys etc.
The more small investors who panic/get bored/the grass is greener, the more games will be played. The volumes being traded here cannot greatly affect the share price, that is being manipulated.
Market sentiment will move this when it becomes more widely recognised and gains more publicity in mainstream media. At the moment the only people who understand this company are professionals, some of the people on this board (and similar) and a few relatively unknown share advice sites. Go and ask 1000 random people in the street what they think about Novacyt as an investment opportunity and my guess is that 99.9% of them will say 'Who?'
I have put £20K into this which I know will be a huge amount to some, and b*gg*r all to others. The point is that I could afford to lose it and wouldn't half be pee'd off, but I'm happy to let it sit and wait. After all, you haven't lost a bean until you sell!
So where am I going with this?
1. That often wheeled out quote from Buffet about investing being the transfer of funds from the impatient to the patient.......chill guys! (and can't be bothered to look up the exact quote)
2. By all means have a punt but don't gamble more than you can afford, and spread the risk
3. Look at the fundamentals of the investment, is it a real company with sales and no debt?
4. AIM is a dirty, devious market with loads of sharks
5. 60% of comment and opinion and share boards (including mine!) is total, unfounded spherical objects
GLA