RE: Where to from here?28 Oct 2020 11:31
To add to this as indicated above
- GOOD VIBES
- The euphoric vibes when its moving at 10-12% a day is everyone talking about the colour of Ferrari they are ordering.
- Oh this is once in a lifetime, brag stories about buying at 3pence and holding 25,000 shares
- Lots of hi5's and back slaps, plus the odd story about 'topping up' and their average (despite it probably be 7/8quid, is still only £1.63 but they've only been on the board for 2months - err yeah).
BAD VIBES
Then when it drops we get the opposing views, its a poor stock
The neysayers - oh that's it, Im glad I sold and took my £300million profit - scumbag air of entitlement comments etc
Doom merchants explaining how other Covid developments mean its game over and we are all doomed forever.
MM games are apparent,MM's are signalling to their 'mates',
ooooh an RNS is coming because its dropping and I am an expert
To be honest you could apply that many stocks, its primitive behaviour of the board and it truly shows that 75-80% of it is pub chat.
In a real sense, the factual position
For me:-
This grew hugely based on the status of the business and perhaps rightly so. I would say it grew beyond expectancy.
Covid is here for many years, there is no vaccine that will provide an immediate close out
Testing is essential and NCYT have a good way of engaging in that field
Orders and indeed value of the business is good
Investments guess what go up and down and sometimes their is no logic to it, volatily in this Index is common and sadly a part of life.
MM's do play games, but cant be used as a tool to frustrate us all
Voilumes in this stock are pretty on the whole encouraging.
The CEO of the business is credible and has a vision/ strategy
Research is key and you can see the stock pushed 500s earlier in the year and then dropped off, I think we are in that volatile stage which I reckon will be mixed until more clarity is given over an RNS.
Do I feel there is a treeshake, in some elements yes, however a bit of knicker wetting and people buying in at 1000's gloating as it pushes up 3/4% that day and then drops is inevitable. That is a gamble in any stock and short term views here I think will be very hit or miss.
I see the long term view as still positive. £50 chat now seems like a distant laugh from last week and I'll hold the view this could see teens by xmas.
Hold if you can, fold if your happy and gloat if you like gloating.
Enjoy the journey!
DYOR!
Appraising the real facts