Member Info for chilting

Today is the first time that I have showed a profit after more than three years investing here - the first shares are brought were over 20p.
I have kept the faith and gradually accumulated over three years, progress has been slow but the potential has always been clear.
Now, after a fair bit of dilution, I think we shall all see a good profit on our investment, although I am still down over 90% on my initial investment.

That was a strong finish today, the SP held up well all day, I was half expecting another dive.
Hopefully trading conditions will be good next week and the SP can benefit.
We are not out of the woods yet, but the lack of volume over the last three days is encouraging because it means most investors are holding.
In fact if the SP does recover well next week, I guess we can say that Ocado has passed the stress test.
I certainly have no intention of selling.

I think that the sellers have disappeared - this mornings 6% gain was on a very modest volume - that has attracted the investors who have been watching ITX - we now have momentum.

South Korea is probably top of the list.

Game changer companies are always difficult to value but look at Google and Amazon now - Ocado IS in the same league.

Its almost as if this is all orchestrated - wait until the market tops - shorts could make a lot of money if they took out their shorts when the SP was close to £29.

Exactly, but the main danger is if there is a bigger fall - that could damage sentiment.
Damage to sentiment takes longer to heal.

The steep rise in August and September did put the SP into overbought territory - it was bound to retrace at some point before continuing the upward trend.

This story is simply a catalyst for that - the retrace has happened much quicker than would normally be expected with some private investors taking profit, fright or selling because of stop losses on the initial plunge.

Todays news about Trump has pushed the market down and leaves Ocado in the danger zone - just keep your fingers crossed that we don't get another plunge - the shorts may try and push it.

.... and on a fairly modest volume.

More arse than elbow.

A very good read -

https://www.gazettelive.co.uk/news/teesside-news/teesside-could-become-global-leader-19018326?utm_source=pocket-newtab-global-en-GB

No doubt Enquest will survive - the finances are solid - you only have to look at the way it follows Brent to understand that.
As for the other two?

Brent should be up today, if Trump dies - that would be poetic justice - the US oil industry will die with him.

Here is the notice of the order.

https://www.usitc.gov/3498.htm

Should we be worried by this? - from the Autostore press release.
"The US International Trade Commission, seeking an exclusion order preventing the importation of Ocado’s infringing products into the United States."
A delay here while an investigation is ongoing could be costly.

IK is on her way - ETA Saturday lunchtime - that will be 10 days since the last tanker left.

The local weather is quite rough at the moment but looks like it will be fine by Saturday.

More good news -

LIBERUM RAISES CERES POWER PRICE TARGET TO 720 (540) PENCE - 'BUY'

Yes, indeed - and anyone who is stupid enough to use stop losses only has themselves to blame.
The volume yesterday and today isn't that high, so I think that underlines the fact that this isn't a serious issue.
A good lesson for eggs in one basket though - sorry Valueplay.

graking
Yes, I understand that, their was clearly something going on yesterday, but as you say Ocado probably couldn't comment.

The Autostore press release is here - it contains more detail of their allegations than was printed by Reuters - maybe someone who understands the technology could comment?

https://autostoresystem.com/news/autostore-sues-ocado-for-infringing-technology-patents-central-to-the-ocado-smart-platform/