Member Info for mjdc500

well, what the **** happened today?

I went looking through your post history to find out whether your claim that "I've been in since 2000" was plausible. Of course, I found you out as being dishonest within a few seconds. You engaged with me sarcastically (I didn't ask for your initial comment), and continue to be petulant and insulting. Away with you.

On 21 June 2022 you posted the following on this chat board:

"I guess I'm kinda new here. I've been following this stock for about a year but only came in a matter of weeks ago (two buys averaged at about 10.60p). I've not been investing for long but even I'm mildy freaked at the behaviour of this one. Bad news drives the price down. Good news drives the price down. No news will probably drive the price down. It's odd. Either someone is doing something underhand or the whole company is a giant con. Either way, someone, somewhere knows something"

You can find any number of introductions to chart analysis on the internet.

Your own post history on this chat board indicates you didn't buy in until long after said top, and bought in during a long downtrend (and before the downtrend had reversed).

With this in mind, you'd benefit from those introductions.

The same was said as warning signs became apparent as it topped out at 38p a few years ago.

Nothing but abuse, all the way down to 5p.

Sleep well.

The stock is being sold off and on increasing volume. The technicals turned negative a little over a week ago. They may yet turn back positive again but PIs managing risk and protecting their investments shouldn't attract this sort of response. At this point I think it'll drop to at least the 50MA before any turnaround.

A quick search on google or YT will find you any number of introductions to chart analysis

I havent' been paying much attention recently but the IP is indicative of where Craig thinks the future lies for this company. The main patents are only registered in the UK, US, Europe, and Australia. Notable markets lacking include China, Korea, Japan, and India.

Registering in China and/or India would allow enforcement against knockoffs, even if these weren't markets of interest to sell into.

But, CN being such a large and rapidly developing market, I'd have thought the patents would be at least registered here, even if he later decided not to enter with Leakbot.

The whole business is clearly going to be Euro and US-centric for the foreseeable.

Is x20 growth plausible from here, without considering other economies?

Lowest volume for a while, though.

Price is testing the 20MA and the MACD is crossing to the downside.

It might mean nothing, of course...

I guess we don't know who's buying all this stock? It's £1.2M-ish, so barely a blip on total m/c

ADVFN is showing more than 300K shares bought right at the close but can't see the corresponding trades

/s

Daz

Thanks for your input 👍

The technicals are not encouraging for a further move upwards beyond 15p.

The Williams and RSI both indicate overbought in the short term, but the MACD has also turned bullish for the first time in six weeks.

All of this strength is being sold into by someone, and I'd like to know who would be selling this stock and why, at this point.

Today, the sells outweighed the buys by something like 30%.

Can always rely on LSE chat board members for sarcastic input

Perhaps this has already been covered, but, GDXJ has been reducing their holding quite aggressively over the last few trading days (6M in the past three days).

If things are so rosey, why?

FWIW GH held his GGP stock through the 2020/2021 highs (35p+) and sold most in the 15--20p region.

GH bought most of his holding around 5--6p AFAIK and will be banking healthy profits even if he keeps selling as the price declines.

Shaun has been talking about consolidating at some point.

Personally I'd prefer the current situation left well alone, especially as so many shares are still changing hands (it makes it relatively easy to sell into this liquidity).

But, it's going ahead based on the message I've just received from HL, and so that's that.

I'll def lose some value though, as will anyone not holding an integer multiple of 20 shares.

That's something, I suppose...

People on this chat board keep talking about Ondo's patent portfolio as if it provides absolute protection across all methods and apparatuses for detecting water leaks, and so giving Ondo a monopoly in this space.

It doesn't.

Ondo has a handful of key patents protecting a concept based around their existing leakbot.

Another inventor could come along with an apparatus to detect water leaks in another way, and there would be nothing Ondo could do to stop it.

If that apparatus can do the same job more cheaply, then Ondo's place in the market is at serious risk.

Ondo's patents protect Leakbot from being knocked off, and nothing else; please don't delude yourselves.