Member Info for You_Having_a_Laugh

Volume needed to recover this, any recovery on low volume will be shaky.

Therefore, where will the volume come from and why?

As for comparison to Dotcom Boom, let's hope not. Look how long the companies that later became darlings took to recover (& some didn't). Depending on who you look at it was 8-12 years.

There is a chance someone got a nasty margin call and had to sell to help cover. We are also entering a period when that could become more common too. An operator in that condition is unlikely to come back soon.

It's half year too next week, book tidying might account for some of it and positioning for an expected brutal H2 as rates take their toll and money goes to guaranteed returns. Money is exiting, notice the trends on the UK indexes and the majority of the SP500 except the top 10.

Will a wider shoe drop happen? From what I see I think >50% chance and Grow is just a canary.

Not a time to be a hero.

The last 2 days of last week had decent downside volumes. Look at the volumes of Thurs/Fri vs many other preceeding days. I can't see that being reversed quickly. Someone wanted out and the buyer was in control.

It ended the week on the low at little strength. Where is compensating buying pressure going to come from to reverse that?

PI's are becoming exhausted and running out of powder after buying on the way down, it's summer and the big money is sitting in safety.

A rotation is in play and someone has been distributing shares and probably taking the losses for tax. Perhaps they will come back after 30 days? Hard to imagine though. What's the rush as this will be dead in the water for a while bouncing along some bottom waiting for new positive volumes (buying) brought about because it becomes so massively undervalued or a catalyst occurs, or both. It will probably see selling pressure on any recovery until all the disillusioned and bounce traders are removed.

No reason to by now unless you are a trader or very, very patient and ignore it if it falls further.

The TA looks awful.

A good chance of a bounce from oversold which will help traders (RSI on the weekly is low but still going down) and give the disillusioned another chance to exit but a bounce is all it may be as that selling will depress the upward momentum.

All the major averages trending lower and this has not run convincingly in the past until above the 200wk EMA that is over 520p currently.

Bounce possible, reasonable buy and hold run up looks highly unlikely.

A long consolidation in a narrow range will help but not very pleasant to hold for the duration. I come across as doomster but that is what I see and not what people want to read.

If trending up and taking a breather a consolidation could be as short as 6 weeks. In a case like this it's often much longer to ring out the late sellers and can be many months before a convincing turn occurs and not just a twitchy bounce. I sat in one for nearly 3 years when younger then made a 6 bagger but only because I had no choice. I don't want to repeat that wait. Much better to miss the first move off bottom and buy when it's clear it's on a longer term up.

GLA and I wish you well.

Opportunity cost weighs when stuck in something dead in the water. Personally, I would wait for a turn in the price. You miss a little increase but get a better probability of return. Until there is evidence it has turned you can not be 100% sure it won't drop further, another 5-10%, you can miss months of return elsewhere and risk reaching a point where you capitulate because the emotional burden of losses and dead money is high.

Turn sign posted by MACD positive on the weekly chart and 10 week ema crosses 20 week ema. Not perfect but can identify a turn.

React, don't predict, can be less stressful and help the averaging up mentality. Price movements tend to reinforce themselves up and down.

I'm not convinced this is fully bottomed yet, not far off perhaps.

It will improve.

It appears purely liquidity driven and liquidity is drying up and not hit bottom yet. Money is find a better return or safety elsewhere. The Autumn may be brutal before it improves

These consolidations have been known to run for 36 months.

9-36 months sort of range and with 5% possible on low risk there's no need to rush.

24 months+ no surprise here.

Let's hope very few people watch the Mark Ritchie interview. A company in the energy sector with a CFO appearing to lack any.

In a case like this the debt holders will need to be satisfied first and I cant see any way the shareholders will get a look in for at least a year. The debt of the company you hold might reduce but that's not likely to show up in the sp by any worthwhile amount.

A long term hold for those unwillingly ro bite the bullet and move on to better pastures.

GLA.

The revenue to ANX is underwhelming and it's clear why DBAY didn't take this private. Avoid, even as a bounce scenario in my opinion. Not worth the risk and the debt situation is a real concern that's not going away and they will be working to pay that down for ages. Whatever the final sum from the case to ANX it ain't heading to the investors but the debt holders.

Debt.

Large players circling. Press release around 18th May to that effect.

Anyone who sold as the FD resigned would have saved themselves a few bob in losses and more pain.

Just look at the debt increase and funding. Amazing. At this point in the debt cycle it should be priority to get it down. FD probably made his opinion clear and had no choice but to walk as he didn't want to be associated with it, wasn't listened to and its very career limiting to be on the bridge of a sinking ship. Doesnt matter to an old captain but really bad for anyone under 60.

FDs know the state and the score and he resigned, wasn't fired.

Good luck.

As soon as you see an FD resign at short notice before results, runaway. A basket case. No excuses can cover up for the debt increases. It is nothing more than a mess but, hey, VW will make it all better and get it back towards £1.10 perhaps.

A real avoid.

You got it!

Don't have to short, just wait.
Been right so far on this.
Cash will increase in value vs GROW stock.
Time to jump in will come, but not yet.

Running to standstill. Don't see this as particularly active enough to drive price very much higher any time soon.