Member Info for TrekMadone

There was a big gap in May 19 at 3.5-4p and it got filled strongly with buy and sell volume in Feb 20. So I am now looking at a small gap at 3p in Feb 20 during the recovery being filled and then the prospects of a dip to 2.75 before we start a vert strong ‘W’ recovery, right back up to +11p.

If we are lucky the bounce could be off 3.65 support and that v small gap is ignored. If we are unlucky 3p and if we are really unlucky the bounce won’t come until 2.7!

I don’t see us forming a rats tail of decimal point SP valuations only because the fundamentals are strong, we make some money, little debt and BTC is holding up and may break out.

Looking at the angles on the chart the three main declines on the right side are all pretty parallel, turquoise line, bar the one off plunge to 2.7. However if you take that as a one off and use 3.5 as the nadir it’s pretty symmetrical.

Then when you look on the left side of the waves note how quickly the recovery back up is. This is why I think we will soon spike back up sharply.

We touched 3.7 today, near as to 3.65 so I am optimistic that that’s as near to the bottom we get.

But the question for the Chartists is does one sell some if 3.65 goes or does one sit it out. I have sold before in 6’s and bought around 4.4 as I never expected 4p to go and managed to bag a few extra shares, more luck I think.

Ignoring the spread selling at 3.6 and buying at 2.75 could net quite a few shares but that’s the point. The spread. It’s very likely to go to 0.4-0.5p giving a false drop meaning that from this level one could almost time the trade to perfection even on an intraday dip all for nothing.

I think this time I will just hold.

Hope the chart lines stay...

https://www.marketscreener.com/ARGO-BLOCKCHAIN-PLC-45184159/charts/#

Trek

£1

noix,

Thanks for that. I actually live near Plymouth! Lol!

I am not sure how long it will take to get 90 pts though.

Trek

Hi Christo,

You are right it should be a cross for that. No buts other than for me it’s the IBS that’s the big one along with the other trials. I really am not sure about the Covid trial but it’s still late like you say.

Trek

Okcomputer,

the status is recruiting but the date is now today.

I looked this morning and It still had the old date on. I can’t work out what has been changed, I thought it said recruiting previously. Perhaps they are updating it now?

Trek

Hi Jailbait,

I saw Shadypants comment re ‘good first post’ so thought i’d look for it. Well must have been a good one as it’s disappeared! Lol!

Trek

£1

Hi itsyou, HAYD a relief bounce imo. Will be sold into.

Re masks, on reflection I can’t get that excited by it unless they can develop a coating that kills the Coronavirus pathogens.

The ones DCTA have seem to be targeting retail. The £25-£30 costs in due to rewash capabilities based on disposable. They look better and have a lower carbon footprint. However, it’s going to be a crowded market with a mask for every eventuality. From football team colours to trendy camouflage to patriotic wear. Many youth retail sites give a free mask now with clothing orders or even a colour matching mask.

I am far from writing it off but I think it’s something that should be handed over to a company with marketing and distribution capabilities and not just sat on the website waiting for punters to arrive. That’s not directa’s skill. Hand it over and take a royalty.

In the medical field most masks are relatively cheap and single use. I can’t see nurses being expected to take home masks and wash them. This is were there is an opportunity imo if we can develop a cheap single use mask that doesn’t provide a home for a Coronavirus. So uses graphene plus an additive to sterilise then that could be a winner for higher risk use.

It’s in the medical field that we should be calling on the expertise of PSS and Nant. We have a huge strategic investor with knowledge and contacts in this field. Surely an opportunity.

I just think that again we cross the line with the technology and do not release the potential with the sales or are too slow. Just need to reach out.

Ps. No I haven’t sold any and no intention to as the upside here is huge but I may be penning some frustrations if i don’t see more numbers coming through quicker.

Trek

I’m on the same page as you stretch. I think there are political terms to the loan and with the situation in HK VRS find themselves playing some unwanted political football. It was one of my reasons for trading out of here and the every complex financial arrangements.

I think getting Matt walker on full time is a major win and I envisage home doing deals elsewhere so the ‘dependency’ on China becomes less. It’s been too dominant thus far.

I am not invested here atm but waiting to buy back in as the tech will imo win through. Just seeing how things pan out in aerospace & batteries given Covid. Not bothered about the sp as long the upside seems more assured. GLA.

Trek

Absolutely. SP been terrible. Often not always, but the biggest opportunities and gains are often to be had from such lows but you gotta weigh up the odds. Like...

Funding, tick,
Director Buys, Tick
Operational News Pipeline, tick
Institutional support, mmm half tick.

Why they selling. Forced selling not ops.

Opportunity! Tick Tock!

Pretty confident I’ll be on a near free carry here while some sit and drip from the sidelines.

Ps. Nice news at ONC today but their real news starts in January 21, perfect timing for a flip IMO!

Trek

Agree re Covid.

Valentech International LLP are a major distributor. I note that the distribution agreement was signed some time ago but I guess that the marketing permits take time to come through. So I expect we should get another RNS for Columbia soon.

https://markets.ft.com/data/announce/full?dockey=1323-14022537-16HG18JN9HC2D2CAD8MUPOACRN

Not sure though how the product is sold, there is also a Valentech Pharma with links to Columbia and Brazil that deal with pharmacovigilance who may have a sales force. They may or may not be the same as lots of theses sources are subscription based to find out. I guess we’ll be told soon enough about conversions but it would be good to get some sales forecasts at some point.

Just a coincidence that news arrived as the SP hit 125 on technicals, still be great to get that 138 close to open a channel up to +£2. The more going in our favour the better imo!

Trek

Lining up nicely, atm out way, Acacia out way, close period over. Newsflow. Will be a Blu finish today.

Trek

Some good clear simple explanations there for new investors and love the new vids...

All this for £11m. Wouldn’t like to think how much to build from scratch! Bonkers!

https://vimeo.com/426105791

https://argoblockchain.com/

Trek

£1

Trek

Doesn’t cost much on DMA just inter market maker change. See my earlier post.

Trek

“FCA is staffed by muppets and therefore a waste of time.”

If you report it to the market abuse email account, whatever your gripe is, they will deal. They are dealing with a compliant I made, I posted it on DDDD BB, feel free to use as an example if it helps. They have responded very positively to be fair. Atb.

Trek

Re the 1 trade lol! Check out ARB today dozens of them!

Agency cross trades.

Trek

Hi Porchefund,

yes that’s correct re RNS reach. However, some get posted on London South East after an hour or so. No idea how they decide.

From the London stock Exchange alerts page you can see the RNS type. The RNS reach one’s are in orange e.g...

https://www.londonstockexchange.com/search?searchtype=all&q=Txp

Trek

They’re type ACTX = Agency Cross Trades. So it’s a balance of previous trades. They get to agree between parties how to settle the difference. In this case one at a time!

https://docs.londonstockexchange.com/sites/default/files/documents/n4608pdf.pdf

This MiFID2 is meant to make it easier for us PI’s, well it can’t get worse than 4D Pharma (DDDD) where I have a complaint progressing (posted there) with the FCA. You really gotta have your wits about on AIM!!

Trek

£1

It’s not just the drill. This is oil. Seldom is one drill enough. There is often a sidetrack or second drill or snags. Even if they found oil they still gotta develop it and that depends on the poo. Then there’s cerps assets that need developing or selling on.

I don’t know how much more dilution this can sustain in terms of risk/reward per share. It really needs a partner to help with the costs imo.

If cerps assets are half decent then surely they can use that to tempt a partner into #P1, but unfortunately all this needs money and I am not sure there is the appetite for it in this market which is why I am surprised the BoD ‘have’ taken cerp on the books.

There must but another twist in this tail yet. Not sure what but I note that as soon as the SP hits 3p range it’s sold into. Hardly surprising at this stage of uncertainty if you bought at 2p.

One thing is for sure it’s far from boring even watching this one!

GL to all.

Trek

Add to that, people like me who were always in and now i’m out but looking in.

I guess some sad voyeur following one’s head for a change but my heart longs for the drill but no matter how much the heart yearns I can’t bring myself to buy into all this uncertainty.

A quality BoD and Finance is everything. Atm i’m not sure on either so on the sidelines and really couldn’t care less what the SP is as long as if I buy I sell for more, much more not much less!

Trek

Yes.

Trek

Hi interestking,

Thanks. The anecdotes from our honeymoon are true of which there are many. It built some great foundations for Mrs Trek and I. We were literally skint on the first day of our joint account. We had £100 cash from my dad as a wedding gift that he gave us on the morning of our wedding. I had to use some of it to buy a car battery!

As for “P.S. Anyone else having trouble typing live on the board?
Keeps crashing on me – maybe it’s getting bored with my rubbish!?”

If you are using safari or explorer it’s probably all the ads that are crashing your screen.

You can download a new browser called Brave. It’s on the App Store (secure) and it’s free. You won’t get any adds and if you are using an iPad the battery lasts a heck of a lot longer!

It’s worth doing even if you just run the LSE site on it. You can also have the option to earn tokens (BAT’s) that you can then pay them to advertisers. I don’t bother but it’s there.

I’ve been using Brave now on the iPad for a few weeks and have been impressed, it even loads the daily mail, sorry THE DAILY MAIL! Web page much quicker and think of all the cr*p that’s on there!

Atb

Trek