The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Depressing for LTH’s. I now think it will only max hit 30’s this year
I reckon an RNS is due hence strange share price action. MM's dropped share price to accumulate lots of shares and it will rocket 20-30p in one day.
Usually volume bought being higher increases the share price but in Genedrive case for one month, the more buys the more the price goes down. I reckon it would be 8p now if there was like £500k less buys last month as the buys only seem to lower the price. I believe the buys indicate it could hit over 30p this month.
Even if you account every sell it should still be well over 10p now.
The trades when it had that RNS to 12p last month was like £ millions less than the trades since which has it under 7p.
Sledgey121 usually if there are more buys than sells, share price goes up. The trades reported on LSE indicate it should be over 10p.
Volume has been very high for this stock and near 90% of them buys.
I am baffled by the share price. The buys last few weeks indicate it should be well over 10p now and it keeps dropping.
Https://twitter.com/genedriveplc/status/1749401533211693249
This time last year it started rising.
I have a feeling we will hit 30p plus this month if James Cheek delivers what he was saying.
Bankruptstock this has been the case for last few months hence why share price stays around 6-8p range. Big buys keep share price slightly down, some sells drop the share price. Surprised it ain’t at least 15p now but I believe it is mainly due to RF. Probably been over £1M worth of buys in last month at 6-8p range.
Roger65, I see it different as I reckon they think it is at the bottom now and gonna rocket!
I wonder if that RNS is reason why the share price barely moved? I wish I had that many shares. I would have had if I traded it.
How many shares do you now have roger65?
Keep the faith. The best thing about GDR now is we are finally at commercialisation stage with someone known for selling big. Going from David Budd to James Cheek is what makes me still believe it will rocket and a lot of good news due very soon, makes it likely it will rocket soon.
GDR barely moves even after over 90% buys most days. Now I am thinking 40’s will be the peak for this stock this year.
Roger65 sold out?
To be honest I am still hoping for £1.23.