Amryt Pharma Share Discussion Threads

[papillon] 08/2/2018 11:47

Come on, own up! Which of you high rollers sold 1125 shares this morning @ 19.10p? That is the only trade so far today! LOL.

[papillon] 06/2/2018 23:18

Well the DOW recovered to close up 684 points. The DOW Ichimoku chart is still bullish as is that of the S&P 500. However the FTSE 100 Ichimoku chart is most definitely bearish.

[pottermagic2310] 06/2/2018 18:53

I think we're as steadily safe as ever for a few weeks more due to the predictable lack of new News, taking into consideration the well documented Business Plan.

Still think that new News will come sooner rather than later and actually feel that regardless of the outcome (for better or worse) it will be a welcome change, a break from the doldrums we've had to endure all this time.

Fingers crossed....

[papillon] 06/2/2018 16:24

Many thanks, Solomon, for your kind post.

AMYT still only down 2% on the day and currently resting on the lower Bollinger Band which might act as support.

To be fair to N4P, Solomon, it has clawed back some of it's midday losses and is currently only down 13% on the day on big volume. No doubt bulls of the stock are seeing this drop as a buying opportunity. However those who sold their N4P shares first thing this morning, when the share price was down less than 10%, probably made the correct decision. Of course the bounce back up will no doubt attract more sellers. It wouldn't surprise me to see the N4P share price fall back towards the 200 day EMA which is currently rising, but only at 10p. However that might take weeks, or months, to occur and will no doubt be influenced by newsflow. Shares rarely go too far above their 200 day EMA for any length of time without a pull back towards it.

PS. I've only very revently started following the N4P share price because of the big rise since the start of the year (Jacksopollack alerted it to me originally because he held it for a short time back in the early summer). I've never been tempted to buy N4P shares, though it would have been a far more profitable purchase back in September 2017 than AMYT! Such is life (and I wasn;t following it at the time). Another missed opportunity! LOL.

[solomon] 06/2/2018 13:51

Thanks for your reply, Papillon. Your honesty is refreshing.
Your appraisal of the N4P vs AMYT reaction to the global selloff shows that experience of market psychology is sometimes useful.

[papillon] 06/2/2018 13:02

I've followed the stock market out of interest, Solomon, but not always been invested. A wise move with the benefit of hindsight!! I've gambled on a few speculative shares, rather than investing and lost money in the process. I've had a few winners, but more losers, unfortunately! Most people who gamble on shares lose money. I read in the Guardian that 80% of punters who gamble on shares lose money.

What I've learnt over the years is that if you are going to gamble on shares never gamble more than you can afford to lose. If only I'd have learnt that lesson when I was younger!!

I have great hopes for AMYT, but I've set a strict limit on how much I'm prepared to gamble. I remember losing too much money on Matra (MTA) around 8 years ago. I was convinced an appraisal well would come up trumps (it had a greater than 50% CoS) and send the MTA share price flying upwards, but the well turned out to be the exact opposite! I did manage to claw some of that loss back a few years later by gambling on MTA again. Fortunately I sold up well before they de-listed from AIM. They are now quoted on a minor Swedish exchange, but I'm glad I'm not a holder!

My prediction on the N4P share price versus the AMYT share price this morning was just based on my experience of studying market psychology and I was right! The N4P share price is currently down 18.26% on big volume. Why? There is a lot of paper profit and speculative money built into the N4P share price (it rose from 6p to almost 30p in a matter of months). N4P was one to sell first thing this morning, because as the share price has dropped more and more shareholders have been panicked into selling to conserve their paper profits and reduce their speculative exposure. The N4P 200 day EMA is around 10p. I wouldn't be surprised to see the N4P share price gradually fall back towards that 200 day EMA.

[pottermagic2310] 06/2/2018 12:35

LOLs... maybe he used the handle "Papillon" because this is his "great escape" & bid for financial freedom after 40 years of "jail", locked-in to continuous Debt ????

Who knows... I digress... LOLs

[solomon] 06/2/2018 11:07

Papillon - I am intrigued that you have been watching the Stockmarket since the early 70's. You really are a pro. How come you ended up with just one share pick?
I am genuinely interested to know if you were in deeper and had burn't fingers or whether you just followed the markets for knowledge and entertainment.

[bazworth] 06/2/2018 10:07

Mind you, it’s all a little irrelevant if you’re in for the longer term. I’m as relaxed as a retired old newt can be!!

[greendragon777] 06/2/2018 09:53

When I checked this morning the markets had already recovered nearly 5% from it's lows in after hours trading so I went back to sleep! 😁

Good call Paps, exactly as you had predicted with N4P vAMYT. I think we did extremely well vf avoid the worst of this correction. Not out of the woods yet but a good start.

[pottermagic2310] 06/2/2018 09:29

Buy-in at the lows once everything's finished tanking in a week or so.

Fortune favours the brave !!

[papillon] 06/2/2018 09:19

Lets see how the DOW opens this afternoon, greendragon. FTSE already recovering. Lets see what the DOW futures are predicting.

[papillon] 06/2/2018 09:06

I was right, bazworth!! N4P currently down 9.57%, whilst AMYT is only down 2.26%. Over 10 times the volume in N4P.

Edit @ 9.10am: N4P now down 10.43%. Mkt Cap of N4P only half that of AMYT, but over 20 times the cash value of N4P shares traded this morning compared with AMYT. What I was saying to bazworth last night has so far proved correct. Speculators with big paper profits in recent high fliers are cashing in and closing positions (T-20's and spread bets) due to uncertain Mkt conditions.

PS. AMYT share price could drift back down to close that gap up at circa 18p, but the AMYT share price is already recovering. Now only down 2%. I hope bazworth didn't rush in an sell his AMYT shares first thing this morning. He might find it more expensive to buy back in. He should have listened to the old c*nt (me!) last night. No substitute for an old timers experience; he would benefit from my past mistakes.

[greendragon777] 06/2/2018 02:06

Ain't looking good at all right now. Japan down 7% and Europe after hours hitting 6% down. We're almost guaranteed to see a drop in AMYT in the morning (Tues).

Another day of this and the markets will be getting extremely jittery. We're knocking on the door now of a 10% correction!

[greendragon777] 06/2/2018 01:12

Looks like a 4% drop in after hours trading on the ISEQ but not sure about the LSE. We could be headed down tomorrow on the open at least but we'll see. The markets might bounce off the 50 day line but needless to say if we break through that we could be looking at a much deeper correction.

Paps, what are you reading on the TA on the main indices?

[papillon] 05/2/2018 23:41

Speculators also panic and close T-20 positions, bazworth. I imagine there will be some speculators with current T-20 positions in N4P. I very doubt if many, if any, have a current T-20 position in AMYT. Not at the moment anyway.

[papillon] 05/2/2018 23:36

I've been following the stock market since the early '70's, bazworth. That's around 46 years. In my experience the recent high fliers always suffer more than those that have gone nowhere during that time. Why? Because traders who have those big paper profits rush to turn them into cash. I'm not saying that the AMYT share price wont drift down, but I believe the share price of a recent high flier like N4P is likely to be under far more pressure as traders cash in their paper profits. We shall no doubt see what happens in what remains of this week.

[greendragon777] 05/2/2018 23:34

Haha.....hold tight Bazworth. If the interims come out positive then this correction will be insignificant.

On the other hand if they come out negative we're all goosed anyway! 😁

[bazworth] 05/2/2018 23:15

I’m already in hiding, indeed all of a quiver! If all else fails I’ll look for my CV.

I’m off!!

Cheers

[greendragon777] 05/2/2018 22:55

I agree Bazworth but one would hope that it will be minimized with AMYT for the reasons Paps mentioned. We'll find out very soon one I guess! 😞

[greendragon777] 05/2/2018 22:53

Good point Paps, hopefully that will hold true for AMYT. If the sell off in the markets does continue then the interims just couldn't come soon enough....even without the sell off they can't come soon enough! Haha

[bazworth] 05/2/2018 22:51

From my experience, they all go down!! No problem at all if your patience and nerves can take it. Best to run and hide for the next few weeks!!

[papillon] 05/2/2018 22:37

I think investors tend to err on the side of caution when markets start to slide and the stocks that suffer the most are those where traders have recently built up significant paper profits as their sp's have rocketed upwards. Those traders often sell to turn paper profits into cash. The N4P share price could be under more pressure than the AMYT share price since whereas a lot of traders in N4P have recently built up significant paper profits to which to turn into cash that is definitely NOT the case at AMYT!

[greendragon777] 05/2/2018 21:41

PS- Today's market jitters are a reminder to those who were sceptical about AMYT's placing last year even though the cash wasn't needed imminently at that time.

In the event the markets continue to tank (hopefully they won't) it would make the placing look like one of the smartest moves by AMYT management to date with clear forward thinking!

[greendragon777] 05/2/2018 21:30

Holy sh1t....some sell off in the markets this evening. Dow down more than 6% in intraday Trading and closed down over 4% (4.6% in after hours trading).

Indices across the globe taking a massive hit too. Would't be surprised if AMYT slides too if this continues. We'll be doing extremely well if me manage to avoid it altogether.

Whether the markets are correcting or it's the beginning of something much more serious remains to be seen. I would say it's the former but a correction of 10% to 15% wouldn't be too out of the ordinary for such corrections. We're already down several % since ATH and it was the S&P's biggest drop since around mid 2011.

It's gonna be an interesting day tomorrow (Tues).

Hold on folks, it might get turbulent in the days ahead! 😐

Cryptos tanking today too....but volatility is par for the course in Cryptoland! 😁