It is perhaps more than a little ironic that some of the best times on the stock market are when we know that many participants are away. Key examples of this are the period between Christmas and New Year, and well as now, the second half of August. Given the lay of the land, the active periods for the stock market now seem to be mimicking the school year, with holidays and half terms giving people an excuse to sit on their hands. For the FTSE 100 to stay at 8,300 plus this week, albeit helped along by the interest rate outlook and gold, is a decent achievement.
PR/IR
Speaking of achievements, I have commented before on the many so called PR / IR platforms who allege their influence to unsuspecting CEOs, with their interviews and articles. Obviously, I am in the business, and know what it is to be the CEO of a listed company. It is therefore not surprising that I do not get pitched by PR companies as they know I know how little they have to offer.
Novacyt
Indeed, this week in the form of Novacyt (NCYT), showed how much Zakstraderscafe has to offer. The Bulletin Board Heroes charting video covering the main indices, Bitcoin, Gold and small cap stock movers, has been published 6 days a week for over 10 years. On the stocks side it provides targets and stop losses on the movers of the day, as well as trying to spot the movers of tomorrow. This is by definition, not an easy feat.
Novacyt (NCYT), received a mention on Tuesday as the shares broke through their 50 day moving average in the upper 40p’s for the first time in a couple of months. The shares were also bouncing off the bottom of the recent 40p – 80p trading range, with a rising 200 day moving average. The next day they gapped higher, starting a process that delivered a rally to 90p plus by Friday. Presumably the company is delighted by the share price performance this week, although the backdrop of Mpox is of course a concern. For me, such stock analysis is better than a tip in the papers, or even a research report. At the end of the day, people just want to know where to buy and sell a stock, technical analysis can be one of the better ways of achieving this goal. Alerting people to the best potential setups, as the Bulletin Board Heroes has done well of late in companies such as Avacta (AVCT), Mosman (MSMN) and Pennpetro (PPP), can be very useful indeed, and far better than an interview / article by someone who has no interest in your company, on a platform that no serious investors have any interest in.
Neo Energy
A company whose share price soared on Tuesday, in the wake of acquisition news was Neo Energy (NEO). This is a company I know well, having attended a lunch presentation earlier this year, presented by CEO Sean Heathcote. Attending the presentation paid off, as when the shares stirred below 0.5p the previous Friday, they got a mention in the Bulletin Board Heroes and have more than doubled since. Indeed, Neo posted the coverage, which I believe has been very helpful to the cause, and rather shows how proper coverage on a proper platform works, with significant news.
CleanTech Lithium
Finally, a stock this week which I do not thing got its just deserts was CleanTech Lithium (CTL). After a delay of over a year, the Chile focused company announced it was to dual list on the ASX, and raise some A$20m. This should have been a massive fundamental coup for the company, and may still be regarded as such, given the strong appetite for lithium Down Under, and the news de-risking CTL still further.
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