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After a good run , the  price fell back quite a bit today & I don't know why. Can anyone shed some light on this price drop.           Many thanks

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@elle, I don't know the reasons why but it could be any of the following:

  • Investors pre IPO exiting
  • Investors post IPO exiting
  • Some serious profit taking from retail institutions (because they simply have to for performance targets)
  • Some serious profit taking from private investors
  • Speculators exiting on any trend reversal
  • Shorting
  • Just basically more sellers than buyers at this moment

Could the valuation have raced ahead too far without being able to justify it? Was it simply overvalued?

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Hi @elle

I do not follow this share so do not have specific information, but your question reminded me of this from @rimmy2000 that I read recently and found really informative:

 

 

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thanks for the replies,  you're very kind . I just thought that due to the size of the move, there was some news

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If I knew, I wouldn't have asked   !!!!!

Obviously a channel break  - recent director sell,  had quite a run    etc     -  but that's quite a move

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posted on this recently .... bit early on that sell order but not bad.

Currently 300 points in profit. Was tempted to add at 4000 to the short but didn't...  worried about a break. My post below may provide some insight. It's trading pretty aggressive for the fundamentals and balance sheet.

 

Edited by cryptotrader
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On 04/10/2018 at 20:49, TrendFollower said:

@elle, why do you think the price dropped?

What are your thoughts?

Profit taking I think. Markets a bit wobbly and people turning to cash? highly rated share, so risk is high at these levels, imo.

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Profit taking and a solid trend suddenly broken. People have been running this on the upside by waiting for a get out. Guess that time was now. 

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fevertree actually tanking today. Chart below shows entry price of 3650 but not correct date of entry. Seeing what tomorrow brings but likely to close significant proportion

1712927594_FevertreeDrinksPLC_20181010_16_51.png.6f44dea598697fc2a5853385ed84959c.png

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    • @cryptotrader wrote (in Silver Bullet thread): "I've always thought that cryptos are completely unrelated to other asset types which is why they're so difficult to price. Everything else has the inter-connectivity between themselves (Fed IR effect USD 'value', which knocks on to USD denominated assets, which leads into equities, re-positioning etc) but always thought crypto is a world unto its own. Linked to cost of production - electricity, CPU costs etc." I think the notion that crypto is something apart from the rest of the financial world is a concept that pervaded the first internet boom; the idea that the internet was going to change the nature of business and society by providing free access to everything and there for traditional business models would fail.  Instead the first internet boom failed, well hardly surprising as all those budding entrepreneurs forgot that you have to make money by charging for goods or services to become a millionaire (although a few clearly did purely off the back of selling out early enough - which is a watch out now on crypto for anyone invested for the long term).  Out of the ashes rose the second internet (or tech) boom but interestingly the winners were those that effectively adopted traditional business models (i.e. the need to make profits and generate positive cashflows - duh!).  The share prices are now massively over inflated of course but that is just financial market forces (the markets can remain irrational longer than we can remain solvent, kind of thing) rather than anything intrinsically wrong with their business models.  Now that these businesses are profitable and hold masses of cash (masses!!!) they can withstand a major downturn, perhaps better than some other more traditional sectors, and be positioned well for the eventual recovery.  It is this recover where I think we will see the really discontinuous tech disruption, the next leap forward.  This is what happened after the first internet bubble burst.  It is after the crash and clear out that we will see Crypto, or rather the blockchain type technology, become mainstream in terms of replacing physical cash, this is the end game, not some nirvana of a non FIAT collective new age hippie dippy free of politics currency (or set of currencies) that everyone will use free of government control - you might as well just howl at the moon as think that is ever going to happen. As regards you comment about Crypto being apart, well how do you buy or invest in Crypto?  With cash of course.  And how it is currently "valued" in the markets?  In USD, hmm... The real problems at present for Crypto, and the reasons it will all end in tears until the next iteration are (for me): There are too many Cryptos, until it is mainstream (i.e. the tech backing electronic FIAT currency, which is the root of the concept of currency right back to the earliest days of non precious metal currency (i.e. the right to exchange a paper bill for gold) it is the wild west. Ordinary people are not using Crypto as a currency, it does not have wide adoption It will not get wide adoption until it is better understood and backed by something normal people recognise as sound (i.e. governments) There isn't sufficient liquidity for wide adoption and consequently the price of a bitcoin is too high for a normal person to use it (similar problem with Gold BTW, which is why I prefer Silver for true disaster insurance and consequently hold physical silver coins) The price is too high and too volatile, it is in the hands of speculators - hence it is a mania The idea that Crypto is a store of value is laughable.  When the $£!& hits the fan people will buy Gold and Silver and USD and Yen, things they understand and can cling to in an uncertain world.  They will not buy bitcoin.  Even if they wanted to how can any normal person buy bitcoin at $50,000 per coin?  Barking mad the whole thing - but this is what I expect at the end of the cycle so carry..!    
    • Unfortunately i am no longer able to continue giving these updates. Alas our fun journey ends here, my fingernails are intact @Caseynotes, lol I will be here still in the forums. Thanks all for your input. DJ  
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