Member Info for RichTheNewbie

And the data on Remdesivir appears extremely "ropey" as a whole.
https://www.cebm.net/covid-19/covid-19-clinical-trials-report-card-remdesivir/
https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)31022-9/fulltext

Lots of low quality studies and the better double blind ones hardly showing much impact. I can see one study of 1000 patients claimed significant impact when "remdesivir significantly increased the discharge rate of patients with COVID-19 compared with the placebo (50.4% vs. 45.29%)". Not exactly earth shattering stuff.

Trump's probably got some shares in Gilead ;)

Chrishar - no. That could land at any moment. No point trying to second guess it. Doesn't matter if it doesn't...but it could well do.

Remember it works to the MM's advantage for things to swing back up and down.
When it's rising, and there's mostly buying, and not selling, they run out of stock or become net short. These pullbacks enable them to get back those shares they sold for less than they sold them for, and restock the coffers.

The worm continues to turn:
https://i.postimg.cc/WbbPQf9D/Worm-Doth-Turneth.png

With regards the L2 data - Woodstock is just referring to the board rules which say "You will not; post live price or level 2 updates." You'll probably be alright if you're not doing it all the time but if you keep doing it, they might warn/suspend you, because they're obviously wanting to preserve their L2 customers, rather than everyone sharing it for free.

Yes, obviously, as I've said that in numerous posts today and recently :p

The proof is definitely in the pudding. The share price pulled back from a natural point and the fear mentality set in and its all doom and gloom again. Aside from the fact there have been literally countless people who admit they've been influenced by what they read on a messageboard over the years. I'd say the people who haven't ever been influenced are in a tiny minority.

Chrishar - yes they do.

Nolupus - I've heard this said many a time but sadly it's not true. A significant chunk of people are influenced by what they read on social media. I don't think there's any doubt in that at all.

I do love the irony when the trader trolls flip from ramping to sell to trying to pour salt to accumulate. In his very own words:
"THE RESULTS & the expectation of trial outcome will determine the share price

until the then
knife twisters
rubbing salt on wound
spreading fear
can play with your feelings."

In a way he's honest....just wasn't explicitly clear he was talking about himself ;)

Turned a bit more now. Into net positive buying at the moment:
https://i.postimg.cc/wBvB8kYG/IGData.png

Chrishar - it is being entirely driven by sentiment (or cold harted trading to a less degree) since the fundamentals haven't changed! Nobody thinks things are 100% guaranteed! I imagine many people are quite confident of success though and there's nothing wrong with that. A share price that's pulling back after a rise doesn't change a thing - other than sentiment. Just as a rise doesn't change a thing - other than sentiment.

You can see the balance slowly turning. From 80% sells from PIs during this week on IG. It's down to 71% today. And down to 60% in the past hour. Steadily coming closer and closer to net positive buys.
https://i.postimg.cc/KzPDXF2f/Capture.png

Yes. One might have hoped PIs would push it higher like they did to 80p. However 50p was a reasonable target and why you got selling there no doubt (when I was buying at 35p I had that as a short term target in mind too). So no surprise there was some selling there.
The £14m placing at 35p showed there was good interest from more serious players at that price.
The £1.20 valuation for now isn't actually that silly if you consider the potential value on success and then give it a discount for what you think the chance of success is. The success target being £3.60. If you think the success target is fair, and think the chance of success is higher than 33%, then you could argue the target is low.
Problem is the higher the stake you have, the more wary anyone will be of taking that risk of it not succeeding, which is actually why it's a good sign you've got these various large holders not selling, however PIs will react to a falling SP and sell, that's just the way it is, if things start rising again they'll probably jump in again. You just have to accept a lot of PIs are extremely fickle and the SP is the biggest determinant of their emotions (and trading). It is what it is.

Chrishar: I think you'll find I've been repeatedly telling you (and everyone else) it's most likely just PI selling for quite a while not just yesterday. It's the exact opposite of not addressing it!

There are times when there's patterns of large block selling but my point is there hasn't been any for ages. Dribs and drabs of delayed orders are meaningless and regular occurences. The fear of a seller is worse than a seller themselves because there cannot be an end to something that doesn't exist.

There's no corner to turn. That happened weeks ago.
You're grasping at straws looking for evidence of something that almost certainly doesn't exist. A trade being delayed doesn't mean anything. I've had my own trades delayed often enough. All you're doing is perpetuating a myth about a mysterious seller with no evidence of it being true!

Jakman59 - It's definitely a positive imo. They could have been selling but all the evidence suggests neither has been. It's quite a big positive imo but PI's will be PI's and full of impatience and conspiracy theories.

And put it this way, with two large holders, don't you think the company would have contacted them to confirm they're voting for the resolutions, and secured those votes? I would have if I wanted my resolutions to pass easily!
I imagine that's simply what happened.

typical mistake "going well" should have said "going badly" obviously

Takenorisk - as I just replied to someone on Twitter. PIs never seem to want to blame PIs for share price swings. Yet PIs are the most fickle participants in the market! All the evidence at the moment suggests it's just PI trading (as I've been saying for a while) and frankly that's meaningless as most people's decisions are based on little more than the share price and a relatively poor understanding of what they're investing in! If the share price goes down they somehow take it as things are going well and if it goes up they presume it's a guaranteed winner. When in fact it's neither, other than PIs influencing other PIs, via their trading (or words on social media).

As I said, you may believe it's a massive coincidence, that number is just slightly above their total, with retail making up a large chunk of the votes.
I don't believe for one moment that there would be large numbers of retail votes, based on what I've seen from other shares, and also just happened to land almost exactly at the amount of the combined Acacia+Lansdowne+Directors holdings, with a small amount extra for PIs.