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Thanks all.
Also reported to FCA via
https://www.fca.org.uk/market-abuse-reporting-form
I encourage others to do the same, with enough numbers they may take notice.
Some big buying into the end of the day today!
Thing that matters to me is that both the weekly and monthly trends are now bullish, making higher lows and higher highs. For the first time since mid 2021. Until that changes, I am happy to hold and accumulate more.
I am hoovering up as many as possible - google trends shows a different story, with searches for all products up month on month, I think this is well overdue a bounce, especially with all the negativity priced in and extremely low PE.
I see value, i buy value. Simple.
The chart is literally showing vertical accumulation! A few whales may sell and cause small sudden pullbacks, but in this moment, the algos are literally hoovering shares up. Why sell before they've finished? With such a small market cap, it doesn't take much to move price a huge amount.
Indeed - I do think TB is still holding price back, but once he's done, I think it'll fly.
And when it flies, it really will go - with 'AI' in the name, a few decent up days will give it exposure in lots of places and as is the way these days- if a stock with AI like this gets some momentum, everyone and their mums will jump in on the hype!
Booom!!
...to save ppl reading full release, summary is; Favorable safety and tolerability with no reported adverse effects, and promising signs of efficacy with some patients achieving progression-free survival significantly beyond the historical range for this condition.
...aaand here comes the buying! Very nice flow coming in today on the buy side, expect this to continue into end of year and hopefully another boost in the new year as funds get to re-allocate their year end profits. At the current PE, this has to be an attractive prospect for many.
Indeed! Surprised we haven't seen a bit more buying, but I will keep accumulating in this area - google trends are already showing a pickup since the beginning of November for focusrite products, I think next Quarter results will impress, so I am still fairly confident we have seen a long term bottom.
That and the possibility for a potential buy out make the risk/reward brilliant here.
Very happy with the results, surprised we haven't seen any buying, as i think there's a lot of value here... Let's see if we get some interest into the end of the week.
Totally agree ShearClass - it's still a gift at these levels. Just a matter of time until re-rated, I think the results this month will be the catalyst personally- I think interest will re-kindle once people see that things are on the up again.
Doubled my holding here this week - have been looking at metrics from a few sources and really looks like interest has picked up the since last earnings - I am expecting a decent boost in sales in Novation and Focusright brands.
My algo flagged this one for abnormal buying and looks like we might be breaking out of a very long downtrend here. I bought a decent chunk today, I think we may see some positive movement, hopefully news in the coming weeks!
Technically this is starting to look great, breaking out of a year long sideways range on the weekly and bullish 'cup and handle' pattern on the daily.
Hoping for more positive news in the pipeline and we also have all things AI trending...the fact this actually has 'AI' in the ticker means that once we start to run, I think it'll attract attention from all angles, it has all the makings of a huge outperformer. And the best is that it's still a poultry 7M marketcap.
I've made the mistake of selling too early in the past, so not planning on letting any shares go for less than 25p here, but will also scale out, always holding onto a few for the real moonshot :)
OK, after my brokers both blocked me from buying, I managed to call through and do a phone deal in the end!
Market maker was not letting any shares go through, the web interfaces for my brokers were both blocking buys...
Pretty cheeky! Not sure if it's working again now, but i notice a big gap in the order history from 2:18pm, if anyone has any issues, just call up your broker instead and ask, they should be able to do a deal via the phone directly.
Big news!!
Desperately trying to buy a load more, but both my stock brokers are blocking the buys?!
IG and Trading212 both won't allow my buys to go through....never seen this before, so seems fishy - market makers basically holding back from letting any buys go through... I have added a load of buy orders at the current market price, so just hoping the market opens back up and they get executed. Possible this rallies up 50-100% here, seems to be no sellers left, they must be very short of stock.
I do believe we may have bottomed now. Guardian article seemed like the capitulation event.
Any of retail who were considering selling will now be out, I cannot imagine there are many potential sellers left.
Hence for those who believe the article was not entirely truthful, it is probably a good place to buy and SP likely head up only from here and hope that the event in May sheds some light on the controversy, hopefully to put it to bed, along with some positive news.