Member Info for Velo

".. but even a drug developed in China would have to go through various lengthy procedures before being distributed in western countries..."

- Yes - If they've only discoverd the vaccine say in the past couple of weeks, then you would have to die in a pandemic whilst waiting.

(Would the world's wealthy have a black market phial of it - for a price?)

There are Coronavirus patents that have already filed at the patents offices - since 2016. Had the three key scientists names etc., but would need to search again.

I assume the 2016 onwards patents for coronavirus are for a different form of coronavirus? As Coronavirus is a broad term. This one is specifically COVID-19?

Toff-E-nozd-Git -

Is that you're reason for poor research, before posting lies about other posters?
- You make it up because it's too boring for you to find out?

Toff-E-nozd-Git @

" Velo

Fortunately I’m not all in like you (one small position) "

---------------------------

Proof positive he doesn't read my posts, but pretends he has - or he'd know.
So why does he bother?

Tsk! Geez, once you start down a rabbit hole . . . . Brought Gilead up and not surprised by its SP performance throughout the Coronavirus crisis.

It's been one of positive momentum this year and accelerated in recent weeks. Haven't done a full research but here is one share where not only would you have not lost a single penny but would be up in profit since January to currently. Fundamentals look good, but I'm not keen on their revenue and net profit since the end of 2016, although on course nicely now. No debt to speak off. Long term since the turn of the millennium there is no investment, no pension fund, that would have performed better.

A modest investment back then under $2 ($74 today) would leave you wealthy today.

It's been one of long uninterrupted rise in the SP (bottom left of screen to top right) only retracing in the 2009 crash before finally peaking in the summer of 2015) After which a damaging retrace from then down to summer 2017 and then mostly range bound - to flat lining ever since - until this year, where hallway through January it took off and hasn't ceased since, despite a somewhat volatile uptrend.

Going back to the MIB conspiracy theories. Gilead, didn't research or develop their Remdesivir antidote to Covid-19, in the US - why? They willingly handed it over to Chinese scientists to research on - over there.

Possibly because all the Asian flu, bird flu, chicken flu, Sars flu, all originated from there? Chinese bloggers reported of experimentation in Chinese laboratories as the reason for an accident and escape of a new deadly man made virus.
Deaths from the virus are reported to having fallen in their rate of increase in China. At the moment the heavy hand of a totalitarian Chinese govt is being given the credit for the reducing infection rates. . . . Hmm.

On the other hand Chinese scientists in, cahoots with Gilead, are claiming success in bio-engineering Remdesivir to their own specs and claiming success in treating some virus patients and are thus seeking to patent their antidote as a separate entity to the initial batch of Remdesivir sent to them.

So, is the infection rate in China dropping due to Chinese govt intervention?

Or - have commercial scientific researchers had the antidote all along? - As the report says they've even had time on their hands to submit and file it for a worldwide patent!

Whatever the outcome, Gilead gets a cut of the worldwide profits in fees.

And it suggests that maybe they're sitting on the antidote, awaiting patent approvals that locks in their profits before telling the world they've had a breakthrough.

If it works - get it out to the world now!

It's a fact China infection rates are reducing.

One for the MIB theorists :)

"... But now a team of Chinese scientists say they’ve improved and targeted its use — and, in a startling move, have also filed for a patent.."

In Wuhan they know scientists were experimenting and cross hatching coronviruses, hence all the online 'escaped from a laboratory a man-made virus' conspiracy posts on the Internet etc., (Could do with a Panorama programme on it).

Hi hi And for all MIB conspiracy theory addicts here's a copy paste to whet your appetite further :)
(was trying to find a 2016 patent called Coronavirus but lost the link) - instead Google threw this up published in early February:

" As a lethal coronavirus triggers a humanitarian crisis in the world’s most populous nation, who owns the rights to a potential cure?

The Bay Area’s pharmaceutical powerhouse Gilead Sciences is first in line for a Chinese patent for its drug called Remdesivir, which shows promise against the broad family of coronaviruses.

But now a team of Chinese scientists say they’ve improved and targeted its use — and, in a startling move, have also filed for a patent.

As the world braces for a pandemic, the contest for rights to the potential treatment is a test of global competition and cooperation during a trade war between two top economies. On Thursday, the World Health Organization announced 59,804 cases and more than 1,300 deaths. Almost all of the infected are in China; 15 are in the U.S.

“Each side wants to be the entity that came up with the treatment for coronavirus,” said Jacob Sherkow, professor of law at the Innovation Center for Law and Technology at New York Law School. “This is not a knockoff of a Louis Vuitton handbag,”

What’s at stake? Potentially massive revenues and reputational luster for Gilead, the $93.4 billion Foster City-based company with 3,200 Bay Area employees.

Five years ago, it sorted through 1,000 chemical compounds to find the new antiviral agent. In 2016, it filed a patent in China for Remdesivir for use against all coronaviruses, which has not yet been issued. Patent protection — and market exclusivity — is the lifeblood of drug companies such as Gilead, creating the incentive to find, test and market a medicine.

For now, Gilead is donating the drug in a clinical trial with Chinese doctors to test its safety and effectiveness in nearly 800 infected patients with pneumonia.

If both patents are granted and the drug is approved for use, the profits will be split, predict experts. And the two nations will be linked like twins to future use of the drug, with both teams exerting leverage...."

Yes, they're not "fixed" in perpetuity until they reach their expiry date.

It's based on a moving average system. They float up and down as the SP rises and wanes.

Make a note of that date and SP forecast and check in a month's time. It'll most likely have changed. And changed in line with either a rising SP or a falling Sp.

Accept the limitations of that, and It's fun. Sometimes it will knock your socks off. Others you'll be blowing rasberries at the screen.

Thank you GenZkid, and you're welcome.

Your questions and assertions -

Yes, I do classify my investing and trading strategies as that of a trend follower, but disagree with your assertion that TA is 'deeply' flawed ('has flaws' would be more acceptable).

And no more than saying for example, that fundamental investing is 'deeply' flawed because it can lead investors to realising considerable losses from time to time. All methodologies can lead to doing that. And all have flaws.

In practise 99% of my "errors" derive from failure to strictly adhere to the dominant trend for each time frame period, and jumping in too soon before indicators have fully confirmed.

Nope. Thurs May 7th for the finals, that's all between now and then, except for perhaps a slew of broker's in-house analysts consensus updates (ie., guesses). Of which the latest is overdue.

With 3 distinct quarters before each final, investors are well served by BT transparency as regards performance updates. It's the one thing BT is among the very best at. Wish all other FTSE companies would learn a lesson from BT. Some of them like VOD don't even update on pre tax profit let alone net profit in their last Q3 update. (Probably working up the courage to tell investors they have yet another year of no profit but instead another loss). Not a dicky bird on that in VOD's Q3 update.

You'll have a month to take in the finals, another month to argue over them, then it's straight into the first Q1's of the new financial year published in July - and this year closing at the end of this month, will be forgotten.

Starters orders and FTSE opened up in blue as futures suggested. US still dazed and marginally their futures slightly red.

BT comes out of the blue gate at142 currently. Small mercies and alll that : )

" A couple of posters have been recommending people jump in BT for months now,"

Eh? Really?

Care to copy'n'paste one of these "couple of posters" 'jump in' recommendations, who've been doing so "for months"?

I've not seen any confident direct recommendations to "jump in".
- Anyone else?
Seriously anyone out there reading this and agree with the fantasist about being recommended to jump in blindly, and therefore I've innocently missed those recommendations?

Everybody comes over as quite concerned to me. They KNOW the price is sinking and you play on their natural fears with your conspiracy theories hyped-up to fever pitch level. It's natural to believe a scapegoat is responsible, instead of taking a look in the mirror at one's own errors.

And you're the pied piper of blaming shadowy conspiracy figures, thus finding others only too willing to follow your fairy tale nonsense!

You really must try and differentiate between your imagination/fantasies and real life - and actually make an attempt to comprehend what you read, instead of projecting your fantasies on to the posts of others.

Fleccy, You've just got to stop deliberately upsetting every visitor to this board. You're doing it on purpose aren't you? You're making them ill with worry.

They are compelled to tell you, that you are investing incorrectly. They all, all of them, know better than you and yet you refuse to do as they instruct you to do. Time and time again!

How often must you be told? How many times?

They clearly know you are a complete innocent and they are only trying to help - so, unsolicited, they tell you how you should really be investing - their way - or it's the highway for you!

They tell you how to invest because each one of them is a successful investing billionaire and they gather as a herd to tell you endlessly, that you can't carry on investing the way you do. You must copy their way.
No if's, no but's. Their way!

Stop upsetting them!

Apologise to them all, admit they know better than you, and you didn't understand what you were doing, but now they've told you, you'll be a better man for it. You know you'll feel better telling them they are right and you are wrong, it's all they want to hear from you; your gratitude to them.

But most of all, it will make their chests swell with pride as they stride away smiling and saying to themselves:

"Ahh another one put back on the straight and narrow; we just love telling strangers where they're fkd up in life. It makes our day".

" I'm fine poundashare,I've just moved in with Fleccy."

Oh gawd! Not another 3 in a bed, job.

For night owls:

FTSE100 futures still up 1% overall. Germany has now joined the FTSE and is up too.

US futures still in stunned mode and undecided as to which way is up and which is down, and has been handed a chair to sit down and figure it out.

I will buy (trade) when it lifts out of oversold and not one second before and will pause more carefully this time until I see a good volume clear lift. So price won't be the issue.

Very true Lamtree. (Govt shackles). BT is a political football. Spot on! That's even more important than being a cash machine for this instance but a curse in every other sense.

Lamtree hasn't predicted £1. He's not that daft.

Fleccy, when someone predicts £1 simply ask them: By what date? They can't tell you. They're incapable of telling you. If you say no I don't think it'll go to £1 but it does 2 years later they'd pop up like they're Nostradamus's relative and say told you so. If I extend my long term trend lines I can give you a 3 month window of £1. If I keep extending them I could give you another 3 month window of it hitting 10p. Extending them further I'd give you a 3 month window of it hitting minus -£1. And so on until minus -£10.

Question: where does it say a down trend continues until it reaches zero and won't cease until it reaches zero?

A company does not go bankrupt on falling revenue or falling profits. It becomes insolvent due to one reason only - lack of cash. BT is still a cash making machine. Billions still being produced in profits - billions. And if it wasn't, it would do a rights Issue to raise money if the banks refused loans. As long as there's cash there will be a BT. You can't go bankrupt as long as you're producing adequate cash.

The FTSE futures are up in blue. Again too early to take seriously but there it is FTSE at near 10pm is sitting up. Will it continue overnight to morning??? Or don't we get the party invite?

They're expecting a rate cut as that's promised as the Fed's contribution to the world banks clubbing together and making an announcement they are making themselves available should any country suffer due to the virus.

Listened to a studio interview with a banking expert on these World banks and she was asked.
"What exactly have the world banks promised to do?"

She ahhed, paused, ahhhed again and slowly, very slowly, said we'll it's not so much what action they're taking. She ahhed and paused again, "it's more that they're to offer their advice and help should it be needed".

I thought this is on thinnest paper lying on the thinnest ice, built on nothing.