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Will be used an excuse to drop it to 200, maybe lower.

200MA is @180

ODX
OEX
STX

and congrats to Fek for May

Another possible explanation for surge is a short squeeze.

When I sold out, earlier in week, there were still significnat shorts still in play.

They all disappeared yesterday, so looks like this was a bear trap play by bulls and this has caught some Shorters out who were presumably then forced to close postions.

Well done all that held

I think I need to go back to drawing board and do less over analysing of situations

Hey 1509
Still on learning journey with SPACs, but this is the picture as I see it.

SPC currently valued at over £6m and is about 70% above the placing, so it is looking a bit of a high premium for a cash shell if you compare it to RDGC, but is less than half value of QTZ. The dual listing on AQSE Is a first I’ve seen for any SpAC so this is the intrique, but most likely signal intent to rto

It’s being heavily linked to Hellenic Dynamics which is muted as being valued @ £50m pre-ipo, so if this does transpire to be target rto with that sort of valuation SPC could very well negotiate a pre-ipo placing at a sp north of 0.3 for rest of shares to meet valuation.

But at the end of day, the whole of Investing in SPACs is growth post RTO, so u need to be comfortable with the whole process of going into suspension for a few months and then seeing how it does post RTO.

It’s managed to clear both 50 and 200MA levels this week which is mighty

You done well Nol.

I didn’t think it t was going anywhere this high on first recovery.
It’s moving like news is round the corner, but looks a pump to me If next news is P3

Looking tempting for a punt.

Near placing price and low lows..

Agree John - this has been a tranquil one to trade for one.

Also, today is first time in weeks my pfolio is looking healthy. Only sick one still is RDGC.

Also my watchlist is also mainly blue today. Is the tide turning now and the bulls are coming back.

Sincerely hope so. Need a pick me up.

GLA

Something looks imminent regarding a RTO announcement.

Looks to be SPAC season right now.

The big question is if and when RTO happens what will be the pre ipo valuation and placing price of target company vs NAV of RDGC. Will be around 1p mark or less.

If it’s less, it’s gonna have to multibag when ipo floats just to break even for a lot of RDGC investors

Movement on such modest volumes too, - this is so easily manipulated either direction

And come out of nowhere too.....

Is this gonna be one of TBs momentum specials like BRH a few months back on no news

Not a coincidence.

Clearly still under NDA with govt

Fek - You might aswell add Orph to the pharma list also. All of these are in oversold territory and are expecting a RNS which could easily trigger 30% + moves from their current levels

ODX.

Just moved all my SNG returns in there.

I think it probably still is going to be a trading event as P3 trial news is not until H2 and that is the only news that is really going to shift the dial on this stock imo.

I decided to take 30% profit today

I think the larger than expected rise today was linked to a separate mention in RNs by JM of the fact that they are now commencing phase 3 trial dosing in India where the need and opportunity for COvid therapeutics is huge.

With BTC still plummeting, is this a sign that More liquidity moving to equity stocks or is crypto liquidity coming out of markets period?

Markets do look very fragile at the minute as too much money appears to be invested in crypto and all other sectors seem to have a watching brief waiting for more liquidity to come in.

I hope we see some renewed investment in other sectors during summer else I may have to switch to a more traders mindset and take more short terms postions which I don’t want to do....

Following CRTM announcement, currently have 25% of my pfolio in suspension pending RTO completion.

COPL, MUST, CRTM

By end of June potentially could have added another 2 more to suspension : SPC, RDGC....

I’ve gone from never holding a suspended share to potentially having over £250k tied up....wtf?.!!!

Didn’t really think this scenario thru properly of having so many stock s,suspended at one time, hopefully it works out, but Let it be known I am bricking it a bit as I am in the “unknown “

I hear ya Fek.

SNG is like watching an oil tanker doing a u turn....