Member Info for Velo

Final post for the day - Meant to say, with a holding of 56.2m shares the Rex fella has as of tonight's closing price, approx �9m in shares. As Amer stands tonight at a very low MCap of just under �200m, it begs the question: from here on in, how much damage can just �9m worth of shares do to a �200m company? And does he need to sell up completely? Did he just need the bulk of the money for other distressed interests rather than every last single penny available? He might want the remaining to be sold at a decent profit. All-in-all, someone with �9m worth of shares can't be that mighty a slayer they once were - a busted flush from now on perhaps, or still mildly dangerous????

For info: Right, as of early last week, Rex Harbour was down to 56.2 million shares according to Morning Star who were quoting a news release from Amer stating his holding was now under 5% on Monday 12thFeb. Think I may have read that already somewhere on here.

Added a top-up to my initial buy today, - right near the close, literally a minute or so to go, took 16p right on the nose. Effectively doubled my holding - Brings my average up to v high 15's, so likely to lose the 15's with further top-up's, as expected. So got a nice solid base to keep a 'dog-lead' on any future buys at higher prices (or lower, if it turns out that way in the immerdiate short term) ------------------------ REQUEST: If anyone has the initial holdings that Rex Harbour had before he commenced selling, (what a great name - is he an ex P/investigator from a TV detective series or something? I can here the intro theme tune already LOL!) would you pleae post a link, or the amount, and the approx month he started unloading them, otherwise will try to work it out from percentage of all shares in circulation - been (attempting) to plot where he showed his hand - think I've nailed down the major days where he showed up, and trying to gauge his remaining stake.

For the SP to move the way it has done all in one day, today, with a company the size of PHNX would mean considerable volumes traded. And it's just astonishing figures: The long term average daily volume traded for PHNX is approx 832,000 Today's volume was indeed huge, well, well, above the average at an astonishing 4.3m ! Well over 5 times the normal volume traded. Obviously there's only one type of investor that can do that. - That's the hand of the institutions at work, when they all want.

" this is great business safe as houses ." From a past experience I get worried when investors start saying things like that.

Honestly BaysilH - I['m only catching one word in three in your posts. Peace - It's just a forum board. Can't control the world from here. I'm not wearing a white suit, nor wearing a black eye patch, nor sat stroking a white cat . I was going to add neither am I bald, but that might tbe guilding the lilly a little bit.

Now THAT I could comprehend. Keep it up. And don't be a stranger to the odd paragraph or two. Serious question: What meds are you?

BasilH - Sorry I only speak English.

leas - I attempt to "measure" all the comings and goings via the price action trends. If the SP keeps sinking past my expectations I will delay further buys until I get a handle on things - the retraces on Amer's history are a mixture of ordinary retraces and oversold conditions. - Oversolds - I can handle, if it's "him" then he's approaching exhaustion in this round of oversold retraces. Can easily play snakes and ladders with the SP if the past spikes continue into the future, and I can make money both going down as well as up, if and when the mood takes me. Don't know where the Rex guy is in his selling, nor do I care about needing to know, I have my methods of "seeing the footprints" and feel well able to see him coming on his periodic selling retraces - if - if - if it is all down to him alone, in the first place that is. Easier if it's not and it's the general market, but makes no difference to me. The trend tells tales on all. I will see the all coming.

Thanks B/Fool for the link to that Rex guy. - Need to find out more about this Rex Harbour.

Hi Ieas - Bear in mind that a 1p difference on a "penny stock" like the 15.86p buy price tonight is over a 6% difference. However, it is as you say, not that much - but I'm more than preparted for my average to end up much higher than present, maybe up at 19p/20p, average. Also I'm quite prepared to buy lower than I have at present, without berating myself for buying too early; should the SP drop significantly in the coming days/weeks. Personally, I'm not trying to buy AT the bottom - but to commence near the vicinity of the bottom. All the biographies of the great investors nearly all reply the same, to the question: 'How did you become so wealthy?' - with all choursing "By never buying at the bottom and never selling at the top". (But they did buy/sell NEAR those, just not 'at' them). Your question about looking for a floor over the past month before buying is the lament of all investors since time immorial. It's a never-ending quest, is it not? The only answer to that is something I picked up years ago, and it's this: - All investors try to be the "big man" and 'call the bottom' by risking their entire budget on the perceived bottom of a share's trajectory. But it can be disheartening if the share continues falling. I recommend breaking youir budgeted stake into 3 or 4 chunks, depending on the size of your budget, that way, the stress gets taken right out of "calling the bottom" and I find you relax more as you allow yourself to be 'wrong', and steadily get it right with multiple purchases at differing prices within your budget limits. Why does an investor have to risk their entire budget on the roll of a dice so to speak? Breaking your budgeted allotment up into several chunks , means you'll always be able to buy in the VICINITY of the bottom, without worrying about "calling the bottom" on one big investment call. And don't feel compelled to rush the buy. It's not unknown for me to take months and months to complete a buy. Who says you must decide in a moment, in a trice, do or die, and therafter live with the consequences? Breaking your stake up into chunks gives you all the time in the world.

Can't be denied, tonight's close just confirms what all holders know, that the SP is, and has been, in the grip of a firm downtrend since mid January and like someBoa Constricter/ Anaconda, just hasn't let up. Personally, I have no signals, signs, or counter trends, even so much as hinting at a change in the current situation - yet. As per normal, I've yet again broken my own guidleine rules of jumping in too early with a buy today, when I much prefer to see a trend cross to the upside and the balance of probabilities therefore means that whatever price you buy at, It's all rising anyway. Whatever - There is reasonably good news though. This isn't just any old down trend - it's deep in the heart of an oversold condition, and sooner or later, seller exhaustion always sets in. Always. It's just working out when that exhaustion kicks-in, that's the puzzler. I prefer to trend follow the momentum rather than make miscalculated guesses (but will break that guideline too in a moment) which means nearly always, usually missing the ultimate bottom when buying, and always selling well after the top has expired. Most previous oversolds in Amer are weak affairs despite the many and almost regular downtrends over the years, apart from a large oversold condition in June/July 2017 of last year that lasted approx one month. A further weaker oversold condition came in late August that resulted in the biggest SP retrace yet - and didn't find a floor until it was circa 14.5p. This current retrace has already surpassed the 16p.odd, of last December's low, which believe it or not was not the result of an oversold condition being present. So tonight's close, lies between the lowerst ever retrace of 14.5p of last August and the more recent December retrace of low 16's. Tonight's close in the 15's leaves little between the lowest ever floor of 14.5p and tonight's close. I'm expecting this oversold condition to peter out by early March latest - based on all previous similar events solely in Amer's history. But as all small print says - past performance is no guarantee of future performance blah blah etc., etc., :) I'm ratrher hoping that on this occasion it does, so looking for respite by the end of this month/early March. In the meantime, won't hurt to put another lucky chancer's computer limit-buy order in for the 14's. And if you're thinking what if the retrace doesn't end there? Well I can only repeat - all oversold conditions result in seller exhaustion, they never last that long anyway, and my best guess is within the next two weks, tops - maybe.

Saw the day's low just of 15.5p and thought, funny, no email, wonder if that should have triggered one of my computer buy-limit orders? Checks; and there it was - an email from the appropriate broker, advising of triggering my order at 15.62p a little better at below my limit-order. If the SP keeps falling, no doubt holders reading this will be pleased that all holders are under water, just like them :) - But for the moment I'm guessing I'm in at probably the lowest price so far of any holders on this board?

Let it go and stop being a right Rrs'ol. You can't even bring yourself to admit you confused high tech analysts with TA techies in the dot com era. Lol!!! Do you ever own up to your errors? In fact do you know anything at all except being pig headed?

I have no desire to "challenge" you. You are unimportant to me. That's a statement of truth not a put-down. I have neither the time nor the interest. You were incorrect in an earlier post some time ago, (p/e ratios) but I didn't challenge you as I was uninterested, as your error was irrelevant to me. Carry on with false memory syndrome of the dot com crash era if you must, but you'd be far better advised to stick to substantiated fact, that you can back up, than the utter nonsense that you poured out in that mixed up, fake-news style paragraph just to bolster a weak position. You don't strike me as someone with a close relationship with veracity in fact-checking.

What don't you understand about a post that opens with "For fun only", eh? And why did you commence your post by belittling an innocent bystander poster in your bile-laden rant? What's easyP got to do with your envy? Only this - easyP dared to have his or her own opinion. Worse easyP dared to have an open mind - something intolerable to opinions you hold dear. Must be a bag of fun in your household when it comes to personal opinions. Is it a case of - It's either your way - or the highway, I wonder? I'm guessing what's really driving your bile is my initial first post on here on 12th January where I posted of the SP: " ... However, I'm of the opinion it has days, maybe weeks at most, before it reverts back in to a downtrend (not months, but probably days - because it's overbought (and been overbought since Wednesday).... " - And within days, that's exactly what it did do. Didn't see you posting that the nice bullish uptrend from late Dec to when I posted, would terminate by mid January. How's that for as you put it "BS"? And whilst on 'BS' - You quite happily reprimand BaysilH for using similar acronyms in her posts. Hypocrite or what? You're full of it 'mate'. -------------------------- I'm calling you out on your opening paragraph as I don't believe a word of your fevered imagination. Please provide evidence/links of your assertion that 'techies' (your word) did the following: 1) "... He and George Soros were treated like has-beens by the clever techies..." and: "...I recall leading edge becoming bleeding edge and technical exerts justifying valuation of hundreds of �millions on companies with turnovers of less than a sweet shop or even no turnover based on website hits...." 2) Please provide proof/evidence/links of " *technical experts* justifying valuations of companies" If you knew one single fact of so called 'techies'(clearly you don't) it is that they never pay any heed to valuations, let alone 'justify' them.They wouldn't know how to. 3) Additionally, you sound as if you've suffered really badly with TA as you speak so painfully of finding it "BS". I know you wouldn't cover up prejudice as evidential fact, so would please tell me what TA tools you have personally used and which of them in your experience you found let you down? Clearly you speak from personal experience. If you would be so kind as to furnish me with just one single TA tool that you found to be 'BS' and the name of the share you tested it on - just one share only, I will back test the dates of your experience, to see how it occurred, and perhaps I will learn something useful from your unrewarding personal experience in using TA tools. I don't recommend TA - I just want to examine your evidence. You do have evidence, right? (PS.A wee tip - Prejudice is not evidence).

Been working out some pivot point supports/resistance for Monday. Just for fun only: - If the SP closes on or lower than 15.9p tomorrow, then IMO probably further, lower SP to come, maybe. However, if the SP closes on or above 16.5p tomorrow, then looking more likely that further cheap entry or top-up points in the SP will be harder to come by, IMO.

Almost there. 15p entry next week? Maybe not/ or maybe. Got computer limit-buy orders on the go, if so. Perhaps 16's is where it's at, who knows for sure? Been a good day for shares today. But Amer drifted fractionally lower. VIX down to 19 tonight - that's massively down on the bearish volatility of the other week and indicates returnng confidence, somewhat. But IMO normal service will only be resumed when you see it bobbing along nicely at circa 12.

"They've been consistently wrong for almost 3 full years, repeatedly" - What? What year am I in? almost 2 full years - not 3 years! Tsk! Then there's the fat-fingered 32nd March. - Happens when you do to much time-traverlling. ----------------------- Hi F/Tally, haven't forgotten you; will get that post done soon.

"...This has been the consensus forecast since the sentiment of investment analysts improved on Mar 31, 2016..." My god - Since March 32ist 2016? - 2016??? They've been consistently wrong for almost 3 full years, repeatedly? Just shows you, just because someone is a professional analyst or writing in the media - they absolutely can not know how a share's price will perform any better than anyone else. You might as well write how big a company Tesco is, it'll be true, but you won't improve your wealth creation anytime soon. Anyone can say Amer has potential - that's money for old rope. Who desires to suffer a falling in value portfolio in the meantime? Who wants to see their investments fall for 3 years instead of being guided with words to the effect back then, that a positive performance in the SP may be several years away? They didn't because they don't posess the ability of accuracy. They can offer only an opinion, like you or I. The next board I visit where an analysts prediction is held up as worthy I shall scream and scream until I'm sick. Analysts opinions are not research. Everyone on every forum thinks reading the interpretation aka their opinion of analysts constitutes research - it does not. I'd be embarrassed to have something 3 years old touting around that was utterly incorrect - what were they before becoming analysts - broken clock syndrome sufferers? Keep saying it for 3 years in the hope it'll come up roses one day? Who pays for such rubbish advice? Anyway their broken-clock day resurrection is at hand very soon now IMO. See, just an opinion, I make that clear. Just make a note of those analysts names and give their analysis of anything a wide berth. It's not needed. They're no more far sighted than anyone else when it comes to future SP expectations.But hey, if you're into confirmation bias then give their opinions weight.