Member Info for djia

"Midas: The thing is there are no buyers even at this level"

Well, someone bought over 400,000 shares over four tranches half an hour before the close on Friday which is fairly chunky compared to the usual.

Markets move due to technicals. News may give it a nudge but any investor / trader should know that the news narrative that explains the move to the masses has relatively little to do with the markets. Particularly intraday moves. Of course, naysayers will point to Russian mining stocks. Yes, news gave it a nudge but, in some cases, those markets only revisted all time lows, looked below and failed only to bounce - which is still a technical move and normally precedes significantly higher levels.
Yesterday, the FTSE dropped 2+% and it's apparently because of the war and oil. Today, a children's hospital is bombed, oil not sorted, power off at Chernobyl and the FTSE is up +3% and it's all because of the...... Oops, guess those "business reporters" can't use that narrative today. Can't have it both ways.
The majority think the market highs are already in on ES and other US markets. I and others see at least +30% upside relatively swiftly. Chart shows that fairly clearly. Of course, some news narrative will justify that when it comes. If it isn't Russia, it'll be something else in the news to explain it away to people who don't understand how markets and orderflow works.
Seed will of course come good - there are some lovely trendline levels above last year's high that correlate beautifully to Ed's mcap predictions.
The only caveat is if they take it private on the cheap which I won't repeat here because I've just posted about it in another thread.
Good luck all.

All this back and forth biatchfest doesn't really achieve much.
The reality is the mismatch between the mcap / share price and the nav / reality. We all know markets always overreact to the up or downside and rarely find the balance and that's where the opportunity lies.
We can moan that we can't exit yet or people, particularly those that haven't averaged down or invested, can exploit this to their benefit.

If you don't believe in the company anymore and think it's all lost, then you're a mug to stay and should sell up. If you still see a good reason to stay invested, then stay. Kind of simple really.
Too many people hear an interview and want a get rich quick option. Don't we all. But most of us here probably invested due to the potential. That potential is still there.

Whether people like it or not, the reality is that Leap is growing in value every day - that's good for Seed and hopefully for us. I don't see them doing a mate's rate deal...after all, they desperately need the money to build the cannabis fund and save face.

Even as is, it's clear the company is worth more than 10m. And, although I hope it doesn't take another year or three to sort Leap, I know that Leap is going to add exponential value the longer we wait.

However...it is very concerning that the larger volume trades are clearly sells. Is that Jim offloading some uber cheap warrants (?) at barely breakeven because he's had enough and doesn't like being involved in this any more when he has no direct say... His other investments and interests (Condor, Portage, AgeX and numerous others) are hardly doing well at present - actually Seed is strangely doing remarkably well in comparison!). Maybe an investor was invested in Norilsk or another Russian vehicle that has gone belly up and now needs to redistribute and balance out...

Anyway, as a result of this sell v buy volume, my only fear here is, if the price goes lower, they will just take the company private - hopefully they'd give at least NAV or +??% on current sp but then they'd be free to share the spoils of Leap after we've already been taken out of the equation.
If the above is a possibility at all, then it would be in Seed's interest to have an artificially suppressed share price to justify lack of interest in the market and take it private on the cheap.

Good luck all. Hold 350k. Started buying in 2016.

That tweet is a reply from Ed about Emmerson, not Seed...

It's difficult to second guess this.
Many are also saying that Lorne helped out mates on Factom. So, if that's true...and maybe if he hadn't..., perhaps his Mum could have been gifted shares actually worth 23p in that way...
So maybe that arguably damaging deal can be used as an argument to persuade him to get his Mum to sell now.
If the helping mates out philosophy is accurate then maybe that's what's happening here and Ed is being helped out so that, if we get a rise, it is sustained and has continuation - i.e. not tanked by Mama Abony getting out.
I also don't think we were told she sold her entire position. So she could still hold 1m+ easily and sell out within the decade when a single or double digit mcap may be a distant memory.

Been a lurker on the ENET board for around a year. Bought in last October for around 16.5p.
Maybe it's a good sign that some people here who seem to have the CEO on speedial seemed unaware of the fundraise.
Disappointed with how it seems to have been handled but, true, discussions probably started when the share was in the 40p zone and then insiders likely bought it up and sold.
It has so many similarities to the Portage fundraise on the Nasdaq which recently had investors fuming.
Anyway, prospects are very good for Ethernity.
On a technical chart basis, which is the area I have most experience in, today's news may end up being the perfect scenario for ENET. Fundraise anywhere nearish above the two year descending trendline that has capped prices around 60p and then you risk the fundraise price being below trend and causing all sorts of problems if things don't go smoothly.
This way, the price will likely bounce back up on news, break out, and the 80p accelerator is a price well above trend. Even if it drops to the 60p, the trend support would be low 50s by then so, at worst, a touch of old resistance/new support and up to £1 and higher. Gap fill at 1.29/30 is inevitable imo.
Good luck all.

Some interesting forum topics scheduled for September 3rd...

Resources in the Far East: Developing Everything That Has Been Discovered
3 September 2021
10:00—11:30
https://roscongress.org/en/sessions/eef-2021-nedra-dalnego-vostoka-kak-dobyt-vse-chto-razvedano/about/

The Far Eastern Concession: How to Achieve an Infrastructure Breakthrough
3 September 2021
12:30—14:00
https://roscongress.org/en/sessions/eef-2021-dalnevostochnaya-kontsessiya-kak-sover****-infrastrukturnyy-proryv/about/

Market generated information.
More or less interchangeable with price action.

Certainly not screwed.
You're 0.2 higher than where most of the staff have the majority of their holdings / warrants.
Price action is price action and while the move is large it's not of much concern. This is totally different to last year's spike and sell off.

Reading the comments and looking at the price would make you think they announced a ****ty diluting fundraise.

Not concerned at all as long as today's close is equal or higher to current level, around 1.89.
In an ideal world, I would think a close of 2.024 (that's 2 point 024 not 2.24) would be the most likely place to close it, or possibly 2.075 at a push.

Let's see. Sometimes things don't work out as expected, even with the mgi.

Geng is right.
People who don't believe in charts or price action (and, taking that to a more advanced level, let's include market profile and orderflow) are really trading blind.

There has been a big increase in volume and share price the last week which creates a larger zone to trade within.

Look at a daily chart and you will see we are now clearly in a 4-day balance. If the balance low is defended this will go and test the other end of the balance (i.e. the high). And there is every likelihood that the 3.05p I mentioned in a reply to a post headed about market makers will now close out the monthly.

If the balance low gets taken out, prices will keep going lower. Unlikely in my opinion but, if broken, that will happen irrespective of news.

This drop is technical on every timeframe, being done on comparatively lower volume, you only need to look at the moving averages that are being touched and tested. Meanwhile, RSI and MFI being reset as consolidation takes place and giving more juice to go higher.

The price action is definitely over extended. Money flow index in to oversold on the daily.
And whilst the monthly candle looks horribly ugly, the candle is irrelevant until the month closes. There is actually a price action scenario for the month to close above the July high and retest the downward trendline resistance. Above that is the 20-month vwma. And between these two levels??...2.2p...oh, what a coincidence!

Let's see what happens!

Not sure if you see the same Geng but, to me, the 100 month vwma around 3.05p (which is conveniently pretty much exactly the high of the October 2020 spike) is rather close and very likely to touch tomorrow or next week. Actually, it's a bit too close for my liking as there's more than a trading week left before the end of the month and normally you'd expect a bullish month to ultimately close just below it before the next candle to open and extend breaking out far above. So a pullback or consolidation wouldn't be surprising.
The only other scenario I can see this month, IF there is no retrace soon after a touch, is a strong break through that m/a, not looking back and possibly going in to ~5.5p area before putting on the brakes.

One hopefully useful point for those that don't really do charts...
Many are talking about last year's spikes in to the 3p area. Whilst those prior highs still carry some importance as price returns to these levels, it is also important to understand that those highs, at the time, represented resistance levels on a rather steep descending trendline. Because of the steepness, that resistance level is the recently much written about level around 1.8p that the price action is well clear of (and why this recent
breakout move has been so strong). So, in many ways, these price levels are now a totally different landscape price action-wise to what they were last year.

Fingers crossed. Have been in AMC since 2016. Hold 1m.

The PK study was mentioned previously in an RNS or two so I'm sure they will have got a head start on whatever they could have done prior to confirmation.

"is the final guidance meeting at which the FDA will review the proposed methodology of the pharmacokinetic ("PK") study. This study was requested by the FDA as part of the new optimised international Phase 3 trial of Lupuzor™" June 2021

My concern is more with the share price being beaten down within minutes of the open after the FDA PK confirmation RNS.
It doesn't make any sense - most people are locked at a higher sp - the 22% up didn't get to those levels - so those people were not selling. It also wasn't a volume event - fewer than 2% of shares in issue were traded that day. It's obvious that almost all the shares are sticky either with people who think the stock will one day go to the moon, or those who want out at anything in the 13-20p range.

It makes me wonder if there is going to be a takeover by Avion or other party. Keep the existing staff and new board on, get control of rest of world rights all for perhaps a c.100% markup on Friday's close. Find a price that means Zimmer still comes out ok-ish. Maybe a cash dividend and retain the other bits of pipeline.

Maybe I'm way off but, although Imm is a much smaller fish, the price action in the last couple weeks has echoes of Horizon Discovery Group.
https://www.investegate.co.uk/perkinelmer-inc/rns/offer-for-horizon-discovery-group-plc/202011020700108563D/

Surely it would be a really good risk/reward for Avion (especially if they believe in the drug so much) and they could use the funding of the new stage 3 as leverage.

Any thoughts??

Holding 120,000 shares.

Like many here, I was also surprised by the 22% up followed by being briefly down on the day.
Whatever your views on Imm, it is totally illogical based on mcap so, most likely, a big player decided they wanted to accumulate around the gap fill so price was driven down to there. Either that or some crafty antics to spike, sell and rebuy, essentially a re-short to break even on a pre-existing losing short.

This is priced to go bust yet, with recent board changes, there's a high probability of some sort of rest of world licensing being negotiated.

And for those who, again like me, were surprised at the phase 1 before new phase 3 etc., it was actually made clear in a previous rns but perhaps I just read it too quickly and I definitely didn't re-read.

I would expect this to finish half decent today. And tomorrow's move will likely be bigger and more positive than today. If we want a sustained rise, that's far more preferable to 100% up today followed by 40% down tomorrow. Price action is key even on small volume AIM stocks.

Good luck all.

The drop between June and July seems to match an increase in Interactive Investor which was when a large portion of EQI accounts were moved over.
Not everyone was moved over and, for those that were forced to move, they could opt to move elsewhere so the 13.5m could be a few private investors who either remained at EQI or moved to another boutique ISA and added, but the nominee account still escapes major shareholder status. They could have even been switched to II and then opted to move elsewhere. IG have also been working hard recently getting people to move over to their ISA offering so some share could have switched to them, too.

Anyway, whatever the reason, good close to the week and, if there's a break and acceptance above this week's high next week, I believe it should be more sustained than a pump and dump.

Fingers crossed. It's been a long wait!

I also think this is probably good news.
Someone here mentioned you hardly get a new crew agreeing to come in the moment the ship is sinking. Couldn't agree more.

What's interesting is the chart.
Currently, intraday, it is below long term weekly rising trendline support (the support that connects to the lows either side of January 2020) and, if it doesn't get some giddyup in to the close, it would be the lowest weekly close below this trendline. Yes, before I get corrected by non-chartists, there have been lower weekly closes but they were at levels that were, at the time, above the rising support trendline.

Having said that, I also seem to remember IMM once announcing some FDA communication during the afternoon (morning in US) so let's hope for a 3pm RNS and a stunningly bullish monthly candle by the close.

Have been in and out (mostly in) of IMM for years since before the original Phase 3 before the big rise. Currently hold only 120k shares so rather modest compared to many here.

Good luck all holders!

RNS Feb 2020

"As part of Adam Habib's consultancy agreement, he has been awarded a total of 25, 619,260 share options over the Company's ordinary shares with an exercise price of 1.95 pence per share (the "Options"). Of the total, 12,803,630 will vest immediately and are not subject to performance criteria. The remaining 12,803,630 are subject to performance and will vest as upon the successful completion by the Company of an off-take agreement, or completion of a producing asset investment. The options will expire on 13 February 2025."

There was a Telegram group - there still is but it went private/invite only after the members shared Google Docs of accumulated holdings.
There are some posts on Stocktwits about joining the private group if you scroll down a little.

For the few here that don't know, Portage recently went fairly quickly back up to 40 (where it had reached pre-Nasdaq ), then a fundraise was announced a couple weeks ago at around 23 dollars. Obviously, 23 may have seemed better when they were discussing terms when the market was at 29 but there a lot of unhappy shareholders feeling it was discounted far too much, sold to those mates that had yet to get in and regular shareholders shafted. Shorters probably adding to the drop. There's talk of a floor around 18. Difficult stock to do longterm chart analysis on, for the obvious reasons.
Long term it has a great future and, assuming they don't pay out monster dividends (like they did when they spun-out Biohaven) and keep the share price in the current range, a share price of $100-200 is totally feasible within the next few years based on current mcap.

I am sure FFWD will be kept in the loop re. Portage. After all, Greg Bailey and Jim Mellon are friends and are also involved in Juvenescence together.

It's 1215 and there is no longer a dip.
Charts looking good on every timeframe up to D1.
Geng, how about that for the just closed 4hr candle!? A thing of beauty!

The low at 1124am will likely be the weekly low, imo, after that beautiful reversal to close the 4hr up.

Many thanks Geng. Much appreciated from a chartist like you.

I totally see those levels you mention. I was only talking about that descending trend as I feel that could meet some resistance...at least the first time it attempts another break above.

Can also see your likely end game scenario. Obviously, we'd all love a bit more for such a good asset. But I wouldn't be at all surprised if 5-10p ends up being the level.

Incidentally, one of my next major levels is just above 5p...a slightly upward trend extending back to the first half of 2018.

Many thanks for your insight.