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From Naked Trader FAQs:
Don't believe what you see if you press "trades" on advfn or other services. The computer is guessing and usually the buy to sell ratios are totally wrong. In fact they can be ignored. Many trades done via the order book are actually Buys and Sells! That's because someone is selling it but someone buying it and they are matched. Also, trades done through market makers can be delayed if they are bigger than normal size so buys can be disguised as sells and vice versa. Do not be fooled.
I still can't upvote for some reason, but YES Croz, absolutely.
He just says the same thing over and over and when anyone points it out, accuses people about being over over emotional about their investments. He posted the same thing about 90% CoS about 10 or 15 times a few weeks back.
I suspect he's a narcissist as he seems to have a hugely self-inflated opinion about his own opinion, thinking he's on some mission of truth on behalf of us poor ignorant masses.
God help us.... zzzzzzzzzzzzz
@BBN & Alexios - I very much appreciate your reasoned debates as it helps clarify the pros and cons with emotion left at the door, which is unusual for a bulletin board, but very welcome.
More broadly BBN, I know it has been said before, but just to echo the sentiments that your extremely detailed analysis is highly appreciated by me and I would imagine many others who don't post regularly if at all.
@Gizzard, agreed - or at the very least some other news if not revenue related
After the naivety shown with the placing leak debacle, JD has gotten a lot more wiser on how news flow on AIM works
As someone stated earlier, everyone is waiting for results as they think the price is going to go down, even though as someone also stated here, the results don't matter that much as they are backward looking - the problem is this becomes a self-fulfilling prophecy.
The other pattern I have observed is the price has become less and less sensitive to RNS news that isn't directly related to new revenue streams - This needs an RNS regarding a large new revenue stream to really kick (e.g an agency group deal).
Thanks for the response E_AL , I'd be lying if I said I truly understood the dynamics here.
We're approaching a bizarre milestone that the level of trading since 10 sept is equal to the total amount of shares in issue .
Can someone explain something to me regarding the Level 2 data you can see on ADVFN that shows live sells / buys going through...
Todays volumes to date show approx. 4m buys to 1m sells - this proportion of buys v sells is broadly indicative of most of the last week or so since the fated RNS.
I just don't understand the dynamics here that you can have buys outweighing sells so consistently but a continuous decline in share price, or am I reading this data incorrectly?
I also don't see big chunks of round number sells coming through that you associate with an institutional seller?
Thanks in advance to anyone who can shed light on this for my simplistic brain!
Yup, agreed - but not sure throwing random figures out is helpful.
Also the two fields are totally unrelated, plus they were looking for the edge in Liberator, rather than aiming for the sweet spot as they will be with Serenity.
I do agree that the seismic modelling will have been used on both, so that does affect things.
Regarding the relationship between the hash difficulty and BTC price, I read this article earlier which I thought was quite interesting - cointelegraph.com/news/new-mining-difficulty-metric-points-to-31k-bitcoin-price-by-2021.
Obviously there's an awful lot of dodgy news articles in the BTC space, so treat the price predictions in the article with the usual skepticism, but if you take the general thesis that the BTC bull run starts at the 'difficulty bottom', it makes an interesting point.
Yeah, I can bear that out - just bought 254,403 at 9.93 and showing as a sell as its above the mid price. Which leads me to the question - why is the spread showing as so wide, when it's actually no where near that, except the odd anomaly, no one actually buying at the reported offer price of 10.5?
Thought it worthwhile reposting the broker note from back in July before EWT (allbeit the House Broker, so not independent), might help some of the newer investors quantify UJO value.
http://unionjackoil.com/wp-content/uploads/2019/07/SP-Flash-note.pdf
Given how fickle AIM is and its tendency to over react to all news which isn't transformational, 7-10% initial drop on goodish news is actually not a bad performance and probably tells you this will bounce back.
The other positive barometers for me were last weeks resilience in price during the market sell-off and todays buying performance (Approx 60% buys versus 40% sells).