FWIW26 Feb 2022 08:50
FWIW my personal view is drop yesterday was a combination of things
- We all know there has been a big seller/s in the background (just obvious from trade data over time, nothing concrete that I know of) and volume is news driven, so when selling into big news buying volume dramatically increases for a short period, soaking up the ongoing sells easily. When no news due then volume decreases and selling continues, so SP drops due to more sells than buys. There are many reasons to sell shares that are nothing to do with the company’s performance but more personal reasons for the seller.
- people didn’t want to hold over the weekend. No one knows what will happen next with such an unpredictable Russian leader. As much as this company should not be affected by the Russia/Ukraine situation, all the global markets have been affected this week whether they are exposed to risk from this or not.
- general consensus seems that no more news expected imminently and so attentions divert elsewhere or some selling here to average down elsewhere as they think there is time to get back in at a later stage.
IMO we have had some cracking RNS’s and shows the company progressing well and plenty of opportunities to be had. I have seen mention on this BB of possible deals with USA, NHS, EU etc. and news regarding these will have the bored/panic sellers running back, probably at a higher price than when they sold. With a current Mcap of £7.1m, only 278m shares this will move up quick once seller/s are finally finished. That’s OK for me as I have been accumulating a nice little pot for myself during this low and topped up again at 2.58 yesterday and am happy to wait it out.
There is no guarantee with anything in life so you have to take your chances. Research will improve those chances in your favour.
GLA :)