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lat - nobody said it was a crystal ball capable of precise price predictions way into the future. What it can do is increase the probability of successfully entering and exiting a trade. It's just about gaining some extra insight and trying to get a bit of an edge. I don't understand why anyone would want to handicap themeselves by not using all available tools.
@perma.bear - I've given you a recommend for that lol... eventhough I completely disagree with your stance.
Of course they use TA, it might be automated with algos but it's exactly the same principles. You think they trade blindfolded on gut feel, like you advocate, really?
"Show me a rich chartist and I'll show you a honest banker...TA is astrology for men"
Astounding ignorance, every pro trader and institution in the world uses TA, it's the study of human behaviour, if you think that has no bearing on share prices then I don't know what to tell you.
"So what do the charts say"
That it's broken out of the upper channel of the down trend it's been on since the drop from £4.
https://invst.ly/xz7xm
You're welcome. I'm not much interested in arguing either, we clearly have differing views about where this will go short to medium term and that's fine. I'll genuinely be happy for you and other holders if I'm wrong about that, it will cost me nothing except a missed opportunity and a slice of humble pie and I can live with that. I've followed many companies over the years, there are definitely some similarities between early stage biotech/meditech and prospective miners, in terms of the speculative up front investments needed, often secured on the basis of clinical trials/mineral samples and promise of future revenue.
Fundamentally they don't make a profit and the size of their losses has increased year on year, with no immediate prospect of that changing. Which fundamentals are you looking at, actual tangible commercial ones not pipe dreams?
I don't understand why you care so much about why I'm here. I'm just here because I choose to be, that's all.
"SP has actually gone up by nearly 20% "
It looks like it could be a short lived spike, I try to look for more sustained sp growth backed by fundamentals that I can buy and hold... unless I'm day trading, which I seldom do and certainly not with this... though in hindsight it would have been a decent short term trade of course. I don't hold any mining companies but thanks anyway.
I don't have to be invested to be here and I don't need to give a reason why I am here, I'll frequent whichever boards I choose.
It's fair to ask that people don't tell outright lies but if your interpretation of FUD is basically anything that doesn't agree with your view then that isn't fair.
I'm not waiting for 25p, I wouldn't buy at that price because it would be confirmation that the downtrend is still in play. If the price breaks out in a sustained way from this current level, perhaps on the back of some tangible prospect of profitability, I'd be more likely to consider buying.
Yes the company's trials have shown some promise and the market has reflected that with some short term exuberance that now seems to be fading in the absence of further catalysts. That seems like a typical/appropriate market reaction for a company at this stage. Not recognising this and blaming everyone else for spreading FUD when the market doesn't share your unbridled optimism is denial.
I'll continue to watch with interest ATB.
"I was more wondering what is making someone so sad and bitter to be rooting for the demise and financial hardship of companies trying to help us all live longer?"
Not everyone has the same view of the company as you do, some may feel the capital is better allocated elsewhere where it has more chance of finding succesful treatments. You could say they are acting morally and playing their part in that re-allocation, based on their beliefs that it is over-valued. People are allowed to have different beliefs about the prospects of companies, especially so in the early stages of development and they are perfectly entitled to act on those beliefs and trade whichever way they choose. It doesn't make them low-life or scum just because they don't share your view. It's painful when the price doesn't go our way, but blaming everyone else and being abusive is a symptom of being in denial; it's better to accept the market disagrees with your assessment rather than blaming SO, MMs, shorters and anybody else who doesn't drink your kool aid.
"This didn't age very well since it was posted on 11th April"
On the contrary, I haven't seen anything to change my mind on that in the short time since posting, there have been some strong days but the down trend is still in play, it hasn't broken out.
"Deramping scum are back today. Took you a while gents. Jesus, how much of a lowlife does one have to be to short and deramp innovative biotechs developing life-saving therapies? :) Where is all this bitterness coming from?"
From you, mostly.
"You simply do not do technical analysis on fast moving stocks."
Says who? What utter piffle.
Bounced right off that upper trend line: https://invst.ly/xyta4
You could never say this share is predictable, but that was half expected.
" I get a feel for the frequency of the rises....Slightly more sophisticated than sticking a pin on a graph"
Lol you should tell every ii and every pro trader in the world about your method, maybe they'll ditch the TA in favour of adopting your gut feel approach... or maybe they'll continue with the study of charts as a proven way of capturing and predicting the repeating cycle of human behaviour.
yeah going by the chart a drop to just below 200p, taking us to the middle of the channel or all the way down to the bottom of the channel filling the gap at 140p, looks to be on the cards at some point... current price looks like a decent entry for a short position. But that's just looking at the chart and of course pretty much anything could happen with this share, with its volatility and sensitivity to news.
"The upwards trend sustaining well and will continue-"
It's at the top of the the trend channel so it will be interesting if it does continue: https://invst.ly/xyss4
His justification for not buying was that the 1yr oil futures for 2023 were $83 and he says these will hit the top line for i3e. However, those 1 yr contracts have increased since the article was published and are now $91 and of course i3e hedges a good percentage so any drop that did occur would be mitigated. It seems like a pretty weak argument for not buying and he will have watched the sp increase 20%+ while reflecting on that decision.
"I can’t believe... crl123 is still blaming shorters in relation to DDDD’s poor performance"
People will blame just about anything rather than admit they got it wrong when the price moves against them. It's the same on every bb of every loss making company with a declining sp.
"...the share price does look overbought but that doesn't mean it can't go further..."
Absolutely and it looks like it will, as you say, supported by the strong fundamentals. It's just wishful thinking on my part, wanting those inidcators to cool a little so I feel more comfortable buying, but while I'm waiting the price keeps going up so... maybe I just bite the bullet.