I'm sure you can and there must be loads of examples, but that's the risk you inherent with the stock market, if I start a business selling a product tomorrow with a popular product that everyone loves, stock up to deal with demand and suddenly the demand drops of, I've lost, but that is just life.
At the end of the day, we all want to be financially secure, and I know my 9-5 job isn't going to provide that, so you have to take opportunitites, obviously doing the right level of research in that moment.
Was that in response to my post?
If so, where did I state that I care if someone loses money? I was merely just replying to a post and engaging in a discussion about the benefits of being patient.
I believe the Covid-19 stocks have really created a jump-ship mentality, if there's no RNS every few days everyone is looking for the next share to rise like NCYT.
Imagine how many people would be kicking themselves for not being patient at SNG, instead they went chasing £1-2k and ended up losing out on £20k-£30k.
It really is a game of time to be honest, you could even invest in a dog share, lose money for 2 years and then end up making a 25% profit when it has it's inevitable rise like most shares do at some later point, if you have the patience of course.
But everyone wants to be overnight millionaires, especially on LSE.
In addition to the final bid price, I would echo that the current share price does not reflect what the final price is, anyone who's watched the trades for the last week or two, will see tons of buys that are keeping the price stalled yet one sell of £200 sends it shooting down. The MMs don't have a factual way to value us yet, hence the price is being held at this level.
If anyone has their eyes on TILS, you would have seen it was being held between 90p-£1 for a very long time, despite large buying pressure everyday, then they finally let it go and within days it went to £2.
I've never understood the argument of 'I'm a holder but I'm trying to hold a balanced argument unlike these derampers'.
It sounds very TDTish, he claimed for a very long to be a holder and as time went on, his posts more and more negative, despite more news coming out, making it quite plausible that he was never a holder and actually was short.
If you are a holder, surely you want to explain to people the extent of the assets that the company you have invested in hold, and hence backup any calculations being made by fellow investors to try and paint a picture for new investors. Just because people are coming up with high valuations doesn't mean ramping, I think you have to look at other boards to see what real ramping is like, the people here are genuine investors, who are backing their investment. Hence generating more interest and giving our BOD a stronger position for the end bid.
Seems to be the same pattern everyday, price rises into close for FOMO in case of an RNS the next morning.
It's dropped to £1.65 now from £2.40, it's dangerous because if you look at the SNG thread, everyone's shouting '£3-£5 today', 'big city boys are jumping in', etc.
Hope no one sold here and got spiked at SNG, looks like it could have been the traditional pump and dump before a presentation, the price literally dropped as the presentation started.
I would also look at AML, ORPH and definitely HEMO.
I know a few people have mentioned ORCP in recent weeks, I would think a good idea would be to buy them around 0.60 and just tuck them away for the next 3-4 years.
17/07/20 07:15 159,500 0.19 0.00 0.00 £295.09 Buy
Not sure why the buy amount was £295.09.
What I don’t get is what benefit does the MM get out of holding it at this range?
A bit disappointed - 40p
Satisfied - 70p
Expecting - £1
Over the moon - £1.25
Fantasy figure - £2.00
No chance - 30p
Is 18p the corrrect closing price? What was that final trade at 16:57, can't find it anywhere.
The EUA sale will mark the end of deramper credibility on LSE, people on this board are smart enough already and they will take this knowledge on towards their future investments.
Surprised you managed to get a story together, most of the derampers before you have used all the best lines!
We've heard it time and time again, you ain't the first and you won't be the last.
You didn't state all sides, all you've been doing constantly coming with negative comments, can you not just go away?
'I doubt this will ever go above .20p again. Exploration, no assets and an AIM listing to boot = deja vu ! If you've been in this pre suspension then well held now take your money and plan how to spend it before it's all gone.'
'You do know this is an AIM listing. PIs are fodder to keep the company lights on and BOD mortgages paid. Anyone who is keeping everything in here is exposed to an extremely expensive and certainly hard life lesson on AIM markets. ATB.'
@Moneymaker2015
I would slightly disagree with you there, I think you get signs of the top before a drop is coming, it's always about the instrinic value, the assets and the sales behind the company.
Give you two very recent examples from Covid stocks:
- NCYT, early doors you could see that NCYT was the biggest player in the game for the gold standard NCYT test, some companies were talking about developing tests but none were at the level of NCYT. Eventually NCYT ran up to £4-5, then you saw a couple drops followed by a rise back to £4.50, the smart people at that point sold, because 1. Covid cases and deaths were dropping, 2. Other companies were actually getting their tests out, getting them CE marked, these tests were faster and played on the agenda of moving away from lab tests and towards POC tests.
- AVCT, a lot of hype building around the saliva test, the share price was at £2 and was threatening a breakout to £2.50, the RNS suggested that the test was ready to go within a week or two, once we didn't hear anything, it saw a little drop and then a return to £2 with people anticipating news on that Monday, but once again, smart indivdiauls would have realised for a test like this to be developed, accuracy tested and approved, it would take a long time. Today they sit at £1.17.
Bottom line is you always hit the top, a slight retrace and a test of the highs one last time, there's where doing your due dillegence and research is so important.
Today we look at EUA at 18p, it's so clear to see that 18p is no where near the top, and if we do our research, we know the inistric value of the company is way higher then 18p, our assets are worth billions, we have an excellent BOD, and the icing on the cake is we have entered a takeover process with UBS and CITIC behind us, if that doesn't scream BUY then I don't know what will.
I would tend to ignore those ranges that the MMs have planted, it's only been a week of trading but a pattern has already developed. We will only move past 20p when people see a reason to stay in, i.e closer to end game. They play a risky game if an RNS drops mid-day, but some people are willing to take that risk.
A large majority of people will be ready to sell early doors 8am if there is no RNS, then slowly throughout the day people will pick them back up at a cheaper price and get back before close just incase an RNS drops tomorrow. The MMs can only shake the tree if you play ball, and anyone who's not a long term investor here is less likely to stay onboard.
For those of us who have been here since suspension, it doesn't make sense for us to risk the end-game, all in the hope for a 1000 extra shares, because as we know it's easy to get locked out. I would tend to agree with a lot of what a few others have said here, try not to stress over the daily fluctuations.
We all know end game is close, I'm sure the BOD have one last magic trick up their sleeves, strap on your seat belts.