Member Info for Stupmy

Shax, in theory IG are participating in the OO so I should get some shares there at 19p. Not had a reply from them yet though.

Yhyh, I suspect a decent pull back in POO will hit ENQ SP to a minimum of 17.5p. At that point if it comes, then my view would be that it's the time to sit up and take notice and decide on when might be an appropriate entry. Could go lower of course.

Shax, I've attempted to accept the oo with IG, no response from them at the moment. I'm assuming that it will be more straightforward with Barc, but am starting to get that FOLO feeling. I'll deal with that next week I guess.

Immediate response for POO, let's see how it holds.

MRC, you see the high around 23.46 and the low around 20.6. During the period that price fell from 23.5 to 20.6 (nearly 12.5%), sellers had it? Surely you can't argue with that? If the sellers did not have control, explain to me why the SP dropped.
I don't have any particular conviction for the moment about the short term movement in price. Often punters are given the opportunity to buy at or below the price of an open offer (or other fundraise format). Of course 'it's different this time'. The crazy thing is that when punters moan about having been excluded one way or another from a round of fundraising, they are too afraid to buy when the price drops below the price they were worried they had missed out on. Crazy world. Watch and wait. 19 is not impossible, I'd not personally be surprised to see 17.25 or below. I would add considerably to my positions if I saw TA related positivity in the SP at or below 19 or better still 17.5 as I believe these areas will look like very good entries sometime in the future. Could all turn to **** mind.

That's funny mrc. The relief isn't ENQ specific. No serious evidence yet that the sellers have lost control.

mrc, I'm with you. I'd be happy to see 19p if it came. My view is that in time that will look like a good entry.

It can change anytime, but for the moment the sellers have the edge I'm afraid.

I think there's a significant risk you've gone early with this thread mrc. We'll see, this could be the time that we get to buy on the open market what we're being offered in the open offer.

Thanks Freddie (at 13:48). For anyone who's interested there is also an easily digested story embedded in that piece that describes the utility of TA/Charts.

https://www.ii.co.uk/analysis-commentary/why-reading-charts-can-help-you-become-better-investor-ii513449

OK thanks all, much more useful than smokingaces drivel

Zippy, I don't remember the detail, but I have very negative feeling about that name. Did he not involve himself in several AIM companies that lost people a lot of money?

I thought the same, but haven't seen him for ages and have never studied his 'success rate'. The link was posted therefore I assumed that at least some people thought he added some value somewhere. No evidence of that yet!!

Chilting, you posted this and MRC you thanked chilting for the link, do either of you know whether he is successful or not? He's been around a long time, that's for sure.

Is that a considered response specific to Zak's stuff or a more general view of TA/charts etc? I'm genuinely interested to know whether he has a good record of predicting changes in price.

I've not looked at any of Zak's stuff for a long time. Has anyone studied whether how frequently he gets it right?

IG deadline is 16/07.

It's only a 5.6% dilution and terms do seem to make sense so we may not see a big move to the downside, but historically, PI"s more frequently than not, do get the opportunity to buy shares on the open market at or below the OO pricing. Will be interesting to see, but it's 3p for free and it's max 5.6% of your holding. Got to be worth dropping that and buying back if the SP falls. I have done exactly that so it's an instant 3p profit.

Someone else alluded to it as a way to take the profit and I can't help wondering if that is now happening. I can take my allotted shares up to July 20th at 19p. I could sell the same amount now for near 22. I think that is happening here and will weigh on the SP until it's over.

Email alert is in from Barc.