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Wouldnt have assumed that the company is doing "bad" in any way.
One possibility might be that this has been a forward placing (from 7p -> 3.50p), with all those dozens and dozens of 100k sells we've seen here in barely four weeks.
Now ITX for some reason wants to reconnect and touch the support at 3.25p (from mid Nov 2018).
I assume the seller at 2pm has been an US seller.
IMO one should work thise smallcap / illiquid / risky shares only with what you can afford to lose. Or with some gains from another share.
Share spike in progress. There we go.
Nice technicals of yours, Thechukkers! Yes, the short term limit where the Sp could bounce very soon is 5.60.
Once this is established then full speed rise to about 6.25p
(In my opinion massive new uptrend only if 6.90 is breached.)
US market just opened, and our faithful and very reliable sellers appear :))
One of the major uplifts here has been from early summer untill winter 2017, with a fast rise from 3ish to 8-12ish.
Todays pattern suggests several days of similar share spikes.
@TheTraveller,
Hope you are still holding, right !?
Quite astonished to see ASC dip that much after the fast and steep recovery they had. While all fashion retailers, even here on the continent, reporting negative or neutral figures for 2018.
Still didnt buy Asos. Might park some of the other profits in here for a while.
Well done TheChuckers. I suppose that your last Asiamet journey has been to as high as 10ish, 12ish or 14ish, correct?
Currently 4.85p has served as our monthlong barrier. Would be great to see ARS close above this line today, which would trigger a new set of (uptrend) waves.
Good one, Uksteveg!
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I like to think that myself moaning about this very RNS yesterday prompted the BMN management into action.
Well, for now the bullish reversal is on hold. Just adjusting the AT buys and see if it triggers.
The Sp nicely established above the 614-619p line. Hopefully this will become the long term bullish platform.
Now of course its everyones own bet if the current two weeks of rise is based on new company figures.
hash, thats good to hear that technical research is working for you!
KAZ has been one of my best trades from Sept - Dec 2018 :))
What a nice 280% rise, ähhm, 2.80%. ITX on the shopping list again?
Absolutely, bid no lid, but these sort of trades only appear in very small / illiquid shares. Obviously we would have a tough time hyping and lifting the Kaz share with some 100 or 200k worth buys. The other market players would instantly work against us. Here its probably as we speculate... No inside holder with their right mind would buy 40k worth, one the day before news release. Small shares often work like that, and try to lift the Sp and soak in investors. To be honest, Nigel should have said that Medimmune are not really willing to research further on their expense, nor willing to pony up a cple of million pounds. On the contrary,: Nigel now walks around with a hat and asks shareholders for "participation". Hhmmm.