Member Info for Time_Lord

Price seems to be moving more freely now.

I think there's a seller about. Been soaking up a constant stream of buys since it flatlined yesterday afternoon. The big sell on the 15th makes me think a distressed seller started offloading into the rise. It's just the same as HZM at 4.2p - once the seller clears we'll be off.

Two subsequent buys straight back up at 3.7 after the big one went through. Does look like they dropped it to fill that order. Hopefully smart money is loading up ahead of news...

Don't know, but that's a nice big buy printed at 10:40, so maybe?

Zodiac means that the minor downward trend in price has hopefully finished and we have now found a base to move up from. The doji (open same as close) shows that buyers and sellers are in balance and neither one has the strength to move the price. Traders have sold, price has cooled off, now fresh money will enter and hopefully take the price higher.

The MMs are not the spawn of satan you know... they do actually perform and essential role - which is providing liquidity in small cap stocks. Their job is to make a market where there might not otherwise be one.

They set the price in order to meet the demands of the market, to balance their books, and to make money - that's what we're all here for after all! I can't claim to know how they go about their business in any great detail but obviously they need a reserve of shares in order for us to be able to buy them. They acquire shares by either dropping or raising the price in order to encourage us to sell or to hit stop losses. If a big RNS drops on Monday and they don't have enough shares to sell then they will have to raise the price in order to induce people to sell. Another possibility might be to sell the shares in advance and then drop the price heavily to hit stop losses. Either way, it doesn't matter to the investor, they can't keep the price down forever if the demand is there.

Ultimately it's up to the PI to do their research, take their position and not worry about daily price swings.

Hello Warren, I think that Pharma is the place to focus on for the time being. Have to be careful though, particularly with testing, as there are a lot of horses in this race and a few will most probably crash along the way. If you want to diversify then a couple of less risky bets are Open Orphan (ORPH) and EKF Diagnostics (EKF). Both have already got money coming in as a result of the crisis and business will only increase in the near future. ORPH specialises in virology testing and is running Covid challenge studies. EFK is manufacturing sample collection tubes which are a key part of the testing procedure.

Hello Adam, only you can answer the question 'should I add more or should I stay put?' you shouldn't look to others for that advice, especially not on a board/index (AIM) like this where some of the posters are traders who will play you for their own gain.

This is a risky stock to be invested in. Ask yourself if you can afford to loose what you have invested because there is a very real possibility that the trial will fail, or some better alternative will come along before the drug can be produced and distributed on a large scale. If that happens then the price will crash and 70p might well become 10p. You should do your own research, decide on your appetite for risk and invest accordingly.