Whilst I don't always have time to read everything on busy days on the shares I post on, I do try and answer any (polite) questions that are asked of me. To make sure I don't miss them I simply search the webpage for "Ophidian". Those who don't use the Avatar likely won't get noticed - in your case @Mookster, don't worry I would waste my time anyway for everyone else that is the reason for asking those who spell it differently to try and be consistent.
@cj62 - so far today I think it is pretty much WYSIWYG. approx. 1.5 million more sells than buys although I think there may have been a rollover in there for 100K shares so might be a little out. If I had to guess (and that's all it is) I'd say a few impatient folks who decided no RNS at 7am was a reason to sell. MMs are at least offering different prices but a majority still holding firm on the Bid in spite buying significantly above it an more than a few occasions.
Still holding pattern for me I would say.
@Mookster - I disagree with you. Only you and all the other impatient who have interpreted "weeks" for yourselves as some how meaning one or two at most 10 or whatever arbitrary value you have assigned it see the lack of adherence. Those of us with a more seasoned outlook perhaps recognise weeks has a very broad meaning certainly under 26 weeks would not for my money mean that misinformation was shared.
if you were thinking about going shopping today but you knew that if you went to Sainsbury and bought Four bags of shopping that as you walked out the front of the store they took one bag (that you had paid for) away from you just like that would you go to Sainsbury ?
If you learned that it wasn't just Sainsbury doing that today but it was Tesco, Asda, Morrisons in fact all the sores you could use...……. would you decide perhaps that today wasn't the day to go shopping ???
Think about it.
morning @HullFC - my reading of that sequence ws that the price rose to meet the descending resistance line, punched past it and then as happens with a very very high degree of regularity settle back down onto the line as support and sat there. nothing nefarious and absolutely nothing to suggest even a one man pump and dump which I must admit is a totally new concept for me.
Have a good day and stay safe everyone
@giles - I think it is just another tool for potentially gaining some insight. The fact that support and resistance lines continue to exist and hold (albeit for many shares much LOWER support points than might normally be expected in typical market condition) means that the psychology of investor sentiment can still be modelled albeit at wider extremes.
A bargain will always be a bargain at a certain point (whether buying or selling) - picking it is the key. I gave my summary today as I think that as investor sentiment turns up, the confluence of news, general market improvement (big stimulus packages etc) and yes - even some technical indicators are all worth considering together in looking to interpret or infer share price movements .
I offer no advice or guarantees , nor do I promise some kind of inside knowledge. I just give my opinion which can be wrong as much as it's right. If off the back of that we stimulate a discussion or debate to highlight or refute anything I've presented then that is all to the good in my book and we can all learn together.
To your point about ALGW in particular - I'm attracted to this share mostly because it is something different to most others in that it is uncorrelated to normal market drivers. Logic says where that is understood, it should drive positive movement however, with the MM's still mostly in control just like on AIM and with a reasonably small free float available it does remain at this point little differentiated from a lot of popular small caps that traders play with.
I think you have been shrewd in your investment here and ultimately I would expect to see you well rewarded for your insiteful choice. What the path from here to there looks like I'd prefer not to speculate on.
Good luck and stay safe @giles
@Ir4850 - we only finished "up" because of the UT tot he day before giving a close at 1.68. Actually we were flat - which is good after the rise.
On the (Hourly) chart (well the one I've drawn anyway), we finished smack on the descending resistance line from December - but from above having broken it during the day so theoretically it should now provide support.
The sharply rising EMA50 sits at 1.483 with the EMA200 just above and in range at 1.571. crossing through that in an upwards trajectory would be very good news indeed and likely spotted by many to signal time to buy in.
I agree with @giles and have discussed before the important role day and short term traders play in providing liquidity. I think the recent bump in price was triggered to liberate those loosely held short term shares purchased down in the 1.2 to 1.3 range and has given a little life to an otherwise stagnating pond. Even without news (I do expect something incidentally based on the V O X markets piece) I think we could expect a move up to the 2.3 range potentially but remember news always trumps TA in a share like this so watch out for it.
Stay safe and well everyone
to be fair - I've tested three times with results between 160+ (test not discriminating enough at the top end), 163 and 170.
It's not what you score - it's how you use it. I've met plenty of people smarter than me in many ways. Lulu just p*ss*s me off with her random broad brush shotgun ****e. Sorry board will let it go now.
a) not everyone just you
b) before you even turned up as an Avatar I had declared my position
c) I must be the only idiot with an IQ over 170
d) go through the posts try working it out - I doubt you can differentiate fact from fiction based on your stupid theories inaccurate statements and general ignorance
Back in the bin
Lulu - according to you
"Everything we've all been waiting for will happen this week.
Talk out there about 3p and then maybe higher than 5p as the weeks rolls on.
I feel like it could be time to smash my hubby's piggy bank."
from 5 days ago so I'd just can it if I was you - you don't help at all.