Member Info for GumT

Insider trading. That's why. Transfer of wealth from those without a clue to those in the know.
It was all just a rumour to pump up the price so the chums can make a few millions.

Another pointless RNS.

Time to buy? Certainly not based on this RNS. Otherwise, SP at the bottom of an upward channel so technically, it can rise.
Still, I wouldn't throw good money after bad if I had bought at the highs. Pump & dump, no doubt.

SP has been making higher highs since 29 July. It's a mini uptrend. Currently at the bottom of the trend tram lines. It's due going up. Target 900 in about a week.

Nevertheless, it's a clear case of pump and dump.

Sunny, yes, you'll lose or gain the difference between the purchase price and sell price.
Don't worry yet. This share may go up again. Though I wouldn't have bought at £16.
And never ever believe that share prices go only up. There's nothing like this in the real world.

@Sunny, you do realise than GCSE in economics means absolutely nothing. Even MBA will not guarantee you understanding of the stock market.

50% is perfectly achievable on this share.
Think big. Say 500%.

These are only rough figures.

@Pandy, you can buy any time. It's all about probabilities. Buying now may be the best investment you'll ever have and see multiples of your money. However, as it is a down trend, you can't know if this is the bottom.
Above circa 850, sp will be out of the current downward tram lines as well as on support. I'd say, it's safer to buy then and hold up to £11.
If £11 is rejected, best to sell as it'll be more probable to go down, rather than up.
If SP closes above £11, it should be on a solid support and confirmation of an upward trend. You can eye £17 then.
SP never goes up or down in a straight line.

As I said previously, SP would hit 620.
It's currently in consolidation. Watch out for a daily close below 620. If so there'll be a further leg down.
Sp may rise to 750 or so and still be in the down trend tram lines.
Do not buy at this stage. Do not.
SP has to rise well above £10 before it confirms an upward trend.
GLA

Very few people here know what they are doing. They have well reasoned posts, well researched facts and plausible prognosis. Many posters just jabber nonsense as if SP pays any attention to their childish ramblings.
There are those who get sucked into the illusion that buying upon recommendation from rampers is a prudent thing to do. And they get hammered.
Hence, for balance, it is good that people like me and a few others, bring sense to the discussions from time to time.
Capital preservation is better investment than throwing money on a falling share. No one, other than insiders, can catch the bottom or the top. If you want to succeed, you'll have to go with the trend. The trend now is downward, as MasterRSI will surely agree. Trying to preempt is a costly mistake. The one I made in the past many times.

Joe Biden is no one of importance. Presidents don't run economies. The largest corporations do. They are the mafia.

Next support level at 620p. If it holds, good.
It's more likely that it'll go through it though.
I'm not sure what support will be after that, but it does look like a falling knife. Don't try yo catch it. We may well see sub £3 very soon.
It's a clear case of pump and dump. That's what they did in 2014, this is what they did recently. I belive that the company is in much better position now than in 2014,yet the crashing price is no consolation for shareholders. I sold just prior to the spike at a very good price and profit and may get back in again, but not yet. I'd rather miss the boat buying than miss the boat selling, as most of you now would agree.

I commented a few months ago that the share price would retest the previous high of 2250 and likely form a double top, that is, so will likely fall.
The rejection of the double top has been severe. Up to about 1200, the upward trend could be saved. Below £1, came the support of 850p. 850 is what is holding it at the moment. If it's breached, if SP closes below this level, I don't know where the next stop could be, but we may well head much much lower than now.
The good news is 850 is still intact. Hopefully the worst of the drop is over. The board should've come up with RNS to calm the investors.
If the business is solid, sp will rise. Patience required.
It's best to hold the shares and not sell at this price, especially if you are at a loss. Those who sold when others were ramping up, did well.

The double top I feared it would tank the price. And is on the way to breach the double bottom.
Still, there is a rising trend line from the lows of4 Feb and 7 March. If it holds, good. SP may find support there. Otherwise, SP willfallbelow the levels prior to the take over rumour.

@Busybuilder, you are probably right.
I do expect that SP will try 2250 again or at least around 2000 level.
Alternatively, if it falls from the current level, which is a support, we may lose a couple of £. And then wait for the results.
It'll be positive if closes above the current level today.

At support level. SP is expected to rise today.
However... it may well do the opposite. Though the probability is going up.

Andybopprer, of course, it is positive. It would be worrisome if he was selling. Like what the other two executives did just before the rumour leaked out. Selling 20000 shares each. SP did tank a bit then but the takeover rumour came just in time.
I hope for the best for Boom shareholders. Especially if you bought before the big crash many moons ago. I hear that some people were sitting on big losses. All in all it has been upwards in the last two years.
GLA!

@BodRuncie, you can't be further from the truth. Your explanation is just a rambling of someone with a wishful thinking. Not realy a sound analysis of what we see here.
You don't know why Tobin is doing it unless he told you himself. His purchases are only noticed because he is a director and has to report them in RNS. The amounts make no difference whatsoever to him. He isn't buying as an investor, that's certain. If he was so greedy, he could easily buy the whole company. Or he could set up a separate entity, or use connected people and buy at will.
IMO, he is buying something periodically for the sake of people like you. To keep you interested and excited.
Yet, the SP doesn't move because those who can move the price, i. e. the big investors, aren't dazzled by small purchases neither by your analysis.
Lor_9 told you but you still don't get it.

I'll wait for the April's results. Capital preservation has earned me much more than risky investing. And I've experienced both (cf, WRN)
You do what you want to do, of course.

Technical analysis can never be a sure thing, but if you look at the chart, it seems that the price is currently consolidating. I expect that it will retest the previous high of circa 2250. If it breaches it, may move another leg up.
If it rejects it, double top, the price may well drop below the current level towards 1600.
Either very good results on 11 April or an announcement of the deal (or both) may prevent the fall.

@Boombangabang, the price isn't reacting to Tobin's purchases because the volume is minuscule. If he was to pump £100k- 500k each time, the price will rise.