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5.01% to 6.92%
Interesting times...
Cash2, youve been here a while like me and i imagine you have a good average like me on a good quantity of shares. We’ve gone from 1p to nearly 7p on nothing really other than the passage of a bit of time. Yes the share will spike high no doubt on FDA which is great, but stonechecker needs the orders to add the value. The FDA is just a bit of paper. Hopefully the orders will follow and flow, it seems good ground work is being made. If at 1p FDA had landed (and it could have). We would have been happy at 6p+, looking towards 20-30 on a good order pipeline. Now everyone has convinced themselves of 25p+ on fda and rising after that without any basis what so ever that I have seen. It sat for months prior to the 1p drop at 2.5-3p and everyone expected FDA news any day then. Whats changed? Not much, we have a sales company working with/for us which is positive and back in october that would have supported the share at 3p....
You're absolutely right Wilfred.
People need to manage expectations and control FOMO, as I've said a few times the FDA response isn't likely for a few weeks (maybe even as late as september). Yes it may drop earlier, but we arent anything special as far as FDA are concerned and the company just dont know. They amended the software in February, so you should allow 6months after that.
I read somewhere yesterday a ramp along the lines of RENX buy out IQAI, i mean wtf?!?
This is a good share, but has been pumped hard the last week particularly with certain people spouting absolute rubbish, anything to get a 10-15% margin. Loads of people spiked and creating a very unstable overbought share imo, almost verging on having FDA success priced in (exc orders). Craziness and i really feel for those spiked, awful.
Although I think we are a few weeks away yet I know a lot think FDA approval could be any day, looking at the FDA devices website they seem to only update on a sunday night / Monday morning with the entire previous week, I guess this is to give a company the chance to announce it prior to them publishing it. But if by some luck it is in, tomorrow would be the day to beat the FDA publishing it.
Just speculation but looking at these big numbers going through today and yesterday it seems like most were likely buys, £75ks worth roughly i reckon. But they are going through at a very competitive price point for the market at the time considering the relative magnitude. Worked for sure, but I know as a PI who has traded large numbers at times ive never had a favour done on it.... if anyone know how you do that please let me know!!
Thank you
Your approach seems a bit wrong Wilfred, when you invested im sure you didnt on the basis it will climb forever and be 50mcap overnight. You need to work out what works for you and evaluate it as things develop rather than relying on the approach of others. Maybe you sell at 4p, 5p, 6p etc or do you wait for fda and ride the roller coaster on that day or do you wait to see how the company uses a successful fda maybe take a bit or hold and invest more!
All depends on what your risk profile is, but make sure you don't risk more than you are comfortable with my friend
HedgeHog, my understanding (from historical interviews with David on Proactive Investor) is that 90days is a guide for normal application where they aim to get 90% of the application through. Its not a set in stone timeframe where something has to be signed off. DYOR but personally I do feel now is a good time to invest in the company (time scales wise, the price point is your call) but don’t want new people to be sat refreshing their screens every 5mins waiting on an FDA RNS for the next 6weeks and watching every trade go through ruining their summer with growing anxiety - ive been there, its not nice. Better to switch the boards off if you feel yourself getting there IMO