Every now and then, someone makes a silly comment along the lines “you cannot map AIM shares”. Quite genuinely, this sort of nonsense really irritates me as it’s right up there with “the world is flat ‘cos I’ve never been in space’.
Once again, I made the mistake of reading Regular Chat following my commentary last week against Savannah. As soon as LSE published the piece, I was subjected to hysterical invective and wryly note the share has done exactly what I had worried about, remorselessly reaching my initial target level. Hopefully the future works out as the longer term potentials remain equally valid.
Fortune Oil (LSE:FTO) has been one which bit me – in a good way. In Premium chat in the latter part of last year, I was asked to calculate a bottom potential. My sums suggested the share was heading to 7.75p no matter what and the share obliged, completely ignoring my calculations and instead, finding a floor at 8.5p.
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