Member Info for Nate-PI

Levs,

Your, shall we say, overly-exuberant view here is only likely to deter would-be investors. You could do with toning it down a touch.

Nate

Getting closer to my target buy-in price now, but a 19m mcap is still v excessive for a company without any meaningful revenue. Shouldn’t be long now until we see the magic 0.4/0.5 area where I’ll accept the risk/reward ratio as worth a punt.
Have a nice weekend, and we go again next week.
Nate

I called the drop on Wednesday, it’s always the same. The flurry of eager PI’s, then the placing flippers selling it back down to near placing price before the real rise takes place. The SP action so far is textbook. This has more to drop yet before we see another move back up. Have a nice weekend, and we go again next week.

Levs, whilst I appreciate your pearls of wisdom, I have been using such data for years, to great effect. As I've already pointed out, it will never be perfect, and indeed on some very rare days for some stocks, it will be completely wrong, simply based on the number of trades going through either above or below the mid price.
What's key, is that I test for myself through dummy buy & sell prices throughout the day, that the data is being recorded accurately and that a 10% allowance typically is now is my base case for errors.
Stocks move up and stocks move down every day, not always based simply on bus v sells, but on wider market sentiment and demand in general. We have done well here over the last two sessions, but there have been a lot of placing flippers selling into this rise and I think you might just find we drop back a bit before moving on, but let's see.

Yes, this is true, albeit not entirely. By nature of how the data is recorded, it will never be perfect, but it's still a good indication.
Experience has taught me to allow a 10% allowance for incorrectly reported trades.

Vol. Sold 2,280,997
Sold Value £171.07k
Vol. Bought 2,344,062
Bought Value £175.80k

Yet we're 20% up. Still a lot of placing flippers to churn through and so I think we'll see a drop before pushing on again. It's been a great couple of days!

To answer your question scotty, yes I think we could fill the gap here based on wider market sentiment at the moment, coupled with the news of our new plant not due for at least another week, possibly fortnight. I'm looking for my buy-back around the mid to high 90's.

I also sold three quarters of mine in the 150's, it was an obvious close to a great run and people here baulked when I said this would see 110 again as part of it's consolidation...

Blubay

Yes, I did post that, as I was expecting it to hold support @ 97p. The ease at which it dropped through the 97p old support was the indicator required to acknowledge that this is now likely to retest the next old support at circa 65/67p. Add to this that BTC-GBP looks like it could retest the teens in the coming weeks and unfortunately the writing is on the wall as far as the near term SP is concerned.

Nate

BTC-GBP still falling, ARB falling with it, deadcat bounce on Friday, fall resuming today. The only genuine question worth considering here is: How low will it fall this time? Mid 60's is next old support.

Low 60’s incoming…

If BTC-GBP breaks back into the teens, this is going to be a bloodbath. Apologies for the pessimism.

This is now directly on course to test the next support @ 67p

BTC is still stuck in a greater downward trend since the 14th of April an shows no signs of recovering for at least another 4/5 weeks

BTC still tumbling. I don't see a reversal here until we have clear signs of a reversal in BTC.

My apologies KevMc

I have to admit, that was quite childish.

It unfortunately doesn’t change the fact that this share still has more of a drop left in it. Trading below the 200 day line now, hasn’t done that since it broke out at 9p, has broken all old resistance points on the way down and next resistance isn’t until 67p.

Add to boot, Bitcoin is showing no signs of recovering to previous highs anytime soon and it becomes clear which way this stock is travelling in the near term.

I have to admit, I didn’t expect it to break below the 97p support so will keep my eye on it for now, but if Bitcoin takes another plunge then 67p could be seen.

Apologies in advance if this doesn’t fit with the ramping narrative of the board, but it’s the harsh reality.

Nate

https://youtu.be/9APAHhIPhJE

Crash isn’t even done yet, never mind overdone.

I have to admit I didn't see this dropping back below old support @ 97p

The next support line isn't until @ 67p

If we break old support from December last year @1.9 prior to news being released then it could get messy in the short term, just need these sellers to clear, but with so many warrants to churn through it will be hard to sustain these levels without fresh buyers.