No - i too am locked in to SYM and PTY. SYM Doubled recently but I was a fool and stayed put at 11.5 i am in BOR at 15.5 but like SYM ive far more than my chip size which is silly. Same with PTY. Im thinking ill double up MRW which i bought recently @ £2.00 the yield is so good and the value of their property portfolio alone is far more than the current share price.
I actually tend to stick with my shares for quite some time, mostly due to The fact that I buy, then they rise and I hold on thinking they will go higher, and then they drop like a rock and I get locked in. It has happened with each of my 3 holdings. BOR ECR MSMN... Although on the bright side each one of them is ready to pop and then I will hopefully see some profits thst I can re-invest. My dream scenario is ECR or MSMN take of on tod next 4-6 weeks and then I will get back in profit and buy back the 50,000 BOR stares that I sold a few months ago so I could buy into MSMN. I'm really quite happy with my spread as each company has huge potential. I would very much like to get back the £25K paper loss that I'm showing just now, but I'm not in s hurry so I won't be scared into selling, I'll do it when it suits me. How about you, are you winning ?
Mercator, you could argue the whole spike was attributed to the same scenario. Alternatively there is no news soon and it was just a good old fashion pump n dump. Your theory will be proven when the rns is published to say they have crossed the threshold again.
Let’s assume there is a fictional fund manager (I am not btw). He (or she) is in charge of a fund managing a group of client nominee accounts.
There is a fictional oil exploration company listed on the AIM which his fund has invested in. Let’s assume this fund manager has either spotted a recent change in trading pattern or possibly heard of good news coming to this fictional company, the impending news would bring a paradigm shift in the company share price.
Previously, this fund manager bought and still holds stock for his client nominee accounts in the fictional company. Because of the impending good news he decides that he would like more stock and possible some personal stock, he informs his financial chums at other firms of his plans. They decide to work together to buy as cheap as possible.
The fund manager offloads a small percent of his client nominee accounts at an average price of 9p-14p. This dumping of stock depresses this fictional company’s share price, in the process as it is marched lower, it knocks out more stops and creates panic forcing more sellers to be stopped out; a domino effect.
The fund manager & chums buy in heavy for themselves around 9p – 10p. To the ordinary investors it looks as though a fund has just dumped a large holding of stock; more panic. They think the news must be bad. Quite the contrary.
Fund manager and friends have decided they have had their fill. All that is left to be done if at all necessary, buy back the stock for the client nominee fund, buying back roughly at the price they sold, nobody bats an eyelid. They pat each other on the back, once again they have managed to transfer stock and potential profit from weak holders to savvy buyers.
As I suspected, a larger hand at work. We now know who the seller is. Bit strange to sell 2.4m just before an important 'company-making' announcement due.
We also know the sold stock has been hoover up quickly albeit at a lower price (daily volume tells us that). Question, by whom? Next question, how much stock did this released from panicked sellers and triggered stop losses.. my answer; a lot more than 2.4 million. The traits of a classic short squeeze for an entity (or group of people) to accumulate.
Incidentally, broker notes released during this period, some with ridiculous targets (3.7p), just to add panic to the mix.
The ferocity and speed of which this 'raid' was carried out leads me to believe that BOR is a sought after stock and all for the reasons we have chosen to invest.
Quick bit of TA using Fibonacci analysis. It is possible the BOR may receive an intraday low to form a hammer reversal candle. I wouldn't surprised me to see this hit 9p (Intra-day).
Good play to all buyers at the 9-11p level. Reversal soon.
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