Member Info for risehall1

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Today's share price action was not massively bullish, it just found a little support. The problem with Novacyt is that the share price has risen massively over the last year. That makes it very attractive to shorters. Without up to date sales and production figures it is difficult to value and will suffer from the negative sentiment around other Covid stocks which now look very over valued as they are loss making.

Well nothing has actually changed has it. We know there are several vaccines in developed. Novacyt themselves say demand for testing will decline at some point, but in the meantime it is increasing. The plan is to become a mid tier diagnostic company post covid - they will certainly have the cash to do so.

It happened to me before with HL so I rang them and they cancelled one of the trades. There are loads of complaints about HL today - online reviews if you look. Platform down much of the day and people unable to get through on the phone, plus many executing trades more than once as their website did not update fast enough. They will lose loads of customers over this. I warned them in Spring that their platform is unstable in periods of high market volatility. They will have their work cut out tomorrow trying to sort out the mess.

If HL sold twice ask them to cancel one of the transactions. They shouldn't have duplicated the trade and they have cancelled trades for me in the past when they have done this.

HL would only let me buy at £7.40. Been a very strange day. Some shares like Rolls Royce have soared, but this is hard to understand as there will be no sudden change in their fortunes. Gold price has fallen sharply too, but I still see economic uncertainty ahead for 2021.

Rns please. Now would be a good idea for Novacyt to update on sales and production as sales to date should support current share. We always knew a vaccine was coming, but the need for testing will continue for some time yet.

It is 90% effective according to study just published. BUT only 50 million doses available til end 2020 and end 2021 to make billion plus doses.

They drop the price yet i can't buy. Go figure!!

I have a sneaking suspicion that what is happening stateside could have a big impact on Novacyt's share price. Cramer told investors to buy covid testing stocks earlier this year. If Biden decides to throw billions of dollars at bringing covid under control, some hot money may be headed in Novacyt's direction. Things are also getting bad in France, yet another boost to sentiment as if things aren't bullish as it is.

From the Telegraph yesterday. https://www.telegraph.co.uk/global-health/science-and-disease/virus-mutation-could-hamper-vaccine-development-researchers/ Just when we were hoping a vaccine would put an end to all this. It cannot be assumed that a vaccine will end demand for testing. If an annual vaccine is needed, demand for testing could continue for years.

It may be like searching for needles in haystacks, but what do you do if track and trace isn't working and the vaccine fails? None of these experts can agree on anything. From a layperson's perspective, the most sensible thing to have done at the outset would have been to shut the borders to non essential travel. That is what they did on the Isle of Man and they had a few cases initially but are now covid free.

Track and trace is not working because they are struggling to trace a lot of contacts. In that case, mass testing is the only way forward. But being cynical, I think some of the outsourcing companies are very keen to do this for government as it is very lucrative. If mass testing is needed, it will obviously increase demand for test kits.

I fear we are about to overshoot and end up on Mars.

Chart is now starting to look like a space shuttle about to lift off. Must be news pending.

Talk about hedging his bets. If it falls to 800p short, but if it breaks previous resistance at 1260p it will go higher!! And today's chart pattern is a bullish piercing line, so I reckon were headed higher. It may be overheated, but that heat is being generated by the huge amount of friction caused by selling millions of tests and the shear volume of cash pouring into Novacyt's coffers. As an investor I might be worried if Novacyt were still in the product development phase, but it isn't, they have several products being marketed, a massive order book, no debt and excellent margins.

Hype? The order book sits at hundreds of millions, the profits may run to hundreds of millions by year end, profit margins are high. This is real, it is not hype. The share price reflects the fact that Novacyt have seen a massive increase in sales which seems to be still rising. The problem isn't hype, if anything Novacyt is probably undervalued, the problem is how to value NYCT when demand may only be short lived.

Same old circus. Do you think the f###wits realise there are tens of millions sat in front of their tv's waiting for Boris to appear?

I think it is inevitable phase 2 will be triggered as I see no sudden end to demand for testing and the government have to plan ahead. I also think this new lockdown will not be as effective as the lockdown earlier this year, some people just want to get on with their lives, particularly the young who are at lower risk. Even if there is a vaccine rolled out from end of November we still do not know how long it will give immunity or whether it will be less effective for some people. We also know the virus is mutating which could be a problem for the vaccine. If the vaccine isn't fully effective in controlling the virus, mass testing will be the only way forward.

That is quite a combination - guiness, midget gems and wheat crunchies. No wonder you got the gaviscon on standby.