Member Info for Porky9

The move is from 64p so nobody is making 20% yet it’s only just started moving after last nights big NASDAQ move.
Question is if we can break the 85p line
GLA

Well, without being over ambitious with the share price target it would be nice to at least end the year with this stock back above the £1.10 placing level. I mean its not a big ask....is it??

With the NASDAQ close 15.37%+ we are set up to see this start moving back to that 85p line again, this time can we cross it?

GLA

Not expecting any news myself yet, although you can't rule it out, but not normally on a Friday

We have had two double bottoms which kind of makes you think downside risk is limited from here although tell that to those in the placement at £1.10

I found some of the trade action on L2 a bit odd. Clearly the Buy Volume was higher than the sell volume and we closed up which is a positive. Great. However, it was like the MMs would not let it go. The ASK was kept down which i don't get. Buys were hitting it hard and at one point they actively moved the ASK down despite the Buys flooding in???

IF they are still filling a sell order then despite MM's manipulation, i would expect the ASK to start climbing after all the more the MMs sell the stock for the more profit they make if they keep selling into it to fill a sell order. That's what they do. So why keep the ASK down?

If they intend to fill a large Buy order then again its supply demand, the price will go up if retail are buying.

I guess its all about creating a market but why this hasn't closed materially higher, i find quite surprising. Perhaps they are trying to deter traders moving in pushing it today to sell tomorrow as its Friday but even in that situation why would they care, they are in the business of buying and selling. In all i find it odd.

Lets see where we go tomorrow, looks like we are breaking out again anyhow

GLA

We just need some decent II support, hopefully that will come soon.
Shame we can't ban Invest Securities from trading this stock. Would be funny wouldn't. Tell you something they wouldn't be so keen to keep constantly buying and selling for minor gains and milking the stock if they had to pay the broker fees the rest of do.
Here's to a great afternoon session, lets go...

makes a change, i was half asleep here....
some bloody action at long last...

Bullflag Break...

Well based on what other covid stocks are doing today and they don't even sell PCR, we should be up over 30pc up but i bet we are not. Market is bullsh@t more like

@Wolfie
I hear you, In view of the fact that the DOW has fallen in later hours and reports are coming out that this VOC is spreading, Biden will want to give some warm glow response just like BOZO to try and reassure the public. They just treat us all with utter contempt. He will likely say more vaccines and more testing. Its the only thing he can say.

We don't even know yet if the vaccine protects against Omicron, if it does why do they need to modify and produce a new vaccine?

Reality is that ultimately, imo, i actually think that numbers going for vaccine updates will reduce. It's one thing have an annual shot like the flu jab and its another if every 3-6mths you need a vaccine update. We still don't know the long term effects of the vaccine and im onto my third one like many others already. Two blood clotting AZN ones and one Pfiser.

One thing is for sure, Testing will continue and in view of this new variant and increased infection rates, its a sure bet now that the reductions in revenue Novacyt predicted previously aren't going to happen. At the current rate they will be providing as many tests this year as they did last year .

So moving onto the SP, its bloody annoying that Novacyt shares take a smack when we are practically the only one with accredited tests that's actually supplying them and yes i did put WTFDIK because from a fundamental perspective the market cap should be materially higher, but it isnt. We are moving onto another wave and so the SP should be climbing like crazy yet it isnt, so clearly fundamentals count for ****.

The fall yesterday was driven by specific shorts placed at open in France then retail like lemmings in panic just sold on the back of the shorts supporting the decline. Lets see how today goes in view of the DOW fall off. Logically, The shares should rally on increased buying volume but its anyones guess

GL

The shorts need to be brought back, hopefully retail will buy in today on this fall back and it will close them out and we will see a full rebound.

https://www.euronews.com/2021/12/01/covid-19-spike-felt-across-europe-as-vaccination-remains-stagnant
Austria extends lockdown as Portugal tightens restrictions
Both have Requirements for PCR Tests ONLY
The surge is exceeding “the most pessimistic curves” drawn last week by experts
Further Restrictions and PCR Testing throughout

Matter of time before we move materially higher, Covid not going away, revenues will remain continual and above forecasts as such SP should recover.

GLA

Stocks in London ended sharply higher 109 points higher on Wednesday as concerns
over the Omicron variant of Covid-19 eased somewhat. Meanwhile after close here stateside:-

WALL STREET FALTERS AS INVESTORS WORRY ABOUT OMICRON IN U.S.
DOW went UP to 500 points but finished 461 points lower

Whilst we can't predict markets, further news is unfolding regarding how nasty this new variant is. As such markets are falling and its more likely that in view of the later DOW rapid declining position, I would say its more likely than not that UK markets on Thursday will decline and follow suit.

Novacyt tends to do well in declining markets and is used effectively as a hedge. As such i would expect another Bull run Thursday and the shares to do well. But WTFDIK, Novacyt always disappoints.

If investors buy on the current lows following Wednesday's sell off then it would force the shorts to close and we would see a sharp rebound in the share price.

GLA

At 60p down and falling it does look rather excessive to lose 42m off the companies value in one session but hey ho, especially going into a further wave but whatever. no logic in this market, joke.

It can do what it likes, switching off going shopping, see you....

oh i mean the AIM is just becoming one big casino
Jezz, look at the fundamentals here.... but the stock constantly suffers as nobody cares. whatever...

It doesn't take einstein to work out that if a company has been authorised and validated to sell PCR Tests in the UK and is one of only seven and meanwhile its just been made compulsory to PCR test EVERY arrival into the UK that the sales revenue here is going to climb materially.

I can understand a covid stock going down that doesn't make or sell any tests but they are doing sales of between 7to10m per month here.

GLA

https://www.bbc.co.uk/news/health-59484322
"It is important to be prepared for a potentially very significant wave of infections with associated hospitalisations now, ahead of data being available."
They say that the earlier measures to reduce transmission are introduced, the stronger they are and the wider their geographical coverage, the more effective they will be.
"The situation could develop quickly over the coming weeks and decision makers may need to act while there is a high level of uncertainty including the potential need for stringent response measures," they say.

As at now, the FTSE is flying business as usual, travel stocks will be going up next and we wait to see if the DJ is the same later this afternoon and this supports the shorts here and the mark down.

Covid, what Covid, probably just a mild cold anyhow... all looking forward to a merry xmas, Christmas parties....
Masks narr, why bother doesn't protect you anyway,,, I have the vaccine, lets just party, mines a double...

Meanwhile, in the background we are setting ourselves up yet again. Doing the same things and expecting a different result. Party now and tears in the new year. But irrespective of that, fundamentals here are solid, PCR testing is on the increase and moreover revenues at NCYT will be climbing as a result. The SP should be rallying NOT falling but it is what it is,

Irrespective of the SP today, we at least know that revenues will be climbing so end of year results should be solid. We are only one of seven PCR tests authorised in the UK so can't go far wrong frankly.

See what this afternoon brings.... stay safe

Well they keep trying -8.6% in France since last close and reducing so you never know.
As i have posted ultimately any short positions need buying back.
See how the afternoon goes.
One thing for sure, PCR Testing is massively on the increase and as we are only one of seven authorised to sell in the UK increased sales here is a certain bet.
GLA

NERVTAG scientists 'can't rule out' Omicron causing biggest wave of infections yet that may overwhelm NHS
https://news.sky.com/story/covid-19-nervtag-scientists-cant-rule-out-omicron-causing-biggest-wave-of-infections-yet-that-may-overwhelm-nhs-12483709

On the bourse its going up now
6pc down and climbing
but retail get frightened out and the shorts work
shorts will likely close once its fell enough, if not starting already...

Shame NCYT cant put out a mid day RNS so its not so predicable and catch these bstards out

This is what it looks like:-
What's happened is on the AIM Buys were flooding in, actually looking good.
On the Bourse some C@nt placed an 85,000 short at open, because there is no news and markets uncertain, retail panic and sell into it ,a few more shorts added to help it go down, retail panic more and start capitulating, price tanks.
Short then brought back later at a massive profit

Need to stop the practice but that's whats going on

i give up..
Buys are flooding in from open yet the MMs were marking down massively
so unless a big short on the bourse, which ultimately will need buying back, no reason what so ever for the mark down
manipulation at its worst

Well this is the point isn't it really
Whichever way you cut this, our own government has gone for this massive increase in PCR Testing
UK lobby now for pre return PCR Tests in addition to day 2 PCR tests.
UK Pre Departure PCR Tests now also looking likely
Moreover, ROW doing same.

So matters not if extent of this VOC is proven more or less damaging or if it gets under the vaccine or not, fact remains that its looking more contagious than Delta hence why they want to contain it and testing volume is significantly increasing as a result.

Not great for mankind, but a bloody big boost for the testing industry and specifically those in PCR Testing.

Not seeing the full improvements in the SP here yet but it will come..

GLA

@StarBright
Got to be done; you wouldn’t expect anything less would you:) are we ready…. Let’s go..

@ShellDonald
Go on then, your forward prediction is as good as any. So, you brought back in at £4.10 before close last night, do delight us with your pearls of wisdom, where do you see it going?

As I see it the small retrace creates an evident buying opportunity for those investing for the next leg of the journey. No idea why we are not already back north of at least £6+ given the backdrop of the current state of affairs, not to mention being only one of seven on the CTDA database authorised to sell PCR Tests, plus anyone entering the UK now needs to have a PCR Test but that’s how it is.

We have had two days of consolidation above the MA (200) at £4.08 so it kind of feels like we should now be heading materially north again but WTFDIK.

Agree the comments regarding charting, frankly a lot does depend on exactly where you draw the lines, but many do use technical lines as guidance especially if they are not researching fundamentals and purely trading on technicals. From a technical perspective the line is at £ 5.04 ish and that’s the line we need to break. We tested £4.88 on Monday. No doubt when Shell Donald gives us her SP prediction I would be amazed if its anything different from the £5.04 trend line.

Meanwhile, failing any positive contract news or left of field updates coming our way, I do think there are a couple of positive catalysts coming that should help boost the SP: -

1. Expecting some further products to be CTDA validated. In addition, a revised broker note with an increased SP target on the back of that. A city contact I have told me NCYT was being flagged as BUY late Friday, but I have nothing factual yet to back that up.

2. Pre-departure PCR Test requirements will come in next. Don’t care what spin our government or POTUS puts out to protect stock markets, heard it all before. Fact is this new variant is spreading and boarders will be protected. As such the requirements for PCR Testing are about to increase further.

Onwards and upwards

GLA

@Islandgirl
I got a text from a friend yesterday, on it was a picture of Peppa Pig with the caption:
"It's Peppa Pig here and I'm NOT a f'cking Tory"
Made me laugh anyhow..

Meanwhile, A factor here will be what happens when the US Markets open. Currently it feels like the market is enjoying a dead cat bounce, with ASIA up late yesterday but i just don't think it will last. That's my call anyhow.

As investors start to catch on that we are moving into this next wave, sentiment will change further and more money will come into these stocks as a hedge imo. NCYT will be a major benefit of new money.

WE have the BOJO speech to reassure us all at 5.00 and i think we all know what happens when governments tell us NOT to panic, we all have the T-Shirt already

Rally Inbound IMO, Good Luck