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I can currently sell all my holding for 1.75 and buy back at 1.73!! Looks like they are desperate for stock!!
I've done a little research this morning, after pondering why around 1.7p appeared to provide some support yesterday, and again today. Very interested to hear any views on this: Dec 11th 2015 COMS hits a low of .87p. (the start of the rising channel) From here it moves sharply higher until 5th January when 2.18p is achieved. The difference is 1.31p. Fibonacci retracement levels are at : 23.6%/ 38.2%/61.8%. 38.2% of 1.31p is 0.4978p. So 2.18 less 0.4978= 1.6822. 1.68p appears very much to be the new support level for COMS. If this theory is correct we should begin to see some share price improvement from this level... assuming it holds! ATB Plantravel
Looks like someone has a serious buy order in at around 1.7p to me. The mm's have actually moved the bid up to 1.7 when it was into the 1.60's. No other reason for holding the bid at 1.70 otherwise, in my opinion. Be interesting to see if we start moving up later today. Fingers crossed!
Just for the record the 1m was a buy @1.24p. The ask had shot up to 1.30p before that transaction. (I'm feeling pedantic this morning!) The highest paid for a share ' sell' today so far has been 1.21p. Some serious headwind at 1.20p, at the moment but still plenty of interest....
It appeared 'withdrawn' rather than 'let' which made me think it was, on reflection, of better benefit to keep it with COMS?
Hi Tomjones2, I should have made myself clear... I have no issue with a Chairman (or in this case non exec. Chairman) having other roles. After all, the Chairman's role is to provide leadership to the CEO, and report to the board, the CEO has the job of running the company. I am estimating that the 1m buyer has purchased just under 1% of the available shares to date (assuming that other round number buys are not the same purchaser) so a reasonable addition. My wife is from Yorkshire, stunning part of the world. BTW anybody else noticed that Beacon House Stokenchurch has been withdrawn from many 'for rent' sites. Not sure what to read into this, but would appear that COMS may now have need for this larger building??
Frank has a number of roles, not just at COMS, he is chairman of dotDigital for example. It would explain his lack of share purchasing, as he is crowd funding for his cycling business! Good to see someone snapping these babies up, 1.4million just before close today!
Very encouraging to see only around £14k's worth sold so far on the bid at 1p, in the last few occasions at this level a raft of sells have quickly reversed the rise. Although entertaining to watch, a little work is required, so let's hope we consolidate this real progress this afternoon!
Key time here. Only now will we know how may sell orders are held at 1p. If there is little selling pressure we have lift off. It's re-tested this resistance a number of times, hopefully we'll power north and the sub- 1p days will be a distant cruel memory!
Slow day, it would appear here today, consolidating the weeks gains, but a great sign for next week, ending the day with a £9K buy @ 1p! Actual close of day: bid .92p and ask .98p. Very happy with that! Have a great weekend all COMS aficianados...
Well, here we are just below 1p again, and what I find most refreshing this time is the lack of soothsayers and doom mongers. The message board appears reclaimed for the moment by the loyal holders. No fuss, just a slow confident increase over the last few weeks has kept us under the radar. I am hopeful/ confident that this increase (without the bells and whistles) can be held, as the build has been steady and the dialogue held with stoicism. On the charts, many good signs including MACD showing positive divergence, on balance volume holding up well, and the simple moving average (6 month) 50 day crossing the 200 day.
Looking like another push towards 1p. This time, 6 weeks after the last failed attempt , you would think that many fewer sell orders are waiting to be filled? Best of luck all holders.
Nice to see our £10k buyer is back!
Finger's crossed this is the breakout I hoped for. We should see renewed interest and volume, coupled with a re-test of the significant 1p resistance. Hopefully as this has been tested a few times now, fewer sell orders are now held at this level, and we can sail through! ATB and happy Friday!
http://s26.postimg.org/j5wg417a1/Coms.jpg A quick look to show the recent price movement in chart form. We are seemingly reaching the end of a narrowing channel, or asymetrical triangle in my opinion. Looking at the chart, the likely direction is the way of least resistance. At the moment support is very strong (the bottom line) and solidly projecting upwards. One would expect a break to the upside with increased volume within the next few days. http://s26.postimg.org/s2787yxw9/coms_1.jpg Coupled with this the longer term chart (above) shows a gap above our present level, Once though and beyond 1p a reasonably swift move to 2p would seem possible. As with any resistance the more a companies share price has spent at or around a certain level, constantly finding support and then resistance, the harder it is to break. Just a bit of fun to keep some interest after a dreary day!
Bring on a placement. We have all potentially doubled our money from the last one, and that was as a distressed company. It is now clear the BOD have a clear strategy and direction, and they have dealt with most of the historic issues left over from the old COMS. The fact that the Directors have seen a potential opportunity to grow the business through acquisition shows huge confidence in the existing busines model. Scaling the business by means of capital ingress would make a lot of sense and could greatly enhance shareholder return. As with any investible business confidence is everything. Confidence is returning here on future earnings. As this builds, and we start seeing cash generation and tangible profits showing in the figures, more realistic multiple of price x earnings can be achieved. Long way to go, but if you want faster growth you have to buy it, organic growth takes time and I.T developments move very quickly! The next time Maoinora (?) repeats his mantra, remember that investors will want to be part of this growth story in the future and will begin to pay a premium to be involved.
Volume has been choked today by the mm's increasing the spread to 7.5%... yesterday it was between 2% and 5%. Interesting that the Ask has stayed resolutely high at just under 1p, normally brought down in these situations to encourage buys. Few also wish to sell at .93 leaving a stalemate. It will be interesting to see which moves first. I'm sure I read once, that a few years ago, during lunch, a practice of widening the spread to keep volume low was common.... maybe a long lunch today?!
I took the opportunity to add yesterday a few hundred thousand shares. (I could only buy in tranches of 100,000 at a time, and didn't want to place a buy order) Nothing has changed from the frantic trades of a few days ago, except volume. My view is that there appears a good level of support at .85p ask, and some serious resistance at 1p. Some of the froth has come off the share price these last couple of days, but interest remains. It is common for resistance to be tested a number of times before surging through, so I would rather be weighted slightly long for the ride up to 2p. I know this seems optimistic, but very few points of resistance from around 1.3p up to over 2p. Please don't use anything I say as a reason to invest, however as my history with COMS has been an interesting one! (and not in a good way) At this stage, before any real clarity on the new business model, this remains purely a speculative 'punt', but one I feel reasonably comfortable with. A real clincher would be a sizable Director buy, whilst this is elusive my trades will remain with 'play money.'