RE: Volume 2.451m6 Oct 2020 00:06
Lochinaver Lass 18.37, well you sound as if Operation 1m is gaining tractionnand I wish you all the best with that.
I think everybody to differing degrees is noticing how hardit is to be sure whether a trade is a buy or sell, and that is at a time when normally it is pretty clear. So MMs doing a particularly goodjob there in disguising trades as much as they can. Somepeople (like the VAL BB) often refer to MM manipuation but it is not IMHO, they are doing their job and making it more difficultto distinguish betweenthe two. I can"t see that as manipulation, conversely with the benefitof Level 2 I find it helps to do dummy sells and buys as wekk where you can which gives an even clearer guide to sells and buys. bJust gets a little trickier as volumes and trades rise. Ihave found the VWAP has closed well above the final SP in the last few weeks, and as they have all been higher I tend to think we have been oversold of late, but thistendency to see MMs as manipulators isway off the mark for me.
They set a market price to optimise trades, sells or buys, and when we see so many delayed trades we have to delve deeper.
Ibtended to agree with Konars take on the upcoming final results causing a drop as it will be reported as ever as Scancell record record losses, but I think a bit of explanation as to news we are hoping for will buck the downtrend trend and a release of good news prior to AGM will see us back with another assault on 20p. I think we are oversold at the moment, anyone have a different view??
All should be revealed clearer by Friday, At 16p I feel we are closer to 21p than 11p, which is why I will probably buy in the morning and as I briefly said earlier re averaging up, on a core holding of 200k shares, a buy of £2k will have very little affect on your average.
I also think rising to 20.5/21 quadruple 5/5.5p a bout of profit taking would take place, and looks anothe fibonacci retrace to me. So not overly stressed by this, all will ome out in the wash., but lets not forget news can come any day, and I don"t want to be out for that.
The TW article wouldn"t have helped, I don"t go with the man is stupid, a lack of integrity for sure, and who knows perhaps he is wanting to buy at a discount to 20.5p?? For sure we have enough news to justify that.
So good luck everybody this week, lets hope it is a good one and a return to 18p would be very good prior to any news. The good news for you guys is I have missed the last 5/6 RNS which brought nice rises, not taking my computer into hospital so a very good chance f keeping that run going!!!!
ATVB All.