RE: Yesteday lessons2 Nov 2019 08:40
Unless you know what caused the SP movement yesterday, then you cannot say if it is oversold and go back to 180 tomorrow, or drop to a quid or less.
There is nothing to suggest that this was an orchestrated Pump and Dump, but likely a few jumping on the bandwagon with momentum doing the rest.
The chumps blaming the MMs everytime they get it wrong are clueless- the MMs will move the SP to where it needs to go to get the most action and create a market - that's their job - they do not "want your shares, hold the SP back, let it go, bla,bla,bla".
There is a chance that the spike may have been initially caused by some buyers, or an II taking a position, or possibly a leak the the company are unaware off (FDA advise forthcoming g etc), but I suspect it was just momentum that took the SP to high for the time being.
Interesting that the Company put out the info on the Speeding Ticket RNS regarding funding, and linking it to the share agenda passed at the AGM, and also thelat there will be no news before next year. - almost as if they want to keep the SP in check for whatever reason, maybe to get the funding away????.
Anyway nest week will be interesting, ignore the posts here, most of them are complete nonsense, possibly even this one. - And good luck to all still invested here, and those looking to get in, or back in if they sold yesterday.