Accesso Technology Share Discussion Threads

[horndean eagle] 07/11/2018 12:25

Nice to see a bounce. Not sure how much in the way of legs it has. Buying looks retail led and the bid isn't particularly firm so any largish seller turning up likely to change things rapidly.

[gleach23] 07/11/2018 11:00

I had to put an order in to get a few @ 1760. Bit miffed I didn't press the button when offered 1655 just over an hour ago but can't complain at the bounce so far...

[shanklin] 07/11/2018 10:56

Yep, just 500 available at 1770.

[spud] 07/11/2018 10:47

Unable to buy any volume (no more than 10 shares) via the online portal indicating a demand for stock. My best guess is we'll see some pretty hefty trades going through at some point today.

spud

[alphabeta4] 07/11/2018 10:43

Haven't seen Tom W this morning :)

[spud] 07/11/2018 10:42

Looks like something grey & slimey has started to shift from the drain....

spud

[alphabeta4] 07/11/2018 10:37

Hello; intraday reversal. Are we there? Added a trade.

[tiswas] 07/11/2018 10:05

Is this a SETS stock? I am only seeing mm prices on level 2.

[chasbas] 07/11/2018 10:02

Given the high volume going through, sellers can only sell if buyers step in. Surely some institutions are selling and others buying? Market makers won't hold stock!?
RSI below 20 implying very oversold.

[spud] 07/11/2018 09:49

I suspect we'll see something if/when it breaks the 50% drop from its highs. Re shareholder support, I've dipped my hand in my pocket to the tune of about 100k thus far so count me out of that observation. It would however be nice to see some Director buys but that's down to their own individual financial circumstances. spud

[itchycrack] 07/11/2018 09:49

As a long term holder from just under 10p I'm not at all worried :-)
I will be taking full advantage of this price drop to add to my holding as and when appropriate.

[horndean eagle] 07/11/2018 09:37

New sellers turned up last yesterday afternoon I was told and no respite at present. Surprising the total lack of shareholder support from existing holders wanting to defend their positions. Company should really have put an announcement out with no reason for share price fall. Its company rather than market specific and not tied to any company release. Therefore you could justify a standalone announcement.

[pj0077] 06/11/2018 16:07

There's still a seller of 10K sitting on the offer at 1710Shares going lower until clearedNeeds an institution to step up to the buying plate

[gleach23] 06/11/2018 15:28

A lot of large trades @ 1700p and 1705p today. Looks like the point at which at least one seller is dumping...

[spud] 06/11/2018 13:50

If anyone's concerned, pick the phone up and speak to the Company, it really is that simple! I've had my assurances and that's good enough for me to continue to pick up stock. I guess because I've been invested since circa '08, I understand the Company somewhat better than the 'newcomers' who will disappear like thieves in the night once the price rises again, as it surely will. All in my option of course...spud

[alphabeta4] 06/11/2018 13:34

I would suspect we won't - we didn't in 2014 and that's fine by me, let the numbers do the talking.

[horndean eagle] 06/11/2018 13:16

One of the sellers cleared out for now. Another seller is still around but apparently their level is higher up. Think you may have seen the lows. Would expect a big bounce in due course. Would obviously be helped by company announcement but not sure we will get that given silence so far.

[alphabeta4] 06/11/2018 11:33

Looking back it went 770 to 450 during 2104 after a good run which taking c£30 as the high this time gives £17.50. Forecast eps rise of 27% makes peg around 0.9 now so that one looks ticked off too.

Should be pretty close now IMHO.

[shanklin] 06/11/2018 11:15

What have you learnt?

[ddubzy] 06/11/2018 10:56

Certainly been a massive learning curve these past few weeks. What an amazing short for those doing it!

[pj0077] 06/11/2018 10:24

Still a keen seller of 12,000 shares at 1740 sitting on the offer.. he/she seems very persistent...

[brokenbuckles] 06/11/2018 09:48

Montyhedge the note is about 6 pages of text. Mainly pushing back valuation. This isn't a 30 page note claiming accounting fraud. Valuation concerns can be resolved by a decline in share price... Which we are having.

[itchycrack] 06/11/2018 09:33

Like I said, you can short all you want - BUT - at some point you HAVE to buy back the stock. If Accesso releases some major news that sends the share price up sharply you'll get one almighty short squeeze! With Accesso you have very low liquidity which would amplify the effect massively. Knowing that short positions have to buy back at some point means you can keep buying yourself to drive up the price knowing hedge funds will have to pay more to close their position out. If another hedge fund tries this on the long side then stand back and enjoy the fireworks. Anyone remember the Porsche/VW short squeeze?

Every hedge fund I know was shorting Red Hat - until the day IBM bought them out at a huge premium and all the hedge funds got blowtorched!

[montyhedge] 06/11/2018 09:03

Those guys are very good.

[brokenbuckles] 06/11/2018 08:26

Google them. They are an 'independent' short house that sells research to hedge funds. Mainly ex Fidelity people and some accountants.