Techfinancials Share Discussion Threads

[pwhite73] 13/6/2019 08:08

upsondowns

Sorry that should have been 10/06/2019 but the answer to your question is YES as the price declines as I type.

[tomboyb] 13/6/2019 08:07

traders will sell -

[tomboyb] 13/6/2019 08:06

NMS to sell -

[upsondowns] 13/6/2019 08:02

Can you see into the future?

[pwhite73] 13/6/2019 07:56

cudmore - "Pwhite Are you stupid? Insider info??"

The markets can have inside info as they always do but they cannot have inside info that the directors are not aware about. The directors said they know of no reason for the rise. Now today the MM will still try to play the stock for they want people to assume there is no smoke without fire but over the next 24 hours volume will decline to a trickle. On 11/06/2019 there were only 8 trades on the 10/11/2019 there were none.

[cudmore] 13/6/2019 07:32

Letmepass

Holding AST are we? Good luck!

[cudmore] 13/6/2019 07:13

Letmepass

What 8.00am RNS? Do your research a bit better matey......the RNS WAS AT LUNCHTIME 😆

[cudmore] 13/6/2019 06:38

Letmepass

I was in this from 8.00am yesterday morning so how was I spiked you clown? Being up 60% is hardly spiked is it. Let’s see what you have to say when it’s revealed who was hoovering the stock up yesterday on every dip!

This is only the start here.......let’;s see where you are when it climbs another +60% today shall we.

[letmepass] 13/6/2019 01:24

Bavk to 5p then.. Well done cudmore.. Spiked again

[cudmore] 12/6/2019 23:26

Pwhite

Are you stupid? Insider info?? 🤫

[pwhite73] 12/6/2019 22:23

Zen12 - "if the market gets wind of some real news"

The directors said they 'know of no reason'. So I'm not quite show how the market can get wind of some real news that not even the directs know about.

[zen12] 12/6/2019 20:39

Can’t agree that this was p&d, certainly from the face of it. Firstly p&d’s don’t last this long and even after rns this had a lot of support until near close when MMs did the shake. Tomorrow will be telling but brace yourselves for a very interesting day, if the market gets wind of some real news. One things for certain, the rise was nothing to do with the contents of that rns.

[lb28] 12/6/2019 17:41

Check out that 415k buy from yesterday...

[pwhite73] 12/6/2019 17:16

The "know of no reason" statement would have been forced on the company by the AIM regulators. They will not tolerate a false market (100%+ rise) of this nature in any stock. Therefore the company cannot issue an RNS statement tomorrow or the day after confirming they are in talks with anybody over a takeover or that they have signed LOIs or MOUs with a potential client.

For a stake builder the most important thing is not to alert the markets they are stake building particularly in an illiquid stock like this because if they do they can end up paying well over their intended target price. 75% or the shares are not in public hands but with directors or those associated with the company. As the end of year results are out on 18/06/2019 the company is in what is known as a 'closed period' so none of them can legally buy ahead of the results.

Therefore if there is a stake builder it must be a PI or somebody else who knows more about what is going on in the company than the directors.

From what I can see this is a typical pump and dump. Once it starts on an illiquid stock it gains momentum of its own. For many traders there is nothing worse than seeing a stock multi-bag before their very eyes and they don't even have a piece of the action so they jump on board. The market markers feed the furnace by raising the price so everybody can buy but limiting the amount a trader can sell. This continues to feed on itself until it runs out of steam or the company issues a no reason RNS. Even then it does not necessarily mean the stock collapses back to unchanged or red. Many traders take the view there is never any smoke without fire and continue to buy.
But over a 24 - 48 hour period the stock eventually settles at the price before the pump and dump and the pumpers and market makers make a couple of quid.

[zen12] 12/6/2019 16:43

You’re correct in one sense, not seen a stock hold up like this following RNS. definitely more here than meets the eye.

[zen12] 12/6/2019 16:25

What on earth are these MMs playing at, manipulation at its cruelest! Is this even allowed?

[cudmore] 12/6/2019 16:20

BUY BUY BUY ready for the positive news that’s coming. Watch the herd return!

[cudmore] 12/6/2019 16:13

Get ready .......bounce back coming

[dave4545] 12/6/2019 16:11

I can not recall a time where a stock up 100%+ brought out a poor update and for hours afterwards you could still sell for similar price.

Well apart from dot com boom but that was 20 years ago now.

Anybody seen tidy or cudmore

[cudmore] 12/6/2019 16:10

Mm’s clearly manipulating things here to get cheap stock. Muppets falling gir it. Can’t buy either......wonder why that is?

[tomboyb] 12/6/2019 16:09

MMs played a blinder -

However NO redemption MMs -

It was DIRTY -

[tomboyb] 12/6/2019 16:08

Those Day trading have left it a bit late -

6.5p bid -