I recall a very similar RNS from COMS last year, those who sold after seeing it were the wise ones as the SP has fallen ever since. I'm not saying the same will happen here but it you have made a good profit then at very least top slice and bank some of those profits.
Scallan turned down an offer from coms for 21p per share as it was to low!! Yet now he is saying that 11.5p today was unjustified!! lol And this guy is a CEO!! And allowed to use scissors n stuff unsupervised. I suggest its time PINN got a new CEO. The company gets a BUY rated broker note. The company gets a brand new Director with top security credentials. The company gets 2 new instis onboard via a placing The company appoints Tech specialists MXCP as advisors The company CHAIRMAN makes a statement in the results that the company is so well advanced in its recovery that it is now on the acquisition trail. The company announces its much anticipated NEW web site.
ALL ALL ALL ALL ALL In the space of the last 4 weeks and today Scallan says
WE KNOW NO REASON FOR THE RISE IN THE SHARE PRICE HAHAHAHAHA
Is this an 'independent' review or paid for by Pinnacle? and released yesterday 27/10 People read broker notes and act accordingly. Why say many multiples when the moment the price starts to climb it is knocked dead by I assume another broker's guidance to pinnacle. (singer). Such a positive spin is not common and even applying sensible caution the share on the face of it would seem a reasonably safe buy.
REMEMBER Hybridian's 'many multiple's' is based on a share price of 9.75. That is why I ask the question was the broker note requested by Pinnacle? Either way the only conclusion you can reach is that Pinnacle do not agree with the broker note. Then, why did they not say so yesterday when Hybridian released their guidance. Where does this leave Hybridian. Looking stupid and worth regarding in the future??? They thought 9.75p was many times less than the price should be. They have succeeded in lowering the price to 9.5p
Must confess I was in this one at 6p (less than 1k) and sold at 7.5p. Just didn't buy back in. But as always on AIM, take your profits when a share has had a good run, especially (usually) with no news. Nearly always falls back down again. Greed is usually the way to lose money here and I should know as done it often enough! Riddler is right, this one was getting unduly pumped, although don't think it's a bad share.
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