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I am thinking that the simple nature of the TU yesterday was in deliberate contrast to November where they 'over egged' the pudding in terms of detail and caused a mass panic.
It is clear in my mind that they will be now pursuing larger scale corporate contracts and should never really have entertained the Zoom market. My gut tells me that results day will reveal some of these forward looking wins.
They better!
As regards insider trading:
It is now going to be my mantra whether YGEN or any other AIM share
IF SOMEONE IS SELLING TONS BEFORE AN EXPECTED TU - SOMETHING AIN'T RIGHT!
It was staring us in the face and we all refused to believe it.
Managed to free up some of mine at a reasonable price before the big drop but I'm still in. It will grow but how frustrating - and I do believe they were a victim of circumstances. Ironically ODX release their potentially good news today - ho ho ho.
Will we make a lot of money?
That silly drop stopped me out of my top up that I made the day before - b****strds
I've followed all the Covid stocks as we all have. I think they have a zoom meeting before the market opens.
Right then: Who's turn is it to spike today - Stick your hand up if you want to randomly go up today for no perceivable reason. Not you Novacyt, you've had your turn - put your hand down.
It's an AIM mystery - still we all make money from different angles - and I'm also in Xtract - Could be big - might tank massively - Sorry flipper - no off piste YGEN talk - class dismissed.
Well I added. It's simply too low a SP to ignore. Patience
Whether it has any impact - but it gives positivity, Rush Street is up 18% today in pre-market trading.
And apologies - the ticker should be NCYT - that was the red wine!
Dan
Hi Jadam
Yes - I know that and you know that. What I was referring to was the 'get rich quick' bubble that caused everyone including myself to pile into Covid shares.
I made over 100% on NVAX last week. I could now say '**** it' and sell YGEN but I won't because like all of us here I believe in the long play. In reality we have no real indication of why people sell out (hence the ongoing downturns when we get good news) but if you've piled into many Covid plays as a lot of people will have done, it's so much easier to cut the weaker SP ones when you're sitting pretty and not care about any loss.
We are all in this together and you should know from my previous posts that I'm extremely bullish on the growth prospects for this one.
Dan
I am wondering as we approach the tail end of the initial Covid testing bubble whether a lot of the sells and general downturn has been the Novacyt crew and others who bought in thinking as I initially did that this would also yield massive quick returns. Obviously NYCT has done well this year. When you're up on a large position you really don't care about losing some on a share like YGEN that hasn't been delivering the same SP increase.
I trade some of the US markets and honestly these guys have never seen a balance sheet and have no clue what any of the fundamentals mean - they do it on emotion and momentum.
I really do feel that YGEN got caught in the cross hairs of some of this type of behaviour over the last year and as the 'make a quick buck 'brigade have exited then this has caused the SP to fall as well.
Well my response to this is:
'Dear Mr Momentum trader with no ****ing clue - have you finished now - can you please **** off and go and buy some crappy mining share or better still the latest crypto piece of **** and leave us alone now'
Yours Sincerely
Dan
On another note - Volume was 5 times the average today. Damn these squeezes - or more damn why didn't I get in at the bottom - where is that lol!
212 is for amateurs - you risk problems on both sides of the trade.
I use Interactive investor - £3.99 or £7.99 per trade depending on the subscription and it's established. Far better to have a proper broker with peace of mind.
Fantastic News.
Presumably the South East will have significantly more orders due to it's higher population density.
50p - ere we go ere we go
Looks like Eve is on a march - bravo!
I can never quite understand this.
Afterpay has just gone up 7.5% - we are down 5% - talk about a squeeze.
Thanks Saint Peter. I really appreciate your response.
Have a good weekend
Dan
Hi saintpeter. I'm in here and wanting to get into RSI but it seems to be selling off harder than justified for profit taking - is this a squeeze? - Any thoughts from anyone else that have RSI appreciated.
Dan
It looks like there are 5 new lab orientated posts advertised on LinkedIn in the last 5 days.
Come on ladies and gentleman, amidst all of the childish bickering, let's look at whether growing companies hire people in a pandemic. If you have more work than you can handle then you advertise for staff.
I really hope this inspires some confidence in the company that you have invested in.
Dan
Hey Truro Trader - nice to see you here. Let's hope YGEN can copy some of this action.
Have a good week
Dan
Theosus
Following on from your comment, it's encouraging to see that in the financial crash it went from 100ish to 200ish in 6 months! - between Jan 1st 2008 - July 2008 - I think I might start to average up a bit when it starts moving some more.
I do however feel sorry for the damage this has caused to smes. It's affected my industry considerably so it does suck to make money from other people's misfortune.