Member Info for chilting

Certainly good news - lets hope we see some effect.

It really frustrates me how these logarithms work to set share prices - clearly they take volume as well as the ratio of buys to sells into account - with ITX having so many shares in sticky hands the actual market is very small, hence the drop to try and create volume.

PhatStyle

The rise has nothing to do with Ceres.

Its all down to the macro - macro will determine SP until we get definite news from Ceres one way or the other..

If growth stocks/tech stocks go up, CWR will follow - also shorts likely to cash out, they won't want to fight a positive macro trend.

Yes, 2024 could be a good rebound year for growth stocks in general - its certainly being signalled by NASDAQ futures.

The rebounds here are certainly dependent on a rise in NASDAQ futures - its very noticeable with a stock that's just drifting with the market.

The only ammunition that Ceres have in the PR department is progress with licencing.

That has stalled, so the SP has also totally lost momentum.

From the Summer of 2020 until the Autumn of 2022 the SP was over 500p - clearly over brought.

Since last Autumn its the macro that has dictated the SP here, the Chinese economy has stalled, this is clearly slowing down capital investment - the joint venture is reliant on high capital investment.

So, nothing has really changed - I have been invested here for 10 years+ - its still a waiting game.

I think we are just seeing the algorithms working to find liquidity in ITX.

Don't forget they are set to create volume - markets only make money when stocks are traded.

Hopefully the trend will soon reverse as the volume created turns positive.

There now seems to be a clear strategy by Itaconix and its brokers to push up the SP in line with the companies improving trading performance.

Good momentum maintained and getting better.

Nice to see the link with Proactive Investors revitalised.

1863

Buffet is 100% right.

If you read the quote again -

"If you don’t feel comfortable owning a stock for 10 years, you shouldn’t own in for 10 minutes"

I guess Buffet would't have touched Sirius with a barge pole, even for 10 mins - although many of us did and hopefully learned a lesson.

Ceres on the other hand is still a work in progress and would certainly fit Buffets investment rules - I have no doubt that he would still consider it a strong hold.

Exactly Mr Profit.

Its the impatience of investors and I might add the stupidity, but that would be insulting, that it irrationally driving the SP.

The New Industrial Park where Weichai plan to develop its manufacturing unit to produce Ceres Fuel Cells is now at an advanced stage of development and its planned that it will be in production by the end of 2024.

https://en.weichaipower.com/media_center/news/202311/t20231130_98986.html

Indeed - when the SP settles it will be a great buy in point.

The impatience of investors is the main driver of the SP here.

Nothing has changed - we just have to wait even longer - so its just a simple hold.

The yoyo movement isn't just OCDO related.

Overall it seems to be linked to NASDAQ futures - which are roaring away.

Other tech shares are showing similar volatility.

I hold CWR - a downward plunge looks like its dumped it out the 250 yesterday.

Today OCDO and CWR are riding high - a familiar pattern.

Compare the charts for the last three months-

https://www.lse.co.uk/ShareChart.html?sharechart=CWR&share=Ceres-Power

https://www.lse.co.uk/ShareChart.html?sharechart=OCDO&share=Ocado

It looks like CWR is out - LIO ended the day nearly 1% up after being down nearly earlier.

But still to be confirmed

Its still not certain that CWR will drop out.

On my calculations the final drop out place goes to CWR or LIO.

At 14.58 CWR was £354.92M and LIO was £353.90M

Its not looking at all good now.

Three of the companies on the FTSE demotions from the 250 list, dated last Friday, have a higher market cap than CWR.

Todays judgement day, so we need a rapid change of fortunes by the close.

Its 50:50 if CWR remains in the FTSE250.

Just to note, the stock doesn't fall back into AIM it would be reclassified as a FTSE small cap - only the company could apply for an AIM listing and that certainly won't happen.

It seems that the Germans are keen to exploit hydrogen produced by UK wind power - has to be good news for Ceres with the Bosch partnership.

It does ask the question why the UK is not fully exploiting our own wind power - maybe we will get news of a fast track plan to expand capacity on the National Grid by Hunt tomorrow.

We have a clear advantage with our wind power, but after the last licencing fiasco we seem to be incapable of exploiting that advantage - the Government need to get a grip!

https://www.express.co.uk/news/uk/1837158/scotland-germany-hydrogen-pipeline-plan?utm_source=mynewsassistant.com&utm_medium=referral&utm_campaign=embedded_search_item_desktop

Hopefully now heading back to around 2.4p

Hello C909

So sorry that you and other investors have been left with virtually nothing.

I am sure its no consolation but it seems that you have been right all along about the Directors.

It may be worth contacting ShareSoc with your grievances.

https://www.sharesoc.org/

I think it was just an investor selling quite a large chunk - maybe a forced sale - it could even be still continuing.