focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
@hants...I signed up a few days ago and had to register with Labroots, but got it done in a few minutes:
YOU'RE ALL SET
Hi P*****
Thank you for registering for the Coronavirus Virtual Webinar Series.
The first event was a great success! It is now available for on-demand viewing.
Our next event of the webinar series will go live on June 17th. Set a reminder
The webinar series will be ongoing through the end of 2020. The webinars will be available for unlimited on-demand viewing.
Be sure to share this event with a colleague and use #LRcoronavirus to follow the conversation!
Is an absolute joy. I seriously suggest giving it a go.
I had to laugh when I just deduced that global... has bought back in. Who really gives a toss? What’s really sad is that he actually thinks anyone cares. Some real sad, pathetic individuals haunt these boards but the filter button does the trick.
Go on, give it a try!!
Just looked in for the first time in two hours. Surprised to see it back down tbh but super positive tweets have dried up so I guess the 10% traders and whoever the 10k seller is will keep us where we are for now. Away to enjoy the garden for now, so have fun and don’t let the wind up merchants get you down. Our day will come.
Exactly the point I was making @travel_light and as tonnes77777 was reiterating....the market for airline testing along will be huge. Most airlines only make profit on a high % seat occupancy and a high % seat occupancy can only safely be achieved through rapid pre boarding testing....otherwise risks will remain high and seat occupancy will reman lower.
Rest of post:
It looks like today was a very big ‘shake’ to move the price down while stock is simultaneously bought, taking the rest of the market short, including competing MM’s.
Something like this...
- Company broker appears to sell heavily.
- Market takes this as a signal of imminent bad news.
- Market spirals downward.
- Stock is mopped up at lower and lower levels.
- Buying, proportionate to the downward movement, does not print until after the close.
- The rest of the market cannot now rebalance ahead of what may appear tomorrow.
This pattern occurs prior to positive announcements, not negative updates.
If it were bad news brewing, you wouldn’t ordinarily see the after market Buy prints in such high volume, almost equal to the volume shares traded and printed within market hours. That’s a strong indicator.
Obviously this is all supposition and the clues are subject to interpretation.
Well worth a read as you suggested @gemstar: I hope nobody minds me simply copying the post by johnnyb1:
Good evening all. Thought I would pop my head around the door.
It’s all getting rather interesting isn’t it.
Unusual to see prints still coming through +2 hours after the Close.
McNulty’s observations, while valid, represent sentiment and the effect of a significant PrimaryBid placing at the same price and timing of the institutions. Hence the volatility and the price not breaking higher on the news of the ‘transformational raise’.
They do not however, in my opinion, represent the underlying cause for the direction of travel.
As is often said on this Board, ‘nothing has changed’. If nothing has changed then there is typically equal buyers to sellers in a perfect market, which may experience volatility but rarely disproportionate intra-day price moves.
I would point to one or two ‘market mechanics’ as clues to understand what is happening.
1. The exceptionally high number of post-market prints of predominately Buy trades, while the SP has disproportionately moved down.
2. The MM of the company broker, appears to have been on the Offer consistently throughout today.
Now logic would have it, if the MM of the company broker had got wind there was imminent bad news, then clearly they would sell and clearly the other MM’s and the weak holders in the market would follow.
However, experience tells us, in such circumstances, the last thing a broker of the company would do is to signal to the entire market of a sell-off. This is just patently bad business, especially when you’ve just brought in a bunch of investors. Burn wealth management like that and suddenly you have no access to capital and you have no ‘sell-side’ broking business.
Also note. Institutions do not sell off in 10k parcels directly through the market. They have neither the time, the inclination or the compliance latitude. If they need out, they will place the entire block with either the broker of the company or their own broker (quite often their own broker...Compliance Officers don’t care about orderly markets, they care about TR1’s...of which there has been a lack of).
Most of the MM’s would not willingly move the SP below 120p when they are probably holding (or were) stock at that intrinsic value from the forward selling. MM’s will often take very cheap stock in such placing dynamics and they have up to 30 days to settle up their book. Plenty of time to see all the good news come out that the market has been waiting for and make a tidy profit.
So...if its improbable for the companies broker to violently and publicly sell and yet they are....and the number of undisclosed buys is disproportionately high.
To quote Sherlock Holmes; “When you have eliminated the impossible, whatever remains, however improbable, must be the truth?”
I suspect positive, not negative, news is imminent.
It looks like today was a very big ‘shake’ to m
The price represents a discount to the individual price so that makes sense, however I seem to recall that a price of around £30 or $30 was mentioned by AS...I may be mistaken though. Could well be that they are just readying the site with order details etc as the rest of the text is still "dipsum lorum etc etc" which is what you see on most partially constructed sites.
Either way, it is a little bit more progress
I find it mind boggling that people like alwayswinning write what they write about companies like Avacta and expect or hope that investors will simply believe them... ("When the virus is gone what AVCT have will then be surplus to requirements.")
Clear evidence for anyone with any doubts that they actually know nothing about Avacta. Alwayswinning is plainly and simply a trader whose sole agenda , having shorted this share, is to drive the SP down by dissuading positive investment. he and his gang will disappear in due course when they have stolen all they can from you.
The choice is your's whether you let them do this or not. I choose to not play their game and have been adding all the way down to these levels. News will come and it will come very soon. When it does arrive, you'll not see alwayswinning for dust as he and his furry friends will go away and play elsewhere.
@canute 40, I think you are reading too much into the wording. If you take point 4, you could just as easily argue the opposite: "What support exists to help developers overcome design challenges." This is present tense, so you could argue that challenges still exist. Time will tel us for sure.
Given the volume of useless tests that have been hoisted upon the market and the reaction worldwide now being taken against these useless test, I'm happy to wait as long as it takes to get the "Best In Class" test out to market.
https://www.reuters.com/article/us-health-coronavirus-eu-tests-insight/europe-sets-sights-on-dud-antibody-tests-amid-covid-19-free-for-all-idUSKBN23I0OP