The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
we have seen this go from 4p to 8p in a few trading days with the war still on. this is a coiled spring and is NOT valued for half the suspension price (pre-FSP, pre palladium boom)
this should be liky polymetal - which is soaring even with the war.
poly is 3x from its lows which pegs EUA at 12p - when eua was 12p poly was a similar price
we are 3x undervalued from here and it will pump just like the other metal, mining and blockchain shares
good price action. looks like I Was wrong about the retrace to fill 280 gap. strength here
disagree here. hwever an equities reversal this week will send btc back into a downtrend which could last several months
lets remember gaps at 3-5p. gap at 9.5-10.5p and now 13-14p
not all of them need to be filled but often, a self-fulfilling prophecy. this has some legs in it if btc manages 24-25k before a retrace
on the positive side - its been 8-12 months of a brutal bear. were almost half way there .. with the halving in 2024. by then argo could be 50-70p at the start of the bull run.
with the structure currently argo is worth 7.2p ish with their debt and assets - after that it becomes better to get spot btc or another miner. that being said its the only uk listed one so its bound to do sereval fold on btc rises
bought 50k - accepted a bit of a loss
polymetal is having a nice recovery and EUA looks like it could be next. longer it stays consolidating around here the sharper the move up when shes ready. added 500,000 since november
POLY volume slowing down compared to last few sessions. More sells than buys yet price is still looking fairly solid. What we want to see (not sharp dips down, a little up, then more down etc) so overall trend remains in tact as it has done for the last 6 months plus.
174 vol thus far vs daily 320. so I would hazard a guess that volume ends today similar to the daily average. Even though macD on hourly is red its very shallow and looks like it wants to go green by the end of the day. I don't doubt this could break past the current barrier of resistance before retracing or long-term (4 week) consolidation
yes big buy at 3.18, a lot of sells printed though. currrently being absorbed
say its £2.40
buyer says hey i want x shares - mm's agree to fill the order fixed at £2.80
market makers need stock, only way is to get ppl to sell so raise the bid to fund the buy. once enough sales happen and the buy order is filled then market makers have less demand for stock so will stop raising the bid and allow it to consolidate at 2.80/3/3.50 or whatever
not if the order was placed when the share price was £2.40. Market wont allow such a huge buy for that price. likely itll be agreed on a higher price and mm's will fullfil it over days/a week etc
Evraz I'm in at 0.92 so if that goes anything like this then happy days. would prefer to sell evr to buy more poly though, to be honest.
Poly update; Daily RSI now 81, daily stoch near 100. looks like macD just printed a red on the 1hrly
Would it? Say there was an order to buy 2m shares at £2.80, and market makers need stock so pushing it higher to encourage more sells to furbish the order. Once thats done then the demand won't be as great, right.
That being said, going to be hard to accumalate stock as the buys are still fairly solid considering
consolidating well
Yes I know
My name is James Duncan, Postdoctoral Research Fellow in Chemical Biology and I for one have been burned by this. Holding until this is 30% higher but not adding more. Prefer metal miners instead
yes pullbacks are not juicy at all. like i said if it drops it won't be for a while as it will likely sideways before a dip and the dip will be so quick to rob us pi's.
happy for the progress today, sorry if i ever came across as negative as I said before I am extremely bullish and still waiting to add 25kx 3 in batches. my personal targets are for £2.43, £2.33 and £2.25
and if this carries on north then im happy for my core holding (NOT SELLING!) - fingers crossed for war ending and divi soon. until then - hopefully this consolidates nicely. Ill buy back if £3 shows a strong test of support
15 min MacD about to go green (positive)
email: ill email you a screenshot if you want
used to be 120k across 4 accounts. down to 35k at mo