Member Info for RichTheNewbie

Good timing with your buy today.
The other three smaller trades were still enough to move this up a notch to 17p on the bid at the close.
I'm optimistic that we'll see buys trickling in as the time ticks down towards when a deal is likely (imo) for LOXL2 early in the new year.
I'd like to see this get into the 20's in advance of this news to provide a nice platform to build on if it goes as we all hope.

:)
Standard AIM-Games

Cheeky monkey market makers delaying the £15k buy to make it look like a sell. Nobody's falling for that one ;)

Welcome.

You're right about the free float - doesn't take much to move this up - and quite clearly virtually all of us already in this have no intention of selling even when the market (and AIM) tanked large amounts.

I'll never be 100% confident in any stock, especially an AIM one, and especially a drug company.......but having said that I still believe this is my best holding and has a really good chance of being a really big winner.

I'm only surprised more people haven't got involved and taken a chunk already. Still very much under the radar (as you can tell by the rare few posts on here).

Then again, I think a lot of investors new to AIM get sucked into focusing on resource stocks, I know I did, and the majority would do well to spread their money around some of the other companies (as resource stocks are more full of charlatans than any other sub-sector imo!).

Wow indeed......very simply..........anyone who's buying when the situation is so bad the company is trying to take a country to the EU court needs their head examining.
The "strategic review" was the warning sign. It roughly translates as "we're screwed" or "everything's gone wrong" when a company does one of those.

"Twitter is all they can do and so tbh, Lorne is doing all he can"

This is a cop out imo. There's nothing to stop them talking up their investments, discussing why they're so exciting, doing presentation slides and interviews about them, etc. They don't need to release any confidential info on them. More formal updates/RNSs can come later if/when there's concrete news. Twitter is most certainly not all they can do.

Agreed Chilston. The tweets just become annoying. Not remotely excited about it either.
Especially as that's the only thing the company (or work experience PR person) seems to do and it's mostly old or news not even directly related to the company.
No proper promotion. No recent presentations. No interviews. No real up to date detail on the website or in RNSs.

It's such a shame this site doesn't list who ticks up posts.

The only people more stupid than Mr Multibag are the people who recommend his posts!

(unless he has multiple accounts himself - and wouldn't surprise me)

Although to be honest this was one of his less detailed videos but it is interesting to note he's still favouring a bounce rather than bear market.

In case any of you are interested - the notorious trader I mentioned the other day (Alessio Rastani) has posted a video on the current bear market stuff - https://www.youtube.com/watch?v=4_FY6QHLprI&feature=youtu.be&t=7

He doesn't always get it right.......nobody does.....but I find he tends to be pretty decent and at least considers lots of different things (not just technicals). So whether you agree or not I generally find he provides food for thought. Which is never a bad thing.

Disagree Snooty - think these "substantial seller(s)" don't actually exist.

Simply a certain percentage of PIs getting forced to close out some (or all) of their position due to the extended price fall.

Good news is that the chances of this effect continuing diminishes by the day as quite simply the price will not keep falling at the current rate of (very roughly) 1p per month (as it can't!).

I'm not particularly bothered now, and the majority of the fall is done imo, regardless of what happens on the markets, as it's so heavily oversold. Also I think the majority of people under pressure for margin will have been done and therefore that pressure will diminish too.
For every penny it went lower now, it would become that much more appealing to aggresively set up long-term long spread bets / CFDs, knowing that the downside is essentially limited, this not beng a cash-hungry AIM company with big expenses, but instead investments still sitting there with huge potential upside.

Disagree on the big holder selling Snooty. I think what's more likely is you're probably seeing is forced spread bet sales as the price falls. They'll come in batches offloaded by the provider.
This is common on PI heavy stocks that have had long downtrends and got to prices many will not have expected it to get to, even before the markets tanked in the past two weeks, and therefore been able to afford to maintain their positions.

On a different note....whenever this goes into auction I see two huge orders bunged on the ask at prices that are never going to be taken. Seems very fishy to me.
I don't like to blame the price on "manipulation" as nearly always that's just nonsense people say to rationalise an fall that could be easily explained (just as it could here).
However I could have sworn I read an article once about these kind of phoney orders being entered during auctions to weight the price discovery mechanism. Fishy imo.

Dread to think how much JDAU must have lost based on the position sizes he said he had from prices astronomically higher than now (to be honest hadn't even seen how low it had got in recent times until I saw your name and had a look!).

Long time no see Snooty. Did you ever escape XTR? The fact you're still around investing hopefully means you weren't too badly affected if not.

Looks like the markets are starting to stabilise a little.
Reckon we'll be back above 10p soon as the bargain hunters gain confidence and try to beat each other to get in whilst it's cheap.

That's called a correction rather than a bear market right now.

In January this year the FTSE was at 7800.
In less than a couple of months it had a correction and crashed down to under 6900.
It then rose back to 7800/7900 a few weeks later.
Over the past month or two it's had another correction and now back down to 6950.
For all we know history could repeat itself.

These are big fast drops and rises.....but that's the world we live in now.

If you've got lots of spare cash corrections or crashes are great chilston.
You can suddenly buy loads of stocks much cheaper than you would have had to pay a month ago simply because the market decided to throw a wobbly!
Once it snaps out of it those who take advantage are usually sitting pretty.

I disagree about the assumption this wouldn't have dropped to this price in a correction. It has.
However this is more symptomatic of PI heavy stocks, like this, where people are leveraged and it makes falls worth.
Whether things turn around or the slump continues into a bear market nobody knows yet.

Frankly the BoD should forget about investing more money in other things and use the spare cash to buy back shares whilst it's low. That's got a better chance of ensuring value is returned to shareholders than anything else!

Someone taking advantage and munching all they can buy at 10p. With any luck we've finally seen the bottom and people can cheer up a little.