Was gapped up above the LT trendline this a.m. Looking for volume to convince the move will stick. |
slightly ironic...just been advising on US media how well BMY was standing up in the recent market chaos...having a PE/small cap focus here vs. large cap/4% dividend yield is proving challenging it seems...we are not alone among small cap biotechs...just check the movements on BIOG trust etc...
nai etc |
And I thought I was rash taking my money off the table yesterday for about a 10% loss. |
The portfolio of companies that you would get for nothing currently do not make any money and would still need financing to continue though
Agreed it seems dirt cheap, but until the cash regularly rolls in or there is an event, it will remain a story stock
Still believe one day the share price will be multiples of where it currently is, that day might be next year so a health dose of patience may be required
Gla |
Crazy valuation at these levels. Trading below cash so effectively investing in the portfolio companies for nothing.
Could these BioTech Investment Trusts attract attention from hedge funds or possible takeovers ? |
I see it is bouncing off supportvagain!
Writing to IR serves no purpose - if the Co has something to announce it will.
The market is not buying the perceived undervaluation.
I thinknit may be better for them to return funds to shareholders and put the rest of the Co up for sale. |
if we go below 100 I will write to IR team to see if any updates are possible/likely |
got to be below net cash. |
Into the 129s ...come on chaps surely... |
There was a bounce to 136 p on Friday , but since then it's been weak . |
Yesterday I rightly stated it had bounced off support Friday which was obviously true. I also stated that I wasn't at all sure it would hold Monday which it didn't.(see below as you've clearly forgotten)
I was correct on both occasions and you've been left trying to save face through lies so yes I agree better for you to draw a line under this convo.
bad gateway
10 Mar '25 - 09:15 - 2915 of 2924 Edit
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yasX it clearly bounced off the LT support line I've been following Friday. Whether it will do so again in these markets is debatable and to say it definitely will isn't the hill I want to die on. |
So you accept it has been breached - well done, it has finally sunk in. Yesterday you were maintaining support had held!
There has been no significant bounce for weeks - you were merely shiftingbyour line lower each time to maintain your fallacy that the technical picture was sound.
Anyway, I think it is better for you to draw a line under this matter. |
You're the clown yasX.
As can be seen from the chart a couple of posts up the support was real and has been breached in this dire market as expected.
The only disagreement we had was you lied about the stock not bouncing from the lows Fri and then rather than apologize for your error you started to claim the obvious LT support line wasn't real. |
I am sure a certain clown will appear shortly insisting the drop this morning is yet another bounce iff his imaginary supportive trendline and that support has yet to be breached. |
Bit of perspective ..
Always good to have a cash cushion in these rare circumstances ,, |
So rather than apologize for the previous bull you've come up with more?
LT support is 132p and it didn't close on the low of the day Friday.
free stock charts from uk.advfn.com |
Long term support was 140
That was breached and unless it is recovered soon respresents a technically bearish set up.
That does not reconcile with what seems a fundamental mispricing in terms of the potential sum of the parts. |
No it didn't. Where's that coming from? Lows of the day Fri were 132-133 level. Stock closed 136 according to charts trade data here?
free stock charts from uk.advfn.com |
BD,
How so? It closed at the lows of the day so on both daily and weekly close hit year lows - and has continued to fall today. There has been no bounce off any trendline. |
Is there any floor here at all - why is there such silence from the company? |
yasX it clearly bounced off the LT support line I've been following Friday. Whether it will do so again in these markets is debatable and to say it definitely will isn't the hill I want to die on. |
BD,
There has been no bounce - it is forming new lows. |
Nice to have bounced off support. Has to get past a declining 200dsma at 164p before getting too excited about a recovery though imo. |
Not much save for collecting salaries…. |
What are the management doing here.... |
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