Member Info for technick

I agree, I think this is all linked to an acquisition at £100m mc. Opinion!

... mark my words!

... FDA and WHO pre-qualification, first sales contracts for the Genedrive 96 SARS-Cov-2 test

share price will recover well and Genedrive is here for the long term as are its LTHs

09-Jun-20 09:29:58 132.1001 23 Sell* 132.00 133.00 30.38

this trade is simply odd, both the volume of 23 and the price of 132.1001

Games a foot

ThePunter, as I understand it the II's have to sell shareholding if the price exceeds set profits, that would reduce their holding. My speculation is that they would want to hold onto as large a share holding as possible in order to benefit if there was a trade sale at some multiple of current share price. I think its a careful management of share price to keep it within a set range prior to trade sale announcement. Conspiracy, educated guess, cynicism, all of the above, probably. Happy to see what happens but Botton line is the late reporting is fuzzing the daily visibility.

ThePunter - the number of after hours trades is larger than any other stock I hold, there are most certainly games a foot or masking of sales during trading hours regardless of sentiment

@peckham, yes there's no point buying or selling until the MMs play nice - they simply are masking the real position in order to keep the price where they want it imo - that may be to facilitate buys or sells, you just can't stitch it together

@samolly I've seen no clinical data from their test, I think this purchase is an 'evaluation' purchase in order to generate performance data...

absolutely no point looking at the trading pattern, the price is being manipulated to get the larger trades through at a set price based on the smaller share trades throughout the day. for what end I don't know, I suspect as I've said before, to allow the IIs to maintain a position or buy back in to a position at a lower price - they all talk to each other. I also suspect a trade sale is in the offing for the summer time once the product as sold its first 6m tests... all guess work and cynicism

09-Jun-20 08:04:49 145.03 100 Sell* 145.00 148.00 145.03

are you kidding me, games are a foot everyone, games are a foot

Oh dear, if it hasn’t got CE mark they’re illegal and if it isn’t sensitive they’ll do more harm than good.

Are these trades being hidden amongst smaller trades on the day and then released days later for a reason?

... to the next RNS, it’s going to be a goodie I’m sure!

@wuck I’m sure when news does come this will return to double figures, the market cap is very small for a company with the assets it has. I will top up if this falls further (my target would be sub £2.50) but at the moment it’s too volatile to add.

whatever it is it is planned imo

... and down almost 10%, I'm almost beginning to feel like blueburg now!

until news is in the MM are just playing the game, we can't see the delayed trades so there is now way of knowing if the trading price is fair or not.... eventually this will rise on sales news, until then hold or take your chances playing the 10% daily swing, not sure anyone is

@punit, sometimes people buy shares and sometimes people sell them. when more people buy the share price goes up, when more people sell then the share price goes down. this tends to find a price where people are comfortable trading. sometimes its lower and sometimes its higher. its the MM job to find where that price is.

I'm happy its genuine, it doesn't make sense for someone to construct such an elaborate story :) we shall get the RNS soon enough imo

Thanks @Johny