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Are you sure Graham10k, cos remember you also “got out” on the 4th on January as well??
(Your post on the 4th January)
“ Blades, for the record I decided to bite the bullet and sell up at a loss again. However, the market ain't interested in stock and won't take a decent size. Tried the lot, 110k but no good. Tried 50k and no good.”
I hope you’ve not sold shares you don’t own. This isn’t the place to open a short!! 😉
You traders are always quite fortunate, you know, getting out just before the falls and all 😂
Good post Ianfer.
So it looks like those suggesting this drop was down to a distressed seller were correct. Holding 3% of a company on a CFD is risky at the best of times, but to do it on the run up to unknown/unpredictable news is down right lunacy. Covalis have massively over leveraged by the looks of it, and they (and we) are now paying a heavy price for it, albeit probably short lived for those who still holding.
I expect this to bounce from here.
Just over another 100% from here and I’ll be at my 1p average. That’s what happens when you gradually average down, instead of just constantly moaning about everything and looking at the negatives.
Bit to get yet, but confident I’ll make a decent profit here in the end.
It may have, that’s why I said “for months” (I know you’re a stickler for details) Ffx.
If you’re looking for positives, not that you ever bother with them, how about the fact yesterday’s close was the 52 week high, or that (as your say) there appears to slight resurgence in bombed out Pharma minnows in general. That won’t fit your narrative tho unfortunately, will it?
Just buy back in and be done with it mate.
Jeez!!! That wasn’t your point Ffx. You said the Bid was “Anchored” at 0.3p. How can it be “Anchored” when this is the highest it’s closed for months, and is almost 10% higher than it closed only 2 days ago.
What exactly is you agenda here 😂
No need to apologise nickshaw. I wasn’t really having a go at anyone in particular,. It could be any one of 5 or 6 posters, that feel the need to post (state the obvious) every time we drop. As far as me posting when price goes up……you’re wrong, I don’t.
Anyway, I’ll just repost my one from 13th December, because I really can’t be bothered spending more time on this lol.
———————13th Dec
Nickshaw, No, I still don't accept that “the market doesn’t like the deal”. As I’ve said before, “the deal” clearly doesn’t suit one particular institution or individual, who appear, for whatever reason, to want (or need) to exit at pretty much any price (we’ll probably never know why).
Furthermore, I’ve not read anything anywhere that is particularly critical of The Deal, other than the fact it requires a bit more patience. More patience, doesn’t mean the deal is bad, it just means waiting a little longer (which is what PI’s don’t like).
As a snap shot of public opinion on the deal, I’ve not seen anyone on here suggest Chariot “have been ripped off”, I’ve also yet to see any of the regulars on here, post that they’ve sold out and moved on. If either had happened, you could maybe argue that the perception is that the deal was/is bad, but the bottom line is, this is the best deal for Chariot shareholders, they just don’t seem to realise it, because all they are looking at is the current share price.
GL
Agreed Bubblepoint. I said as much a few weeks back.
Would be nice to know who the seller is, and their reasons, but we’ll never find out the later, will find out the former in due course (because I think they must be a significant holder), but ultimately we can’t control either, so just need to suck it up till they’re done.
Unfortunately, until it is, we’ll have a read the daily price commentary on here 🙄🤷🏻♂️