Minoan Share Discussion Threads

[yorgi] 10/1/2019 21:47

So true Will, "buy on rumour" is one often suggested as a time to buy. Another of course is buy when others fear to buy :-)

I still think too many are focussing on history instead of taking a cold unemotional look at the investment case from today, look at the facts, valuations and look forwards from where we are today.

[wi1l] 10/1/2019 21:38

And those that received shares for their liabilities outstanding appear to be holding back for better times - maybe they are closer to the action and have good reason to hold on ………;……̷0;……


Its all starting to add up, wheels in motion, they say buy on rumour, momentum building ...

[yorgi] 10/1/2019 21:12

Sorry about some of that Waterloo.....but the interesting part which I thought would be of interest to some was the quantity that MM's were bidding on today. It was quite extraordinary in my opinion. Iman was getting an online bid on 3m, even if it was below listed bid still meant MM's were prepared to part with almost £60k. Of course the share price was very low early on, I believe most of us would see the share price as being very low sub 3p.

It was equally odd how they pretty much "shut" up shop just before the close and were not bidding on even 5k. Whether they thought the share price had risen enough for the time being or whether they are expecting some news remains to be seen.

My gut feeling is it was more to do with the rise then expecting news but would love to be wrong. There were certainly some decent buys today but unless we get news I expect we will see some who don't have confidence in CE taking the opportunity to reduce or get out and we will see the share price drop back again.

We will see what tomorrow brings and again Monday.

[pj 1] 10/1/2019 17:17

Chart wise a break and hold over 3.6p ish would be the first positive sign for a long time. Out of little acorns...

[colinzeal] 10/1/2019 17:14

I nearly spat my tea over the keyboard when I checked the closing price. Here’s hoping there’s some news in the pipeline at long, long last.

[pj 1] 10/1/2019 17:11

Well after all the shenanigans over MM's wanting 3m stock at 25% below the advertised bid, nice to see some definite buying pressure for today at least, which for a change was not preceded by any stupid ramping and fake news being posted on twitter that I could find.

[waterloo01] 10/1/2019 16:38

I was going to complain about the number of posts about the SP, but keep it up share price seems to like it!

[yorgi] 10/1/2019 16:23

No online bid now so it looks like either price going to drop back again or news about to drop.......Could have got ahead of itself on speculation. We will see.

[yorgi] 10/1/2019 16:12

Strong bid on 100k but it does appear for the moment no on line bid for large quantities that they were bidding for earlier today.

[yorgi] 10/1/2019 16:09

Bid now 3.1p on 100k

[yorgi] 10/1/2019 16:08

Strong rise into the close as the buys continue.

[pj 1] 10/1/2019 16:06

a break and hold above 3.6 would be the first positive chart signal

[yorgi] 10/1/2019 16:04

Bid now up 2.83p on 100k

[yorgi] 10/1/2019 15:57

So is there something in the offing !

[yorgi] 10/1/2019 15:52

Edging up.

[yorgi] 10/1/2019 15:49

High volume today but not quite as high as last Friday. MM's still want stock !

[fireplace22] 10/1/2019 15:31

atlantic, why are you so emphatic about the importance of the first quarter?

[yorgi] 10/1/2019 14:57

Yes very interesting Iman, MM's prepared to pay out close on £60k for 3m shares does not suggest to me they are expecting to see bad news arriving and more to the point expect to see some good news I would have thought. Clearly view the downside far less than the potential upside.....

We will see......hopefully in the very near future.

[iman1974] 10/1/2019 14:10

I have only been here since just before t&l sale but it is biggest by far I've ever seen and I do a few dummy sells to test water most weeks.

[yorgi] 10/1/2019 14:01

MM's like any other trader buying/selling will understand their product and their market.

Perhaps we will know more over the coming days but in my mind the signs are positive but I would still like to see a higher volume of buys before feeling strongly positive.

I agree Iman at this level the reward does outweigh the risk.

[yorgi] 10/1/2019 13:56

4m.......even at a "poor price" is quite a substantial amount for MM's to take on board. In my mind clearly a sign MM's are confident. It's not often I have known MM's prepared to take on those quantities of MIN stock.

[pj 1] 10/1/2019 13:55

Well, I know of 2 who have considered selling stakes higher than that and hoping to get as good as a bag of crisps for them, as they are in effect trapped in. Never say never. the fact they offered them at such a discount indicates nothing imo,

[iman1974] 10/1/2019 13:54

Got to be worth a few quid, at these levels the reward potential far outweighs the risk in my opinion.