Member Info for Overtrader

It's a technical sell now, there will have been stop loss orders in this area. Often a good area to buy, particularly as the sells aren't news driven.

Broken through the downward trend line from 700 this morning and a decent base has formed. Bottom could be in.

Could you share where they mention the target of 4.7m? I can't find it. Regardless I'm happy to invest in a company with a growth rate of 45% trading on 2x earnings. This is a well run business and will be picked up by analysts before long. Then you can be sure liquidity (and share price) will improve.

I always make my own decisions. Nothing is guaranteed, it's a game of probabilities. My experience tells me it's a nice chart setup.

I've taken the other side and bought the dip today. Feels likely to be a good stream of news incoming and the chart has a nice look.

Bought this morning. Been watching a while and the positive news flow has been consistent recently. Chart coiling up for a move. Currently very under the radar.

The Share price isn't being 'managed'. Managed share prices do not have this kind of volatility. That's why we attract the traders.

We're seeing the cup and handle play out with the near term news flow expected. First target is 2.2p.

They are the same traders that will reward us (and themselves) when further progress is made. I'm hopeful that we'll get the revised production figures and update end of this month which could be the catalyst.

Looking at the chart there's obviously very strong support at 4p. Early days but a cup and handle breakout of this channel could send the sp stratispheric given the trading dynamics of this share.

Yeah sure whatever. You're showing your inexperience investing, price never lies and it's rising here. Just exit your short, you'll feel much better.

I didn't really expect you to answer my question. Though you're exactly right it's about making money. The chart has a lovely rounded bottom forming (hint, look at the weekly). The probabilities are that this heads up, not down. You might want to reverse your position ;).

What's your motivation to visit a forum and exclusively talk a company down? How does it make you feel?

The part highlighted in the RNS by the CFO. You don't seem very interested in that part.

As I say, the terms are similar to previous debt arrangements which were already in the share price. As this is being used to repay previous facilities I don't see why the market should disapprove whilst the company turns a corner.

Well the creditors seem happy with the direction the company is heading, reiterated by the CFO. I suspect the market will respond positively within the context that the (previous) debt situation was already in the share price.

Looking exhausted here, sensible time to lock in gains and not get greedy.

Too much resistance at £5 to punch straight through first attempt. Most likely a retrace gap fill to £4.50 over the coming days before having another attempt.

Two ways to read that - Both banks have cut their targets.

How are you 'out' when the market is closed? Maybe wait to see how the market responds?

Reassuring words for longer term share holders, which I believe was the aim.