RE: Nicholas Slater2 May 2021 14:57
My apologies.
It was late at night and i just came to a conclusion that it was due to placing. After looking at the numbers in more detail he reduced his holding by 17.76% of which dilatation was 11.9 %. So he sold 5.86% of his holding. I think he bought some GILD. See his recent tweet:-
https://twitter.com/patviera/status/1387719028597219328
Current market cap:-
4,913,328,550 x 0.185p = £9,089,657.82
Nick's holding:-
£9,089,657.82 x 9.82% = £892,604.4
My investment is 4% of Nick's total investment. He has made some smashing calls in the past. I think he will make a killing on BLU. Let's look at the chart.
CHARTS:-
We are in a WEDGE which started back in 17th May 2012. We touched the upper trend line on 17th Dec 2013, 22nd Oct 2014, 7 th Dec 2017 and 6th Jan 2021. A break of this will take us to 2p. We are currently playing with 200 WMA and are above the 50 WMA. We need to close above 0.25p to break the downward trendline and this will be the sign i will wait to increase my holdings.
Target 1: 0.7p ( Small resistance)
Target 2: 1p
Target 3: 2p-3p (Zone)