We would love to hear your thoughts about our site and services, please take our survey here.
I am no expert Benny, its knowledge I have picked up over 40 years of investing, much more seriously in the last 10 years when I transferred my pension to a SIPP and looked after it myself. I felt if I was to succeed I needed to know as much as possible about how the market works, I still have a lot to learn but what I do know has served me well.
I do not have the insight that some on here have (MB, Jadam, Starbright etc) so do not post much on the merits of a share.
Am heavily into ODX, 140,000 shares, a holder from pre Covid days, average around 45p, in fact just topped up a bit with my last available funds an hour or so ago.
Good luck.
Dont disagree with you there Russky, thats why I said 99% of the time.
Hani - when a trade is made only the price the trade is made at is reported, not whether it is a buy or a sell. This is a Stock market rule.
Sites like this push those trades through a computer to try and determine if it was a buy or a sell based on the reported mid price at the time. They so often get it it wrong (especially when the spread is narrow or in times of high volume) that they are hardly worth looking at.
They then use these figures to determine the volume bought and volume sold figures that the publish on the site, so again they are completely wrong.
Things are further complicated by late reported trades because they are determined at the time the trade is reported, when the mid price at the time is probably completely different to when the trade took place.
The only figure you will see that is true is the Volume published figure.
Believe me, it really is supply and demand that that moves the price, market makers only make their turn when a trade is made, they are therefore looking to get maximum volume, so need to set the price at which people are willing to both buy and sell.
Hope this helps, all this stuff is available if you Google it and research. The more you understand how this all works the more chance of success you will have in your trading.
Knowledge is power!
Thanks, just too many people who do not know how the market works, my buy is marked as a sell is another classic one.
All this Market Manipulation stuff is carp 99% of the time.
Price is determined by buyers and sellers, more buyers the price goes up, more sellers it drops. Supply and demand!
Pennance - I think you need to learn the difference between a Price Monitoring Extension and a Speeding Ticket!
As far as I can remember, without checking, ODX has had 1 Speeding Ticket.
At the time of course, it was why the price rose yesterday.
Share price is dictated by supply and demand, that's why its called a market.
Sorry, it should read any trade (not buy) in the first line
They take so long Real because it is Stock Market rule that any buy more than 6 times normal market size is delayed for publication for 24 hrs in order to maintain an orderly market.
Also you do not know whether they are buys or sells, you need to go back to the time the trade took place and the mid price at the time. Even doing that you cannot always determine it.
A post to follow my post to give a classic example of what I meant, and it gets 5 recommendations!
A good start Pablo would be the Company website and all the RNS for the last 18 months (you can skip the Price Monitoring ones and the options ones)
If you can take all that in and understand it all you will have a good basic knowledge of the Company.
What on earth are you smoking tonight?
Just 10 months late bringing it in.
H. Q I do not know how you can check this, apart from looking at the Share trade times, though they may not necessarily be after hours trades, they can be late reported trades.
I would not concern yourself with it anyway, it is mainly for bigger companies than ODx and for institutions.
By all means spend your time learning how the markets work, there ia wealth of information out there if you Google it.
Knoledge is power, the more you understand the better chance you have.
Good Luck.
Yes Rivaldo, have been here for over 3 years, when 99% of people here had never heard of the company.
Twists and turns! - understatement - but now we have our rewards. Have added substantially as Covid has developed and
kept the faith.
Well done to you asnd the others.
The Govt. want 2mill. Antigen tests a day and they want them British manufactured. This will take all the production capacity
of most of the British companies, we are certain (well 99%) Odx are involved as well as Surescreen and GAD and now Avacta as well. I wonder if Abingdon have been left out in order for them to concentrate on the antibody tests.
No, nothing has happened today.
Go back to sleep.
No suggestion at all that Platinum knew any more about the details than we did.
They did however know it was likely to happen when they made their offers, so initially it did not deter them.
If they come back with with a new offer that is recommended by the board it will no doubt be subject to due dililigence, at which point they will see the details.
I think any offer will have to get the boards recommendation to succeed, Private Equity very rarely ger involved in hostile bids.
Best Wishes.