Member Info for ELSteve

Very basically any fundamental change in the share price because of a positive or negative RNS is reflected on the chart and people will look to previous chart points for support/resistance levels.

No the price drops on the Ex date not the payment date

Paul you are doing the correct thing by using the skills you do have to make money, there are so many people that use skills they don't have to lose money !

Personally I can do both, I ran KOD from 0.39 to 0.89 long term, although was offside for a while, and did a bit of intra-day CFD jobbing on the long side but it's been a fantastic stock to trade with the recent daily ranges however my achilles heel is shorting stocks, it just doesn't sit well with with me so I'd rather buy some longer dated puts on the indicies and even then I usually close out too early.

Longer term I think the fundamentals here are superb but from a trading point of view I think we might have another upside push before we get a bit of a retracement whilst we wait for some further news, obviously AIMO and not a recommendation but please feel free to remind me if I'm wrong.

Lav, firstly thanks for all your informative posts on KOD over time and yes one man's stop loss is another mans liquidity. MM's don't have to hold shares just make a market price in a specific size, I have seen a lot of short squeezes from MM's trying to scramble to buy stock to cover their positions when caught out so it's not all one way traffic.

Paul it appears that you are someone who trades the market as a genuine investor, by that I mean you do your fundamental research and invest accordingly so whether the MM's widen their spread or play their games it makes no difference to your long term view. Where it matters is to the short term traders who use technicals or momentum on a leveraged basis and are looking at making just a couple of ticks , dropping the bid can force these traders to stop themselves out and look for the next trade hence I say they can pick up some cheapies just by playing with the spread.

Paul, I have been a broker for 25 years and know many AIM Market Makers personally and their little tricks and this is one of them.

Don't forget that Market Makers also drop the bid to induce people to panic sell and pick up some cheap stock.

I'm not invested here but have been previously, I find it strange that the management have not issued an RNS saying they have no knowledge into the share price movement. Personally I wouldn't consider investing again until this point is clarified

Golden Sacks at it finest !

Wow never thought I'd see a 17 big figure again !

Interesting, Bloomberg data on 8/11/22 shows they held 3.83% so they have been quietly buying for a while.

Congratulations GGG, maybe put some i3 in a junior ISA for them as a great start in life !

Stopping the buy back will make it more difficult for the shorters to sell without spoiling their own market, the fact there is a guaranteed bid for half a million pieces a day gives them a reason to sell.

This is one of the problems of share buybacks as it gives the shorters an artificial bid which they can sell knowing full well that when the buyback stops the market will probably drift. I would stop the buybacks for now and let the market find it's natural level and then restart the program rather than throw good money at this on a daily basis.

I intend to hold this and reinvest every dividend for many years to come, like you jolly just letting off a bit of steam as it's annoying to watch the sp erosion on a daily basis.

Almost feels like a capitulation day for someone that needs to close out.

That is how I am starting to feel jolly. I keep reading about the lovely dividend and the yield at 7.5% but since 26p traded on 7th November the share price has decreased to 22p this morning which equates to 28 months worth of dividends or 2.25 years of holding. I am reinvesting my dividends each month into my pension scheme so am here for the long term but would like to see some potential upside at some point, the feel good factor seems sadly lacking at the moment.

Bladey, it's just the difference in the bid/offer spread as the individual market makers open up their books.

Well considering we were printing at 26p on Monday I think a 10% retracement on the week is a little harsh. I did buy some at 23.5p this morning on a cfd, I like to keep my cash and pension fund holding where they are and just punt some leverage between the 23-26p range for some beer tokens.

I can just imagine Todd in his psychiatric cell in his straight jacket ballpoint pen clamped firmly between his teeth desperately trying to use the keyboard of his Fisher Price my first computer attempting to open an LSE account.

I note from Bloomberg this morning that Liberum analyst Gerald Khoo who has a buy note on IAG and has raised estimates to include 3Q performance has said "We see scope for optimism given that strong pent up demand could outweigh modest recessionary headwinds" Perhaps this recession the media keep fixating on may not be as apocalyptic as they predict after all !