Member Info for RichTheNewbie

Can't imagine it's anything other than just something automated ballsing up.

I don't believe it's necessarily contrived as such. More that a larger buyer came in (hence initial rise) which then prompted a fall (presumably Acacia - who must have said they're happy to offload at 42p or above) and then the rest of the day the new large buyer spent buying up all their stock. If this continues, not only may some people get their wish (Acacia gone before news), but you might also have a nice new large holder.

And it appears they were still buying into/after the close.

Normal recent volume lately had been not a great deal more than 500k.
Even if you quadruple that for today for the few PI's who will have jumped in....that could still be easily over 5m shares sold by Acacia today and bought by the mysterious share gobbler.
Be interesting to see if we get any TR-1s in next few days.

And another 37.5k bought after hours....they just should just get on the phone to Acacia and take the lot in one go :p

CW25 - heh, yeah, the more I read about remdesivir the more I believe it's a triumph of marketing and connections over efficacy. Ignoring side effects, it doesn't work in the early period, doesn't work in the late period, so you've got to get it badly, but not too badly, and then it might help, a bit.

That is true Chrishar, but even so, it's quite something for the indexes to be where they are (even the S&P and Dow aren't that much off all time highs) amidst a crisis of this scale (that's actually increasing over there rather than slowing down!).

Gotta love America. Coronavirus is getting worse and worse with them averaging 45,000 new cases a day in past few days.....and the Nasdaq is at all time highs. All hail the money-printing gods.

You know they'll release the good news in an RNS 3 minutes after you sell ;) (just warning you now - thats life :p)

And the sell price ticks up again...

Exactly Jakman - I feel like I'm saying that a lot lately.

Sell price has ticked up twice now and buying continues.

Genedrive: https://i.postimg.cc/ZqNKsbLj/GDR.png
No thanks.

GDR is in a steady downward trend......

If someone decides to buy millions of pounds worth of stock - I consider that a positive - yes.
I've been saying that the short term SP is irrelevant when you've got 50 grands worth of PI trades moving it up or down 5%.
It's really not the same thing.
Obviously the news will be key.

Not sure why you're saying it's done. The block buying is still continuing....

CW25 - maybe as simple as a large buyer entered the market and Acacia decided to sell them stock. It's a net positive regardless that we're seeing this level of buying.

It's both a buy and a sell isn't it. Like all trades. Hence it's called a trade :p
If someone, say Acacia, has sold it, then someone say Astrazeneca ;), has bought it.
(I jest but it's not going to be a small time PI is it!)

Go on then Nol. I won't hold you to it. But what's your prediction for the exact transaction details you envisage ;)

Well that's a fkin monster. 3m in one trade. Don't tell me it's just PI's buying! :p