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Honestly even news on which contracts were extended and which goes into 2021 would give this share price a rerate. If GM gives us a cheeky update, even a small one on Monday again that'd be appreciated *ahem*.
Just going back over what happened in 2015 with AZN buying ZS Pharma. Seems no-one had a clue. No tip-off at all.
Even had a huge sell off in the weeks before, from 75p to 55p before recovering a bit.
News hit and it shot up 40% as guys rushed in before it was taken off the market. Total surprise to everyone.
https://www.thestreet.com/.image/c_fit%2Ccs_srgb%2Cq_auto:good%2Cw_620/MTY4NjQwMjg4NTg3NjU0Nzkx/image-placeholder-title.png
This by r$ck on twitter was interesting. Voleon short on ZS Pharma just before AZN bid on it.
https://twitter.com/rick_shares/status/1291276279011049473?s=20
Could be nothing, could be something. Good bit of analyst work either way.
Actually never mind, they have just replied now, but asked me for my location to put me in touch with the 'relevant sales manager' to handle the query.
Oh they told you that it's not for sale on chat?
Asked PD through email last night if the HT version was ready for purchase. Still waiting on reply.
I guess AZN have stockpiled the whole run so far then?
@ manchego, no worries. I know a lot of people think lawyers shouldn't be on social media, a bit American for some tastes. I can see that POV and reasoning.
Jeez, trotters, that's almost word for word haha. Didn't just rip off your post *honestly*
He's a QC manchego and he needs to declare himself. Every letter he writes is accountable under Law Society rules. He can never be just another guy on Twitter, even if he wants to. Or until he gives up the cloth.
Understand your POV but his position is a bit different to a regular guy like myself.
No way, so blade caught them out yesterday. They weren't planning on letting the market know the dept of their involvement yet. Brilliant to see them respond. Must have been waiting to before doing a big market update so what's the reason for the holdup?
Some award or trial or something finishing so they can put out an RNS in style I guess.
@ JET
Haha, jeez, caught in the act!
Hah! Sweet! We were nearly blue for a moment there.
Well even if we lose a bit by close still really happy with the open. We have buyers, sentiment and volume is back.
Not what I was expecting. Thought we'd have a more brutal open around -6 to 7% before climbing back up.
Still early though, only thing that beats a market maker is sticky longs and/or volume.
Yep, taking out the RNS campers from close yesterday!
MM not giving it up either way. No idea on open now. Which will will they take the open!
Even a touch of blue today would be brilliant. Seems bloggers and analysts are turning bullish on Novacyt, and this will continue to filter through over the market in August:
Nova uptrending to 5 euro
https://www.tradingsat.com/novacyt-FR0010397232/conseils/novacyt-le-trend-primaire-est-nettement-haussier-925027.html
Nova has more upside than SNG
https://www.thearmchairtrader.com/novacyt-vs-synairgen-how-do-they-stack-up/
Miles McNulty
https://twitter.com/MylesMcNulty/status/1291026456777306113?s=20
Looking likely, Novacyt's got the whole suite of testing products now, and the best 100% rapid 60 min PCR test. Antibody coming too. Not just for Covid but all diseases, covid has simply pushed them to up their game. Probably the best microbiology/diagnostics buy for AZN on the market. Wouldn't be cheap though. Novacyt's share price will be at least twice what it is now when September's results are out. Likely 2 to 3 billion for a buy at this stage.
If not then Nova will likely move to mid market and do an acquisition themselves in Q4. CEO has already shown appetite for M&A so that would be option B. Either way, they have too much cash coming in, looking to be 30 to 50 million in revenue per month from now to Q4 so they can go shopping.
Thought it would take us until next week again to get back to 320p with our typical volume and pattern.
Only 19.4% to 400 from here.
A sales or tender update would do that. Anything that gives the market some idea what's happening with sales would do that.
@Sneaky
When you enter a position you look for confirmation that you made the right choice. Voleon want to see lower volume, lower highs and lower lows.
320.01 is the highest high NCYT has had in months. Actually smashed it, think 324p was paid.
Worrying if you're short. I'd be surprised if they didn't try to sell into this at the end to keep it down a bit. We will find out tomorrow mid/late afternoon on the AMF site though. Pretty sure we'll see their short change again.
Jeez! Nice!
That's us. We won this battle. Let them stew on that for a while, or counter by averaging up their short. Either way, day is ours!
Good bit of profit taking to be had now, but that felt good.
A proper sales RNS or tender will be nuts. Market is waiting for Nova to show their hand.
That gives us a higher high, and the highest high since they started shorting. Highest high in 2 months.
Really scary for a shorter to see a technical signal of strength like that.