Oops, my error, obviously meant 475p - 450p. Yes, a tug of war indeed, lets hope we can at least find solid support at this level, I'm all in for the long term. Cheers
£4.95 equivalent after hours stateside this morning, will we catch up I wonder. Initially bought in here at 5.12 in June on a breakout signal, given the change of mood and increased confidence in the direction of MCRO since then the reluctance to break and sustain above the 500p level this time around has surprised me a little. More patience required it appears.
SP made a bounce to 420p in March immediately following the lows of the crash, since then there has been much news to bolster confidence in the company and the direction it is heading. To my mind I can't see why there would now be much of a retrace down at these levels as it is becoming very evident to the masses that MCRO is seriously undervalued. Guess we'll find out.
RE: Mask up and roll on 2021 for Versarien say @TMSreach23 Nov 2020 23:27
?? You really think Versarien is the victim of a USA China trade squabble? Have you read and researched any of the 350 odd RNS's VRS has produced and evaluated their progress? I'll save you the bother, zilch, yep that's correct, 350 odd RNS's of positivity amounting to a sum total of zilch. Hard to believe I know but if it's easier for you to pin it on USA China relations fill your boots. DYOR
Well done, It is more than likely you are solely responsible for any recent SP rise here lately in that case. I'd keep buying if you don't wish the SP to go down again. You have thoroughly researched the history of RNS's, Tweets and hype that have amounted to absolutely nothing over the years? Good luck, sincerely.
Currently able to sell spread volumes of over £120k value at the high end of the spread, the squeeze is on if only Pi's can hold on tight to what they have. Looking very interesting.
They close at circa £1mil per day over the next few weeks down here, as long as they can keep flushing out sellers of those volumes at these prices they'll keep up their routine I'm afraid. They've done this many times before. Very positive news is the only thing that can bust their flush in the meantime.
Algo. trades working overtime again this morning attempting to pull the SP lower and tease out yet more sellers. Looks a little more resilient however, have we found a bottom? Ha, that'll be it well and truly jinxed then :-)
Nice bounce? What, all the way up to 138? Will the shorts have a target when it's this easy for them? I suspect it is being revised down by the minute at the current rate.
Well, I'm not going to lie, I had hoped to be seeing the positive effects of Fridays large buys this morning. Any ideas? Although the market in general is taking a hammering .