Mereo Biopharma Share Discussion Threads

[lex1000] 18/7/2007 07:45

Good morning.Yesterday buyer @ 156p of 25k paid premium to prevailing share price at the time.Leading into close on line quoted offer @ 156p.

We know there are deals in the pipeline.Wonder whether news heading Marchpoles way.

Share price movements were discussed yesterday.In my experience share prices eventually do what they are supposed to do however not necessarily at the supposed time or when you expect.Co-incidently as MPH share price cheapening Barclays have been accumulating raising their holdings from 7% to a little over 10% @ 10.43%.Funds were also buying @ 177p.

Take o/t CCT for instance,broker target price of 250p and still went down to just below 150p and recovered to 180s.MPH has also touched just below 150p despite well respected Hardman and co,who raised MPH target price from 175p to 240p.

[lex1000] 18/7/2007 07:05

momentos,haven't seen or heard from you in over 4 months.Nice to hear from you even if only to say still around and ok.regards lex ;o)

[lex1000] 17/7/2007 23:09

Todays trades on PLUS
Trade Date Trade Time Price Volume Type Consideration (p) Conditions
17/07/2007 15:20:56 154.80 6419 O 993661.20
17/07/2007 14:50:00 154.78 763 O 118097.14
17/07/2007 14:42:41 154.78 970 O 150136.60
17/07/2007 14:33:46 154.80 1602 O 247989.60
17/07/2007 13:58:01 154.84 3226 O 499513.84
17/07/2007 13:37:37 154.849 1400 O 216788.60
17/07/2007 12:00:31 154.85 4489 O 695121.65
17/07/2007 08:47:25 154.50 3537 O 546466.50
17/07/2007 11:06:58 153.10 2000 O 306200.00
17/07/2007 10:55:05 154.70 4000 O 618800.00
17/07/2007 10:54:11 153.10 409 O 62617.90
17/07/2007 10:23:06 154.45 10000 O 1544500.00
17/07/2007 09:49:44 153.00 10000 O 1530000.00
17/07/2007 09:19:27 154.80 129 O 19969.20
17/07/2007 09:14:35 154.10 5000 O 770500.00
17/07/2007 09:07:19 154.85 1732 O 268200.20
17/07/2007 08:57:00 154.80 6000 O 928800.00
17/07/2007 08:56:28 154.80 6000 O 928800.00
17/07/2007 08:51:12 154.50 2590 O 400155.00
17/07/2007 08:31:31 151.10 965 O 145811.50
17/07/2007 08:31:09 152.80 6000 O 916800.00
17/07/2007 08:12:46 149.70 4000 O 598800.00
17/07/2007 08:12:44 149.70 2000 O 299400.00
17/07/2007 08:09:45 149.40 5000 O 747000.00
17/07/2007 08:08:44 149.40 6300 O 941220.00
17/07/2007 08:08:20 149.40 1000 O 149400.00
17/07/2007 08:08:05 148.01 1000 O 148010.00
17/07/2007 08:03:35 148.01 1000 O 148010.00

[wbjunior] 17/7/2007 15:11

bletherer I would much prefer your version of events than mine otherwise the market is screwed in favour in an adverse way against the pi's. Thanks for your take on what happens to affect price movement. Hopefully there will be more buyers than sellers for a long while now.........................regards.............wbj

[bletherer] 17/7/2007 15:04

wbjunior - I just think it's "the market", not MMs, that do it, so I'd say "the price drops" not "the price is dropped"; MMs are primarily just middle-man not superpowered manipulators IMO. It's true, if an initial wave of selling pushes the price down below a certain level you will often get a secondary wave of selling caused by stop-losses being hit which will exaggerate the move. But MMs are just reacting to the fact that sells are outweighing buys, for whatever reason, and will keep dropping the price until that stops.

[wbjunior] 17/7/2007 14:57

Dropping the price to trigger stop losses and start panic selling imho..................wbj

[bletherer] 17/7/2007 14:37

dropping the price to tempt the sellers?!?! Why would a seller be tempted at 148 if he is not tempted at 150+?? Perhaps you mean "to panic the sellers", the old tree-shake routine? But that's a very over-worked idea. It gets mentioned all the time on BBs because holders are looking to justify their "hold" in the face of price weakness by supposing it is a MM trick prior to a renewed hike in the price. Although of course it would be handy for a MM if he can dupe holders into selling at lower prices when he has a large buy order to fill it's a very high-risk strategy and not one I think is actually adopted very frequently. If instead you get a "normal" market reaction and extra buyers come in at lower prices then the MM who's short of stock simply digs himself a big hole with this "tree-shake". Call me a naive fool if you want but I actually think the obvious explanation for price moves is more commonly the correct one: price rises when there's an excess of buyers and falls when there's an excess of sellers. Simple as that.

[eagle eye3] 17/7/2007 13:35

I don't think there can be many down here, all the sellers got taken out last week.

[cosnova] 17/7/2007 10:13

expect the mm's to drop back the price to temp the sellers

[kneath] 17/7/2007 09:54

Lex1000 - nice to see CCT onwards and upwards. My 2nd largest holding for which I have you to thank! Spotted that 25K - few more of those and we'll be lifting nicely.

[lex1000] 17/7/2007 09:47

25k @ 156p nice.

[lex1000] 17/7/2007 09:42

If past trends anything to go by,think we have seen mms flag up a definite buy signal this morning.Chartwise 150p is known to be a good launch pad.Watch for mid point @ 162.5p.No brainer.o/t CCT risen off 145p-150p lows and now trading back above 180p.MPH should now follow.aimvho.DYOR.

[cheaky monkey] 17/7/2007 09:36

So yesterday the amount of shares available to buy online were 25K and to sell 1K, now this morning that has changed somewhat to 10K to sell and 10K to buy.

Happy days are here again....hopefully

[kneath] 17/7/2007 09:33

Cheers - this was the first stock I ever bought - Jan/Feb 2006. So I have an emotional connection with it. Wrong, I know! But it's my security blanket - designer of course!

[dan de lion] 17/7/2007 09:30

Well done Kneath.

[kneath] 17/7/2007 09:25

Back in at 150p this am. Feels like home!

[lex1000] 17/7/2007 09:11

Interesting mms marked up share price 154p-155p.You will note absence of any trades higher than 152.80p.

[lex1000] 17/7/2007 09:07

Trades listed on PLUS

17/07/2007 08:31:31 151.10 965 O 145811.50
17/07/2007 08:31:09 152.80 6000 O 916800.00
17/07/2007 08:12:46 149.70 4000 O 598800.00
17/07/2007 08:12:44 149.70 2000 O 299400.00
17/07/2007 08:09:45 149.40 5000 O 747000.00
17/07/2007 08:08:44 149.40 6300 O 941220.00
17/07/2007 08:08:20 149.40 1000 O 149400.00
17/07/2007 08:08:05 148.01 1000 O 148010.00
17/07/2007 08:03:35 148.01 1000 O 148010.00

[jason8466] 17/7/2007 09:02

topped up .....again. soon have more than Barclays .....and WBJ lol

[lex1000] 17/7/2007 08:52

Funds accumulating buying @ 177p on the drop I believe, has to be good news.

[wbjunior] 17/7/2007 08:47

Up she goes, where she stops nobody knows...............................wbj
sight for sore eyes after the last week.

[cosnova] 17/7/2007 08:29

Hopefully, if barclays have hooved up the sells over the last couple of weeks the mm's don't have much stock and the price should get a good bounce if the buying continues,

[dan de lion] 17/7/2007 08:28

Well, it has reduced the "free float" by 3%, somewhere around 27% or less now.

[wbjunior] 17/7/2007 08:23

Lex my old friend hoping all is well with you and your getting richer.........lol................wbj
Looking better here after the Barclays build up of holding, did'nt they do well?