Disappointing drop after some good momentum. |
Someone is dumping shares |
Quite a lot going on in the background IMHO.
An institution is accumulating on the bid (about 1p higher than quoted) so any sellers easily mopped up.
Any buyers now have to pay up, so doesn't look like there is a stock overhang.
If you bought on the breakout at 42p then best to sit tight.
Hopefully the UK market will give us plenty of opportunities like this over the next 12 months :-)) |
who lit the touch paper? |
The reason the bid price was strong last week was due to a consistent buyer trying to accumulate stock.
I was a buyer on the LSE Orderbook but every time I increased the bid, the buyer automatically increased their bid ahead of mine.
I increased the bid by 0.5p at one stage but the buyer still wouldn't be out bid.
Despite the recent strong share price performance, 46p is just a tad above the recent placing, so still plenty to play for here IMHO. |
Thanks Rimau adds some decent demand |
btw
my post from 24 Jan.
"btw
not shown on the chart on ADVFN but the price to sell, moved up yesterday
...& again today (41.4p, 41.8p, 42.2p, 42.4p, 42.6p)"
it has worked out very for them
imo a MM was building up a holding for someone or an insti.....
or for SCSW ??!!
although the time to buy was a big stake was at 29p. (I managed to buy some, very unusual for me to get in at the low)
Is SCSW allowed to buy shares it tips ? before its tip getting published ?
Well, someone(s) accumulating a biggish holding at 42p in late January, its a good/positive sign.
-----
At a different share yesterday or Wednesday, RNS of dir. share buy at 07:00, RNS of material info then issued at ~10:30 lifting the share price. So the dir. appears to have bought minutes before the news. Insider dealing ?
UK stk mkt regulation/control ?
it's non-existant ! |
well said "rimau1"
maybe us non-subscribers should send SCSW a voucher for a free beer or 2 !? |
Thank you SCSW, tipped twice in the last 2 issues by all accounts. |
Chart breakout this morning at 44-46p |
wow...going straight up ! |
nice bowl forming on chart. looks good for 50-60p me thinks DYOR |
Ali47fish
good point
======
....sometimes it feels like society has gone down the toilet
....lots of knife crime, police 'allow' stealing from shops, apparently almost impossible to get an ambulance in an emergency, a % of society are perhaps regular drug users (& Colombia, Afghanistan, Morocco struggle to keep up with the demand !)
& morals.... revealing tipsters tips (when they need it to be confidential so that ppl pay to receive the tipsheet)
& of course spelling on share forums, it seems like 90% of posters don't know simple English ( their, there, they're; were & where; to & too....)
:-( |
both of the above posts should not be divulging what the maf is publishin good or bad and should be ashamed |
SCSW agrees with the broker stating that the launch of AGP "could help unlock equity value totalling multiples of the current market cap" and has a buy recommendation in this month's issue. |
There has been a big article in SCSW on Argentex in its February report.
Argentex is launching its Global platform for FX dealing this summer which could herald a major share recovery(it has already spent the money to set up the platform)
The comparison is with Alpha Group , a similar outfit,which has shot up over time from 196p to over £26. |
Richard Staveley commentary @ 32:55 - |
Cap. value now just a smidge below the NTAV (if one excludes future years of lease costs)
as discussed in post 1103
so, it's still cheap imo |
One relatively small seller QS99, now cleared, strong buying this am, needs to clear 43p and then up to 60p imho. Strong buying this am. |
...not ideal...
..but I guess that a pullback was possible since it had risen quickly from a selling price of ~36p to ~42p, & in 2 quick steps from 28p to 42p, +50%.
42-44p was much better.
hopefully it will rise back to 42p, ...how many days it might take, no idea. |
12% off seems a bit odd? DYOR |
btw
not shown on the chart on ADVFN but the price to sell, moved up yesterday
...& again today (41.4p, 41.8p, 42.2p, 42.4p, 42.6p).
Why is the data wrong on advfn for quoted price, % change for the day ?
no idea. |
 (ali47fish
btw. why would MMs give the quoted price range as 40.6-42.6 if the trades are happening at 41.2-42.3 ?
imo
a) if the price is moving up & a lot of buy trades have gone thru
....a bigger spread (~5%) puts off some possible buyers from buying, giving the MMs a better chance to receive some sell trades to balance up their books.
b) imo, a possible seller might see the quoted sell price of 40.6p, & when he gets quoted 41.2p he might think it is a great deal & confirm the sell trade, & perhaps sell more shares than he would otherwise.
----
but of course reading the intraday chart for price & volume etc, can be very unreliable, MMs are usually experienced experts (who get sacked if they lose money !!) who might move the price up or down etc etc to suit their needs, not the needs of a share buyer/seller.
oh, & for some shares the shares might be traded on another mkt, eg. Aquis.
A MM could then put all sell trades through the AIM mkt & buy trades through the Aquis mkt. Virtually no one ever looks at trades happening on Aquis mkt. Ppl looking only at trades on the AIM mkt would think that only sell trades were happening, which might worry them & encourage them to also sell. While in fact the MM might be doing buy trades thru Aquis.
...MMs are allowed to play lots of games, including buying shares for themselves ! (& yes, for that they want the price to be low)
(To move the price up or down, just do the last trade of the day, moving the price up or down as you want. If repeat every day, the price for illiquid shares can be markedly moved) |
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