Now Mr/Mrs 40884 has done the same - bought at 2.15p and sold at 1.60p. Trading is meant to be done the other way round - buy at 1.60p and sell at 2.15p.
Maybe these investors/traders shouldn't be just looking for a quick spike profit. Maybe they should do some research. Maybe they should hold back unless they know what they are doing. If they are going to buy on the spike maybe they should at least have some confidence in what they are buying.
The worst thing is they will be the next ones on here claiming pump and dump and bashing the share to death.
"Help, I've just bought some share that were up 25% on the day - oh. no, quick get rid of them at any price, at any loss, I don't want to be stuck with them, help, help, help...................."
And now we have the absolute, ultimate donk - a 225,227 buy at 2.20p (incidentally the highest price of the day paid so far) now sold for 1.50p (which is incidentally the lowest price of the day so far).
£5K buy and a £3.4k sell so a £1600 loss in just over 45 minutes. Obviously a herd follower - easy come, easy go.
This may even be someone reading this board.
I noticed someone do the same on BOS on 15th November, the same day the rise started over there. I even commented on the stupidity of it and I'll dig out and repost my post:
"It looks like someone bought 175,354 shares at 4.94p at 8.42am and has just sold them at 4.05p at 9.12p.
That might well be someone reading this board.
All I can say is that if the person had bothered to look at the chart and had read the recent RNS's and not been greedy (and ended up paying over the top for such a quantity and selling under the price for the same high quantity) they would not have made almost a 20% loss.
The next CLN's which start in December are convertible at not 6p like today's but at 16p - worth a hold for sure, let alone any value for the assets."
That same person could have sold those shares for 15p/16p just 10 days later.
Who knows where this is going in the next few sessions.
Cash is still over 4p per share here and I personally thought the news about the south Adriatic prospects that were applied for years ago and long forgotten about was quite positive.
Namibia is pretty much dead in the water but many a company have moved on from bad prospects and taken on new assets which have changed their fortunes completely. To me the Italian licences are just such an opportunity.
Of course I'd rather see an RNS first before a shareprice rise but at least there is the possibility of news here.
Well I see you have been a member here for just over 3 months and have contributed a grand total of either 8 (or 17 though I can only see 8) posts so you obviously are the expert and the one to start judging other posters and the one we should all listen to......................
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