Member Info for TraderBuckie

Well you couldn't make it up.....I had just finished typing that message when my partner came in the room telling me that someone at work has just tested positive for Covid. My partner was in contact with this person on Friday and so she is now ringing around frantically trying to get a test. How many times will this happen over the next 12 - 24 months worldwide!?

"If it was so brilliant it wouldn't be 50p"

You may need to understand the concept of trading/investing. People try and identify stock which will in time rise.....and that is it in a nutshell. Traders want it to rise instantly and investors aren't that fussed.....though both obviously like upward movement once you are in a stock.

Everyone tries to identify a stock to get into. It may already have upward momentum and is rising and you believe it will continue to rise and you want to get on board. Nothing wrong with identifying a stock which is currently out of favour and falling (as ODX currently is) but still has potential to turn around and rise again and you want to get on board.

In relation to ODX I am 99% sure there has been massive volumes of shares being offloaded by L&G and Sneller coupled with bearish sentiment among most stock in this sector due to the vaccine news, the latter news regarding the vaccines ironically will turn out very bullish long term for ODX. The supply in this stock has massively outweighed demand and the fall has happened. Once the above is in our rear view mirror (and it may not be yet) then this will head north strongly.

Timing is key to trading and investing and I defy anybody to honestly think they are perfect with their timing....IT IS NOT POSSIBLE TO PERFECTLY TIME YOUR ENTRY AND EXIT CONSTANTLY! What trading shares has taught me is that if I sell at a higher price than I bought for then I am a successful trader/investor. My entry will never be at the bottom and my exit will never be at the top. I achieved this throughout the spring/summer and RR was the first time I bailed at a loss and didn't follow the plan....had I followed it I would have maintained my 100% record.

Never fret and beat yourself up that you did not get in at the bottom and that you exited too early and there was much more profit to make. As long as you are making money. If you do beat yourself up and continue to look back on your decisions with regret then get out of this game....it is not for you and is doing you harm!

I got out of RR at the wrong time due to lack of judgement and conviction. I bailed at £1.10 due to people like you saying if this was any good why is it only £1.10!!! and it is going down to 36p!!!!

It never did go much lower than £1.10 and the RI never had the negative impact that all the de-rampers were predicting. Check the charts, it has tripled its value since then but unfortunately not with me on board due to folks like you.

Now i ain't missing the turn of ODX, and it will turn, and it may go lower before it does turn, but mark my words it WILL TURN. When it does the likes of you will be nowhere on the horizon.

It's only money.....there are people dying out there!

Anyway, to pick your spirits up I will tell you of my plight........

I stopped trading a few years ago as i was just treading water but saw an opportunity when the markets crashed this year so got back in. I only buy and go long on stock, I never short anymore. Did fantastically well with quick in and outs probably holding stock for no more than 3 or 4 days. I then got hooked on RR as it was a good volatile share to trade. Lost a bit of my gains as it dropped heavy prior to the RI.

Some nice person on this BB came over to the RR board to promote ODX and my head was turned. I sold my large RR holding at £1.10.....(for those who do not know this was the BOTTOM!)

I placed my funds into ODX at more or less the high. (Check the charts....the RR low correlates to the ODX high)

I began to average down as ODX took a nose dive and I have ran out of funds to average down any more.

My large average holding sits at 81p.

All my choice, so it's on me.

Hope this cheers someone up as we do like to hear stories of other peoples misfortunes when you are under the pump.

Also I am holding and this baby will turn eventually. It is not "if" I recover my money but simply "when".

Article from Sharebuyers.......8th Oct.

When house broker finnCap issued an updated broker note that Omega Diagnostics will receive paltry revenues of £5.7m until the end of the financial year from the UK RTC, it understandably sent alarm bells ringing.

Why would a house broker issue such a downbeat update on its own client many asked – excluding other revenue streams and proposed ramp ups in capacity.

We were also questioning as to why a leading AIM broker appears to be struggling to make a forecast with any degree of accuracy on its own client – Omega Diagnostics is not a complex business in terms of its structure or potential immediate opportunities.

Therefore, we decided to do a little quick number crunching of our own which should give finnCap a helping hand in understanding the general areas to hone in on when it comes to making a new forecast and giving investors the information they need. Our model below assumes the following:

There are 19 weeks remaining until Omega consolidates its financials
finnCap’s COVID-19 excluding revenue estimate of £12.6m is accurate. We assume it will make £1.6m net profit on this from historical margins.
A constant production of 200,000 tests for the UK RTC for the next 19 weeks – receiving £1.50 per test with a net profit of 40%.
From week 10, Omega’s overall capacity increases to 500,000
From week 10, it produces 300,000 tests per week for Mologic or Avacta – receiving £4 per test with a net profit of 40%.
From week 14, Omega’s overall capacity increases to 1,000,000 tests per week
From week 14, Omega produces 800,000 tests per week for Mologic or Avacta – receiving £4 per test with a net profit of 40%.
General assumptions; the UK RTC held back how much it could charge, it will be charging Mologic / Avacta more for production. Demand will be there from Mologic or Avacta to fill capacity on a week-by-week basis.
So where does all of the above leave the revenue and profit from ODX by the end of the financial year potentially?

Revenue = £43.1m and Profit = £13.8m