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LA’s trade based on the fact there are 514m shares in issue is a drop in the ocean and would have had very little impact if any. To everyone, their trade or investment feels as though they are a major influence on the price or movement. Nothing could be more further from the truth!
For those of us who are seasoned we have seen this played out many times before and ultimately each time it has led to a profitable end. This will be no different. I think we can all agree that the current price does not reflect CLP. I think we can all agree that someone was willing to accept 4p per share within this month. I think we can all agree that the red trades we have seen today and yesterday are a majority of buys. How can you know? Simply put in a similar buy or sell trade and it will tell you the price being given.
Knigel, I think you hit the nail on the head here. Sensible price target for med term and maybe longer term (2 yrs) then we could see 6p, dependent on what the future investment plans are for CLP.
Sounds like you are still trading LimitedAccess, so obviously you'd prefer it to drop further and not rise on any positive forecasts. This is quite simply a trading gamble that will pay off if you get your timing right...or you could buy a few and tuck away until further news arises.
Either way, it's always obvious to see who is in and who is out but wanting back in. Almost laughable.
Good.luck to you all..you definitely need it? Yet you been posting here - were more positive - and now you sold out become negative! Agree though that silly targets are not needed here. Debt will be converted but it will result in extra shares. Best to have sensible achievable targets that can be reached medium term. 1-2p first. Higher perhaps later. Most here though agree the upside is potentially significant but it's a shame too many come here for an quick trade.. no, hold and wait best policy here imho
It was a reply to this: "Rabid short term trade action could send it past 10p intraday. Opps a plenty. Gonna cry over 3p+? Gimme more. Boom-shakka-lakka ;)" I raise pertinent questions over this very opaque company in an attempt to further mine, and others understanding in order to help make sounder investment decisions. Very rarely, if ever, do I get a reply that makes any sense whatsoever. I get shot down for apparently de-ramping/ramping depending on another's particular opinion.....and in the back ground I have to read posts like the one quoted above. As I said, utter nonsense. I don't know...honestly...whether this company will ever come good or not. I have traded it successfully at times, unsuccessfully at others (I lost £1250 last week here). I currently have no shares. I had a strategy based on my initial hiccup here to trade back into profit. I remain , at least interested, in re-investing....but I'm at a point where I wanted to take a closer look. The closer one looks the less enticing this company becomes. Sorry , thats my opinion right now. If it drops below .65 to buy I might be tempted to risk a few quid, but there are way too many unanswered questions, and too many posters just spouting off nonsense about technical corrections back to 1p, 3p, 10p etc etc to even merit a reply. Good luck to you all. You'll definitely need it.
Please explain LimitedIntelligence.
Utter nonsense !
This is worth a read:
https://www.siliconinvestor.com/subject.aspx?subjectid=59753