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Yes, Atlantic, I agree with you. It would be wise not to make any statements at all. And yes, he has NO control over potential Croda announcements and can't be certain of how long the acquisitions will take either.
But I do believe in science here, and it is my priority when taking investment decisions. I'm here since IPO in April, 2017. And NEVER sold ANY shares. Only increased my holding. Good things come to those who wait :) And it takes time to growth a strong biotech business. Good luck all! :)
For me, January - mid-February 2024 means 'early 2024'.
If nothing happens by March 30 then you could say 'overpromise'. But even then I have no problem waiting a bit longer... As I'm a long-term holder here and plan to hold for AR LEAST several years...
A huge SP rise was because of a high ASK price in the morning (which was 18.5) While the BID price was only 17. I.e., a very big spread in the morning.
Thus, not as strong SP reduction as MMs are trying us to show us...
Still a modest SP increase today, compared with yesterdays close :) Let's hope for the best during the comming days :)
GW62:
This is some good reading for you regarding SP manipulations:
griproom.com/fun/why-your-stock-is-always-red
griproom.com/fun/why-your-stock-drops-after-good-news
There are so many days when the MMs drop SP after just a tiny sell-trade (For clearance: by sell-trade I mean the situation, when a PI is a seller and a MM is a buyer. And opposite). And there are some days, when HUGE amounts to be bought but the MMs hardly move the SP.
Generally, supply and demand drive the SP. YES. But NOT ONLY. Fear, impatience and fatigue of the PIs plays an important role too. And you’ll find SO many RED trades just below the average SP. To make them look as sells when actually they are buy-trades (i.e. the trades when a PI is a buyer and MMs is a seller).
Tree-shake is another example of SP manipulation by MMs. Especially, during the times of turbulences (like it was during the first days of COVID in March 2020). The MMs suddenly drop the price and stop-losses by many investors trigger. This could create a further DOMINO effect.
These are just a few examples. Hope that helps…
P.S.
Regarding EML, I sold out for over 2p in summer. And topped up POLB instead, which is my highest-ever confidence share.
Then decided to re-enter EML recently. Gave it a chance with a smallish amount, which would not hurt me to lose. Because of FOMO after being a very bullish EML investor for several years. Let’s hope for the best here :)
The SP down 5% is because of UT trade at the end of trading day yesterday. The real SP was 12.375 at the close yesterday. The MMs didn't change the Bid the whole day (which remained 12), but "played" with Ask, moving it up and down.
Yankee:
In that case, you can sell half of your holding to protect your profit and let the rest for a free run :) Risk management and ZERO emotions (so hard in reality…) is everything here.
I’ve learned not to be spiked and to remain profitable during my 12 years of investing. Buying at the VERY early stage of a company and NEVER during the fast rise in the SP. Doesn’t matter how it looks attractive. Yes, you’ll lose some opportunities, but you’ll never get spiked in that case.
Don’t forget to top slice later. A VERY early entry and top slicing helped me to end up profitable with DVRG (which I sold out in October). Of course, most of my profit evaporated… Still profit is not a loss :)
By the way, I am a LONG TERM investor and I make just 3-5 trades a year.
Volvie:
I decided to give this company a chance and I personally hold 1 per cent of my portfolio here. I can afford losing that tiny amount in the case of failure.
It is VERY risky. However, it also gives an extremely good risk reward ratio. You can do VERY well in the case of success. As they do have great technology here :)
Matador:
Exactly :) I completely agree with your thoughts. Patience and adjusting your risk are the key elements here.
I personally, am relaxed and planning to go till the end with my current holding. But I don't top up at the moment as this would bring me too much financial uncertainty...
Good luck with your investment.
Hello, nobody knows this. Yes, it could be a sell. Or it could equally be a buy from the morning, but reported after trading hours. This sometimes happens. If that's the case, this could explain a sharp SP rise in the morning.