By that I mean valuing the company is impossible and it's a case of up, up and away until a correction weeks down the road? I can see news on top of news sending this into the stratosphere over the next week - is £8-£10 impossible?!
There are a number of posters on here that have really shepherded and guided inexperienced investors like myself through the past few months. There were a number of times I nearly bailed only to stick with it at the eleventh hour due to some new research or something unearthed that hadn't been released by the company itself. Going against the herd and committing such funds to a small AIM company like ncyt is scary as the potential for a sudden sp crash is always looming in the shadows. So once again thanks so much, it's very much appreciated! (End of soppy post).
I don't think 434 tells us much as it was only briefly hit and at that point the sp may have been getting ahead of itself. On the other hand, late June the global outlook was not as bleak as this. There was the possibility of a vaccine being widely available and the world back to some sort of normality by now. The fact it isn't, and christmas gifting is almost certainly moving online, boohoo is worth a damn sight more than it was in late June... Prediction Wednesday open - £4.20 rising to all time highs by COB.
Haha I do often defend them but not because I think they are a rich source of investment advice (they aren't), more because I hate hypocrisy. All the recent positive Fool articles have been posted on here and have got lots of recommendations...and my point was just that... the motley fool overwhelming rates boohoo a strong buy.
This paragraph doesn't leave me concerned: Human trials could start within four months after studies on ferrets, led by an expert from Public Health England (PHE), found the spray could reduce infection and prevent transmission.
I didn't mean to offend you falkland but it's worth everyone on here knowing that you don't know what you're doing! I must have seen you get the sp direction wrong five times already and I've only been on this bb a month or so! NEX rises a few percent, you pop up saying i'm out for now, be back when it drops to 'x' only for it to rise another 5%+ the next few days and you buy back in!
RE: Reasons to be cheerful or not28 Sep 2020 10:52
Excellent Doc, very balanced and helpful post. Perhaps be more careful with your wording next time though, as putting '6. Covid 19 is still killing thousands a week globally and is surging again in Europe as winter approaches.' in the reasons to be cheerful category is egregious, even if it's not what you meant!
Balanced, I agree with you. Seeing as there is so much expectation of a crash, you have to think that the gloominess is already factored into markets. It seems to me that crashes are generally unforeseen and it's that surprise factor that catches people out. After all, the ftse100 is down 25% ytd and the ftse250 more than that. Besides a full, restrictive national lockdown the most I see is the wider markets trickling down another 5% or so...
I haven't been investing very long but going by previous market crashes (ignoring the one in March), do all stocks tend to suffer indiscriminately? I assume those with strong fundamentals and well-suited to the environment (i.e ncyt & covid) do just fine?
I do feel something brewing and so a week ago I moved all the money I had in contrarian stocks (think depressed price, debt-ridden and not trading currently) out and into novacyt/boohoo/synairgen/NEX.
The sharp bounce back through late March into May led many investors (including myself) to become more risk tolerant and contrarian in their stock picks. It felt like it was only a matter of time before IAG, RR, EZY, CINE etc you name it would again snapback from year lows with 20, 30, maybe even quick 50% rises. It did occur at times to a degree but in general they've stayed depressed and some are continuing to see new year lows.
I personally still think that some of the beaten up stocks will turnout to make investors huge amounts of money but for me they're still too risky and I need to see them fall further and also be confident that they'll have the ability to recover without heavy dilution.
Finishing well up whilst the ftse was well done fills me with hope. It's a big if but if we see calmer markets at the start of next week I think we might quickly find a new base around the 150-160 area.