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Hi Prof,it can be a bit misleading when you look at these numbers because it does not tell the true tale of today's trading. In the face of strong selling some sellers will take their sell orders out of the market if they think that the sell off will be overdone and wait for a "bounceback". This can lead to a "falling away" (or crumbling if you will) on the bid side which accelerates the downward movement. On the face of it it does look a bit odd when the buys outnumber the sells but the SP has gone down but this is just part of the normal daily movements - at least this is my understanding of it.
Hi Prof,believe me when I say that this is one time I wish I had been wrong. It is a sickening thing when your stock(s) plummet and won't come back up no matter what. I hope for the sakes of all those invested in this stock at much higher levels that things turn around at the end of the year with the next round of drill results from Bibemi.
Hi Leathal, hope ur doing OK. Very tricky markets at the moment. I've just added a utility stock to my medium risk block - usually a plodder but great if there's a correction. Stocks like that aren't very sexy but they serve a purpose in my PF.
Cekim,you may have noticed that I have not posted here on this board very often in the last 3 months or so. The reason for this was that I got sick fed up of arguing with idiot rampers that only wanted to "push the upside" which I thought/still think is dishonest and leads to inexperienced traders/investors over-investing in a stock that they really shouldn't! It is perfectly fine to own shares in a high risk company such as Oriole but it must be PART of your portfolio NOT the entire thing!
Kutzz, you are one of the people on this board that I was rooting for (as the yanks would say) as, although I could see that you were over-invested here it would have been good if things had worked out for you. It is a very difficult thing to first admit a mistake but it is the first step in rectifying it! There is a reason why people stand up in AA meetings and state their names and that that they are alcoholics as identifying the problem is the first step. Once the truth has been accepted they can start down the path of redemption. In your case (and many others on this board probably) it would be to reduce your position size. No doubt the idiot rampers will attack me for stating,what for me is, the bloody obvious but believe me once you have "lightened the load" and re-invested the money somewhere else you will immediately feel a bit better - take my word for it!
Cekim,first of all I am as much an "investor" as you are. Secondly,I was trying to give good advice! Apologies if you have somehow found offence!
Burleigh,you are right to have your "eggs" spread over a number of "baskets" as that is good portfolio management. I have a "Christmas tree" approach (40% low risk,30% medium risk,20% high risk and 10% cash) though this needs to be rebalanced every 6 months or so. Sometimes people are tempted to "top-up" which leads to over-investment in one stock/risk category. "Topping-up" should be done very sparingly and only a few times a year,if at all, in my view as it IS risky to allow your PF to become over-exposed to risk. Risk management is a big part of trading/investing and can make the difference between making a nice living from the market and losing a packet!
Hi Troajan,nice movement this morning. "The only way is up..." as the song goes!
Re: HE1 - At the risk of "spouting the bloody obvious" it really is high risk over-investing in one stock especially in this market though some still do it. So many inexperienced investors buy at the wrong time and when the SP sinks they think "Oh! I know, i'll just top up and average the price down" and when the SP continues to drop they then feel committed to repeating the same mistake again! Before you know it they are sitting on a 50% loss with no capital to help dig them out as they are 100% invested in one badly performing stock! Most experienced traders/investors were probably diversified into enough other stocks to mitigate the hit but I do feel sorry for some of them - we have all been there!
Kitzie, I must agree. Sometimes it's a case of "challenging circumstances" too. About a year ago I was feeling bad (headache,cough etc) so managed to organise a "home test" to be sent by mail. The instructions were clear in that I had to insert the little Q-stick up my nose and place it into a little test tubelike thing at 7am the next morning as that was when it was going to be picked up! My bungalow has a "PIV" system that pushes bone dry air into it thru the ceiling so sleeping all night in those conditions causes my nasal cavity to completely dry out so when I went to complete this little medical procedure there was nothing to attach itself to the Q-stick! Not only this but I was feeling really bad and probably would have messed it up anyway.Suffice to say that the test came back negative but to this day I am positive that I had Covid. I ignored the results and quarantined myself anyway but I will never be sure whether It was indeed Covid that I had.
I think that the general public must be better informed by the Gov about antibody testing now. It is understandable that the onus has been on vaccinating as many as possible (and the NHS has done a fantastic job for us on that) but now we need to move to the next phase and to do that we need to bring the general public with us.
Starbright & Brentw1, it is not for you to "moderate" the board THAT is the Moderator's job. Too many bullies on boards like this right now - that's not acceptable. If HKK wants to post something he/she should be welcome to do so do you not think?
If you're right, Hertstrader74, then this is going to hit nice levels when the RNS drops (later 2day,2moro morn,Monday?)
...somewhere knows something! A rise like this out of the blue on NO NEWS is, quite often a precursor to an even bigger rise to come. I'm not ramping here as the evidence is there for all to see this morning.
Poundland? I think my butler went in there by mistake once when fetching my anusol from the pharmacy at Fortnum & Masons!
P.s It should read "...repeatedly revisit..." and also to explain to all those who think that TA is a form of voodoo black magic(!) that the stochastic oscillator is usually a good indicator when it comes to indicating a change in trend (this stock has effectively been downtrending since January) and THAT is what it is showing right now. Which is why I said not to worry about getting in too high as, buying in to an uptrending stock usually means profit not loss!
BP, It is quite normal for a stock to pullback from a sudden move higher and repeated revisit the PB level in the short-term until confidence in the rise has been established - then it starts moving up! At first it will revisit the resistance level and test that (perhaps more than once) before breaking thru on the next leg higher. From a TA perspective (which IS complicated in this case due the the fact the company hasn't been trading long enough to generate a 200MA on the weekly chart) the stochastic (on the weekly chart) has crossed above the signal line AND above the 20 line which is a buy signal. The RSI has crossed up thru the 30 line = another buy signal and the MACD, although below the zero line has crossed up thru the signal line which equates to (you guessed it!) another buy signal!!!
In a situation like this you don't worry about getting in too high as the stock is about to move much much higher. Maybe not today but soon if the TA is right - and it usually is! The weekly charts view the longer term movement of the stock so if you are looking to hold this short-term only you need to view the charts with a shorter time frame to gauge entry/exit. Hope this helps!
I think that some traders/investors thought that with the advent of vaccines it would spell the end of the boom times for NCYT but testing for viruses will be necessary not only for the one we have right now but for the ones that are sure to come. The world has just been shown it's future I'm afraid and our freedoms can only be secured through the regular testing of the masses.
I have come back to NCYT after a long absence but first bought shares in the company in early Feb 2020 when it was around 35p or so. It has been a wild ride that has meant a comfortable retirement for me. It feels good to invest in something that is providing such an important service to the community.
Thx 1.B.B that (partially) explains it. I would love to have a bit of detail around the blocks of 5,000 but I guess we may never know! That there is lots of excitement around this stock is a healthy thing though.
Rapid upward movement in the last 15 minutes I meant!