The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Surfie & we are down here because the MM's decide on a 30% discount each time. Complete nonesense as usual on the AIM. There is a delay on non-clinicall data which indicates the clinical is not negative. Mr market hates delays but is it Mr Market or is the Mr Market Maker creating volatility for their own cash machine. The magic formula is 30%. I may as well stick my finger somewhere & I would come up with the same opening drop.
The fact that the SP has not moved in hours says everything about MM decision to whack a mole at 8am . If there are no large delayed trades even in the next two days then the the Boyo's are really working on the edge of reality. If they let this run properly at 8am then it would probably dropped 10 to 15%. The £1 level was a lovely number to hit for any large stops. And £1 level was tee'd up after the RNS 3 weeks back with similar creativity "wheres that mole".
If you believe you are watching an orderly market then you need some sweeties to calm down. Lets see if there are any large delayed trades to confirm "whack a mole" theory
the RNS is non-event its as delays to anciliary non=clinical data. The MMs used their bingo machine to create trading volume. These blighters create a non-orderly market by triggering stops at £1. To !be honest they need replacing by unencumbered algo's that do not have morning meeting at 7am to decided on tactics! Algo bots are used by hedge funds to drive HFT whats the difference ....nada
have managed this nicely into the £1 territory (stops) based on a delay on non-clinical data and handing back a molecule where again there was no negativity. So a £2 to £1 in 3 weeks based on a bunch of MM's deciding to drop a SP by 30 to 40% on RNS days. Have to ask yourself who that benefits? If neither events happened would have gone up 50%................. er nope.
Plain as day market bullcarp. The market knows better ...... maybe on the main indexes but not in casino land.
Its not oversold the SP has been dropped by the MM's using there non-sense algo = lets whack it. Its oversold because of this. Its to induce panic & uncertainty. Mind you its flipping very very annoying as to the CTA situation. Credibility & confidence.
As I said not great but the MM's led by who? As in 1801 are looking for any opportunity. This does not warrant such a drop. The share should have been suspended fro an orderly market. This is not an orderly market, there is no rejection. Its the non-clinical data - bang my head
"UK Good Laboratory Practice (GLP) Monitoring Authority, or further support, of the non-clinical data submitted as part of the application to approve the clinical study". OK its the non-clinical data. Not good but not an outright rejection & not on the clinical data.
We started Oct at 160. pushed up to 230 & then down to 190 before 30% drop. Rebounded & pushed again. We assume that large trade on release of RNS was a sale. We have unreality no idea. It take little volume & capital to move a small cap.
The issue is not state pensions but the Ponzi scheme that is PS pensions. This requires levelling up tout suite & not for future retirees but this already enjoying the gravy train. This costs tax payers in excess of 3 to 5bn pa. Totally unsustainable. Snouts in trough & requires exposing.
Look at those ex RAF pilots on c250k pa training Chinese military pilots. They will have a very nice pension. Sorry but it's getting a grip haircuts all around for those on the gravy train now.
Agee. The 30% Wacker on opening last week was simple an utter disgrace & has nowt to do with any orderly market. PH involvement has managed to take a robust SP of 5 to 6p & allowed to Bob along down here. Who are they working for?
50 years of dire governing parties red or blue. Complete structural re-form required political, tax system, public sector pensions, benefits system, immigration economic policy, housing policy, local govt structure. Everything in the UK is for sale & has been for decades. A complete shambles and you & all vote these in bumbling idiots in. Take the Water industry an infrastructure asset - I did some consultancy for one. Net profit 20% dividend goes back to chinese owners & thats after asset investment. Think about it a 20% cheaper bill. Crazy.
New politics required and the masses should know the truth they are a pawn to the gravy train & snouts in the trough brigade. Unsustainable public sector pensions, where you can retire at 55!! think about it. Plenty have done so 3m people 50 to 60 who are not in work because the state supports them worked or not worked!!