Member Info for wyndrum

The close yesterday of 19.3p put the stock right on the cusp of being "overbought" from a TA /Chart perspective. This suggests the next move is more likely down than up. As in all shares, its never all one way and this stock cannot defy gravity forever. Having said that it could still carry on rising and just become even more overbought, however it fell back from the intraday high of 20.5p yesterday and has slipped a little this morning.

Its too early to see how this is playing out just now as the potential correction from here has not developed enough yet.

I am looking to top up further but I will wait a little while yet I think. (just my 2 cents)

I know it might sound perverse but I would rather top up at 22p say, with chart indications that rises were more likely than not, than top up now at 19.2p but expect to see lower prices rather than higher from here... If that makes sense?

Phantom, without being rude, but so what if all the sells you saw at that particular price were one seller, how does that help?

Hi Guys, I understand charts and all the rest of it, are not every body's cup of Tea, but I (without any great insight) had been saying for days last week that it was over bought and needed to come down to allow further gains.

This was always likely and again, without going too over the top, charts (which are relatively short term), just a quick look at them saves a lot of the angst about MM's and who's a seller in the wings, or someones buying, speculation. The other helpful feature even for LTB&H , is to maybe help time entry, either first time around or subsequent top ups. (just my 2 cents)

There was/is a support level at 97p. It very briefly dipped to 98p this morning and bounced upjust as quickly which augers well now for further moves upwards

D, yes very much. I really don't think fundamentals have that much to do with the SP as you know. For the LTH's, even when EVE is 50p it won't be based on its value on that day but some time in the future based on a whole load of positive projections coming to pass (which may or, may not, happen)

(That's why I think a "plan" is so important, otherwise you never sell, because next week, next month, next year, it will be better still.....And at some time you need to cash in! Well I do anyway ha ha)

Right now (and without overly labouring the point), the market can only go on what its been told. which is profit 18 months away (which is so far away as to be well, not really very positive), and cash pile will be tapped into in the meantime. Therefore "hold fire".

If news/rumour breaks that Eve is ahead of schedule then that means ,not only profits more likely but ACTUAL PROFIT coming soon) Then everything changes.

What I thought notable last year was the amount of TU's/news/RNS's that were released. Normally on a small cap like this its 2 updates a year and the other 11 months and 2 weeks is normally deadsville, incl. SP movement.

Which is partly why I can't be almost bothered to pull the trigger, its just likely to be so dull waiting. (You wait, tomorrow it will go ballistic!!!) But that's my problem, not EVE's

Mon, I think the "Simply Wall Street" link gave a very balanced view on EVE. Its still a risky company (how high that risk is, is for the individual to assess). It helps, obviously to have a good management team, but it still comes back to: is this a profitable business model?

I imagine the 10p remark is based on the company continuing to struggle to make meaningful profits in which case the cash pile (which apparently being tapped in to), reduces and the other value is the customer base EVE have.

currently the company is valued at £14m (less the £8m in the bank suggests that the rest of the company prospects and all, is valued at £6m). If ,Just for the sake of argument the cash balance falls to £4m you can see then that if the SP were to remain the same (5p) the rest of the company rises to a value of £10m.

if the SP were to be 10p then that , less this hypothetical £4m left in the bank, values the company at 24m (which is still losing money.)

What premium is a company going to put on EVE for its customer base/market share, given EVE after years and years, can't make money from it?

As long as EVE turns it around everything will be fine, but I think at best its a slow/long haul. Right now, for me, in any scenario 10p looks a fair way off, but its just my opinion, which is as fallible as everyone else's.

GL,
The SP does not represent the value of the company, it is simply a snapshot of all differing shades of opinion expressed through supply & demand of the shares sold & bought on the projected value if certain things come to pass over varying timescales.

On that basis and given you have already made the decision not to buy above 90p, I have to ask... What's your point?

Maybe Bojo, but I could have bought a couple of days ago for 116p and yesterday I bought for 109p (That's 6%) that's not nothing when the SP goes up 10 fold from here.....(or even two fold) in terms of realisable profit.

Maybe Bojo, but I could have bought a couple of days ago for 116p and yesterday I bought for 109p (That's 6%) that's not nothing when the SP goes up 10 fold from here.....(or even two fold) in terms of realisable profit.

It might seem a a bit perverse but I am delighted by todays pull back and added more at 109.25 GLA

well, if its good enough for you ,D...!

Hopefully its a calmer place than some other BB's :0))

Nope! (just rebalancing the PF)

Bought the dip today, the obvious support is 14.3 but as the RSI still leaves room for further gains I am not sure (or prepared to risk ) it will retrace that far. happy at 15.9 anyway. Can always add if it does fall back.

Personally I think that the fact it has been in overbought territory for a number of trading sessions now, is probably a drag on new buyers coming in.

my experience has always been "if not s going up, its going down" (and vice versa) and I think the move today if it holds, is necessary to future gains. Just need a bit of patience and for some with the funds, there might be an opportunity to top up at a lower price.

I have been disappointed with the time line of it but it still looks like plenty of growth to come, so I have rebalanced into almost equal thirds in to BMN and AGL over the last few weeks. (BMN is another long term play (18 months) and taken out my CGT allowance already for this year to bank some AVCT profir.

(Sorry to everyone about the OT nature but this its the only time I can speak to D! (thanks for not getting antsi about it GLA)

That's my intention D. there is nothing left to say or do now but wait (imo). Are you still in HE1?

wow! they don't give a monkey about charts then! ha ah

Just a quick thank you to all, for you indulgence about my questions that I know have vexed many, but also and more importantly, for the clarity and reasoning of the many replies.

I wish you all the very best, cheers

(Lets hope Aacta really does blow the bloody doors off!)

"Do you think China had 4636 deaths in total?" I don't doggy, you might ask PL745 is views on it though?

Apologies to all about citing India as a comparison. I was just going by the figures stated in the news report. It was not my intention to offend.