Member Info for ElysianFields

The introduction of Tesla to the market: more competition or a potential buy-out opportunity?

To get this nation 'back on track' we need less government intervention, a reversal of Mad Ed's energy policy which will hit the poorest most, the removal of any thoughts on slavery reparations, and when other European countries (including Italy & Germany) are tightening their borders a grown-up solution to illegal immigration. None of these will be covered in the budget. In any event, unless Rachel Thieves has received an intensive course of elocution lessons in recent days, I shan't be listening live. In some ways I'm also excited. If the doom-mongers are right, I'll be winding up my two businesses and packing my bags. Where to? Free admission to test venues in Sri Lanka sounds appealing. Perhaps a couple of months in Thailand. 90 days in Italy ...

My sentiments entirely. Rather depressing times ahead, in so many ways. I wrote to someone yesterday suggesting that the new Labour govt. should set up a Dept. for Pointless Quangos, Safeguarding & the Destruction of UK O&G. That should absorb some of the extra £7 billion in tax revenue.

Picking up on the theme, it was only a nautical reference to perceived resistance at 12p! I agree with you.

Picking up on the theme, it was only a nautical term to reference perceived resistance at 12p! Otherwise I entirely agree with you.

If we can get through the doldrums at 12, can either of you see 20+ through your telescopes? That would be party time.

A very disappointing outcome. As a LTH since the St. Ives days, I've no doubt the solid base of the co. would have taken them back over £2 in time. Now rather looks as though the recent drop in price was possibly engineered. I note that OnTheMarket are recommending an offer at the same price today (110). The only difference being that it would be hard to have lost any money if that deal goes ahead, whereas I imagine a lot of shareholders here are licking yet more financial wounds.

Likewise. I've re-entered @ 129. The RSI dropping to single digits indicated huge overselling to me.

In full agreement!

Very well summed up, Porsche. I have argued these points for years, but some still stubbornly refuse to accept the reality. The UK market has become such a toxic place for genuine investors that I now only trade short-term in the UK and add US stocks to the long-term portfolio. Doom, gloom and uncertainty simply undermine any confidence and rallies rarely last. Inevitably, there'll be a few exceptions that will prove the rule. I still hold a fair proportion of oil & gas juniors, but I fear the bears will control many sectors for the foreseeable future.

If they do have plans to list on the US market, they'll need to change their ticker symbol. The last ORPH (now renamed ORPHA) lost a lot of money for many. In 12 months it fell from $33.00 to $1.80. A very different company it's true, but in a similar space. I'm not sure holders of Mereo or DDDD will feel that their American flirtations proved very rewarding!

As you hinted back in March, I'm afraid the clue was in the chosen ticker for this one. Probably the only time the directors were honest.

It might dip below 50, if we continue to see the (now usual) misrepresentation of trading activity. I had three 'Buys' today, all marked as 'Sells'. This will only serve to deepen the gathering gloom of correction.

Now regret cashing in 85% of my stake at 190, but it's not a propitious time to be too greedy. Probably have to adjust re-entry point from 156?

Yes, I totted up the buys & sells according to my H-L account around lunchtime and the buys outstripped the sells by around 50%. Still the price continued to nose-dive. Bought a few at 39, but these were recorded as a 'sale' on the platform! Also spotted the Liberum recommendation to buy, posted on the same day, with a target price of 90+. Curiouser & curiouser ...

Surprisingly quiet today given the movement in the price.

Yes, this is a roller-coaster stock with too many false hopes raised by rather empty rhetoric. I've had it for a while, off-loaded 50% when it was 60+, but averaging just below 40p. Low expectations, but should reach 50p again.

I notice this board has gone rather quiet. Cautious optimism turning to pessimism perhaps? Are any UK equities a 'Strong Buy' right now? Let me know if there are!