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Things have been rough for the last couple of weeks since the Liz Truss suicide-budget. But that might be about to change very soon. The VLS chart looks to me like a classic set-up with powerful bounce-back potential. Unless you are literally unable to hold, don't be shaken out, guys. Don't be a fool!

@Garry
Yes, Labour are now saying they'd "outgreen" us. Well, fair play to 'em. :-D But specifically on SAF I confidently expect there is going to be a huge amount of cross-party consensus.

Garry, there is surely a good simple reason why you (and I too, for that matter) didn't sell at 7p? It was because there was a good rational case for the rising trend to continue? Now the macroeconomic situation here in the UK has hit "turbulence" (to put it euphemistically!) On the other hand, announcements regarding the introduction of SAF legislation by the UK government are imminent. And there may very well be other important advances which will quickly flow from that. For sure this is a volatile ride. But the volatility cuts both ways. The history of this stock shows us that it can, so to speak, turn on a sixpence (or a dime if you're in the US.) Obviously we'd need a crystal ball to know exactly what is going to happen - and when it is going to happen. But I don't see any reason for panic here, provided (a) one is in this for the medium-to-long term; and (b) one bought at a sensible price.

I was able to get another tranche - more than 90,000 shares - this morning at 4.83p Oh yes indeedy :-)

*by any means

I don't know whether Shore Capital are exactly amateurs, Jim :-0
Thing is, they aren't by any the only professionals who recommend this stock. Me, I'm just an investor - so I'm not forecasting anything. But some of us pay for independent research, ya know...

Those guys from the Times and Shore Capital weren't kidding "be patient and expect volatility", etc. This isn't a buy today-sell tomorrow thing. It'll take some time.
I see it like this: there was a truly sensational buying opportunity this morning! I wasn't positioned quick enough (alas) but it was a golden opportunity for folks to load up the truck some more, or for any latecomers to get in at a very decent level. (At the time of writing this window is already closing, however.)

Wilco999: "...To me a similar project in a neighbouring state getting that backing is only good news..."
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This is a very good point, IMO. A lot of folks don't seem to grasp the sheer level of demand for SAF that there is going to be. Indeed it will be _steadily growing_ demand, as airlines will be required by law to use an ever increasing percentage of SAF in the fuel mix. This isn't a luxury product aimed at some tiny niche. It isn't a case of whoever builds the first production plant cornering the market. Airlines (at least those in the West) will have, so to speak, a raging thirst for SAF. Producers will be struggling to expand fast enough to keep up with the steadily increasing demand. It is a case of a rising tide lifting all boats in the harbour. Even if we cheerfully agreed with the trolls droning on about how rubbish VLS is, blah, blah, blah....still it is very hard to see how they don't 10x over coming years, IMHO. (Of course this isn't going to happen overnight, and there will likely be plenty of volatility.)

BTW If Velocys are sitting on some major positive news, just before the market opens tomorrow would be one heck of a nice time to let it drop :-D

From where I'm sitting, it sure feels like an eerie re-run of the way the spike started to unfold last year. I'm nudging towards 30% profit right now (=about 6k) Self-fulfilling prophesy? Yeah, such things could well be. Everyone "knows" that VLS is apt to shoot into orbit every now and then....so everyone piles in when there are signs of it starting to happen....and the rest is history...maybe?

As of right now, 2.05pm, I'm seeing 7.10p to buy at HL.

"...The average target price is 5p to 5.5p..."
Totally agree with this as smart buying territory. I personally have bought between 4.6p and about 5.5p. Where I slightly disagree with Garry, I'm not at all sure that we'll be seeing 5p again (although it is of course possible because, ultimately, anything is possible at this game.)

A big pull-back today (after yesterday's heroics) was only to be expected, IMO. Provided we continue seeing higher lows over coming days, it's still pretty much full steam ahead.
(Like I said in another recent post, I think we need an important news release as a catalyst to send it up really hard.)

I'm seeing 7p to buy at HL

Ya know, this stock has a long history of exploding like a volcano :-)

Tis the early bird that catches the juiciest worm :-P

Oh man, 5K in profit already - and this party ain't even started.
On days like this I feel like Gordon Gekko :-D

@Dave Hughs
Yeah, I was thinking the same - it could be Times readership piling in on the Times (and Shore Capital's) recommendation to buy. With that being said, after the new UK parliamentary session begins (basically days from now) there could be movement on SAF legislation mirroring the IR Act in America - which could give the stock another big shot in the arm.

Up again this morning :-)
Heading for 7p today, I wonder?

You could be right Garry. But I do have the impression that SAF (and the likely future size and importance of this sector) is only just starting to permeate into the mainstream consciousness. In previous years it has been more of an expert niche thing. It is always possible, IMO, that the markets will start to price in potential. But of course, only time will tell. (Either way, I guess it is a medium-to-long hold.)