Summit Therapeutics Share Discussion Threads

[chrisatrdg] 06/10/2016 14:10

Hi Hugus Maximus - As previously posted I did follow my position & sold some 11% on Tuesday as I did not want another 19p day per 3 years ago now waiting for the next news flow i.e. C-Diff & going to £3.However I expected some redress in share price but once again not what is happening now.Next time I will sell double my planned amount on a spike & gamble the share price goes down again to Buy back in which I have not tried before.Hey Ho at least I can now pay off Barclaycard & other debts from shares sold this week.I still have faith but hope it will not be another 3 year wait.Regards to all.

[luminoso] 06/10/2016 13:31

No idea. I have retired myself from share price predictions !

[makingmillions] 06/10/2016 13:26

So what price should this settle to following the current news.?

[luminoso] 06/10/2016 13:16

I think also that some people may remember the 20p/£4 spike a few years ago and regret not selling at that point. They may have promised themselves they would not make that mistake again ! The thing is each situation is different. At that time, the news was not as substantial as this recent news. Also there is news on RDZ to come, presumably followed by news on EZD trial. However, share dealing is a psychological/emotional game and such factors can be over-ridden by the fear of the same thing happening again.
Edit. And the MMs are probably well aware of this !

[hugus maximus] 06/10/2016 12:45

At what point will there be serious resistance to the level of selling?

AIM seems all about short term with a share like this and when the share price went up, it was propelled by many who had little intention of waiting for Summit's next big news day.

[curlly] 06/10/2016 12:08

keep that news coming

[insideryou] 06/10/2016 12:03

Aim is a money printing machine for the sharks in dark glasses. Why rob a bank when u can do it behind a plethora of screens and be applauded for it?

[hugus maximus] 06/10/2016 11:55

The NASDAQ seems to have a stronger view of this share than AIM!

[sorrento06] 06/10/2016 11:35

RNS after 12?

[sorrento06] 06/10/2016 11:35

Someone sold 4 shares!

[joe shone] 06/10/2016 11:18

yes sorrento.i just saw that,5914 joe

[sorrento06] 06/10/2016 11:06

Just bought another 5000 shares and it's listed as a sell???

[tsmith2] 06/10/2016 09:23

Way too my too much hot money here at mo. Interested but not at these prices

[tightfist] 06/10/2016 08:37

Hyper,O/T: How long ago did you transfer to the SIPP? Acceptable practice has changed considerably over the years (as the intrinsic value of Final Salary schemes has become increasingly recognised).

[sorrento06] 05/10/2016 23:58

Hyper, are you on a platform? Did you receive advice. Either way, you could benefit from compensation as platforms wouldn't allow you to transfer from a final salary scheme now. Speak to the ombudsman for guidance. (Wealth guy)

[luminoso] 05/10/2016 18:37

Ha Ha. That tickled me. The Top Traders thread mob will be back on here when the next news hits and the third wave starts, which could be more substantial than the two we have had. So much to come that is not in the price. Happy days.

[waterloo01] 05/10/2016 16:22

Traders. Too much of a merry-go-round for me. They hop on and off momentum like nervous junkies. (The UK has nothing on the US where there will be 100's of traders jumping in and out of SMMT).

Here's how a classic example describes his approach: " Automated charts from intraday scanner. Prop trader on north American mkts. Do your own DD.My trading time frame is ~20 minutes".

Edit: He went short for exactly 25mins and has just now gone long. Twitchy.