Member Info for Richob

I meant Timster of course.

Did you watch the auction, Tipster?

The current auction says they need shares.

The pressure is on buying.

Cave Exigo

The MMs today have shown that they need shares by increasing and the decreasing the price.

This hasn't really worked as well as they might have hoped (in my opinion).

The indications, to me, are that they will need to find a higher base level for this strategy to work for them, if it ever does.

In the meantime, whatever news is coming, it is now even nearer.

Happy to hear other views on level two observations as always.

Cave Exigo

Up 5p and down 6p tells you all you need to know.

They want cheap shares now for what is coming.

Affimers work is the second part of the equation and Avacta supply them.

Cave Exigo

So, they have more to show than they show?

Is this a fact or an opinion?

Still don't know your view on the closing auction.

Just going to have something to eat and might log back in later bit still not seen anything to alter my hold and buy stance or anything with facts rather than conjecture as I see it.

Keep it coming. Loving the to and fro.

Cave Exigo

Never had NT with HSBC, not that it matters.

I am more interested in alternative views on the auctions.

Cave Exigo

I don't think I am in an argument, just a discussion about differing opinions on what level two and auctions show on our share.

To date, since March, this has worked for me.

Irrespective of what I see as just other views, I am yet to see or read anything that alters my hold and buy stance, so will continue with that.

Keep it coming, particularly comments on the actual auctions, the numbers of which were posted earlier.

Cave Exigo.

So you neither agree or disagree with my summary of the auction?

Cave Exigo

I think I asked a lot more than that, Phantom.

How do you read the closing Auction?

Thanks.

Cave Exigo

The following is from the closing auction:

Sell side

159 5000
158 5000
156 5000
155 5000
155 5000
154 5000
153 5000
120 100

Buy side

161 5000
161 5000
162 5000
163 5000
164 5000
165 5000
165 5000
190 7000
190 7000
195 100

My take on this is that there is nothing as yet stopping the sp after 165p, which is 35000 net shares bought away.

Just like today, if there is no news tomorrow, there will be a tree shake for those that either need the money or don't see the signs from the government or whoever, or do not realise the full potential of the company on numerous fronts.

Good luck whatever you do. It is a clear hold and buy to me.

Cave Exigo

Phantom, have you read this differently and if so, in what way or ways? Cheers.

I understand that Avacta aren't yet a FTSE company but what I am asking is how does that alter the auction?

I would be more interested on a different take or understanding of the auction, or some idea of what it might be that I am not seeing.

Don't want to clog the board up with this during trading hours but don't see what is wrong with what I am saying against what I am reading and happy that you read my previous posts.

All the best

Cave Exigo

Hiya, Phantom,

Happy with the debate but are you saying that the Avacta book is less real than the book for other shares?

Gor examplr, if we only have 500 trades in a day, how would brokers have hundreds of orders?

As I say, happy to debate if needed.

My opinion, as yet unchanged, is that the MMs don't want this to reach 165p as they have nothing after that, so we are talking approx 40,000 net buys volume wise from here.

How are you reading level two and the auctions on here?

All the best.

Cave Exigo

Either way, there's not much in the book then?

Cave Exigo

Let's see if it appears in the next auction.

All the best

They have 14000 at 190p and 3000 at 260p after 165p.

Cave Exigo

They do seem to be hiding buys for an hour.

Cave Exigo

Hiya, Manc,

The MMs know when a trade has happened even when the publication is delayed, so know the score at the time of the trade.

What I do think is happening, as shown by the auctions, is that they do not have that many shares, which is made worse for them when larger buys are made.

For the last week or so they have been dropping the sp in order to panic people onto selling. It works but only to a degree. At some point they will need to go the other way in order to take out stop gains.

As RK has indicated, the sell side analyst briefing wouldn't be happening next week if Avacta had nothing to say to the sell side analysts, who, unlike their title might suggest, are interested in likely future earnings. Can't see why a company would hold a briefing if they weren't expecting substantial future earnings.

Hold and buy is the logical stance in my opinion.

Cave Exigo

They only ended up with 32,000 and those buying now have picked most of those up at lower prices than they thought.

Cave Exigo

They have only collected 12,000 shares so will try a tree shake.

Cave Exigo