RE: RNS6 Aug 2020 10:07
Its puzzling to me why anybody thinks this stock is a traders "dream".
It has low volatility, (and what volatility there is generated by random,i n time terms, RNS's) high spread, and small, with potential for manipulation, share pool.
If its just a matter of a few weeks for the share price to have the potential to double, triple whatever, then why is the Sp not further ahead?
Just as an example Boohoo after their fall, if the update in Sept is as positive as many believe it will be, even with the potential bad news hanging over them, people are buying in for an 50-75% gain in the short term. (7 weeks away)
So why, when there is another positive brick in the wall with today's AVCT announcement, does the SP effectively not move (128p to sell which was yesterdays close)?
There is no doubt that AVCT will produce a test, I believe the uncertainty and reluctance of a sustained rise in the SP is due to timing. By the time AVCT release their test , the market may be flooded with similar tests.
That to me is the issue and I think the last few RNS's have all been holding/propping up the SP, trying to buy time.
But as I said the clock is ticking.