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Still holding and will be topping up, but can see it dropping a bit further before bouncing
@NuckyT
ALM is just suffering as part of the overall correction in the stock markets; it's not due to any specific negative sentiment to this share. The fundamentals that encouraged us to invest are still the same, if not significantly improved in the last month or so due to the positive news from Federated Wireless. Coronavirus is not the cause of the decline per se, but the markets have been bullish for some time and are probably overdue a correction downwards according to many commentators.
"Something causes a bad-news panic to begin in an overbought/over-believed market. The computers do their thing and a waterfall decline ensues. Within a few days/weeks, prices wind up going too far. Then, out of the blue - and usually when the outlook is the darkest - something good comes along (friendly Fedspeak for example). Next the V-bottom occurs. And within days, the indices are right back to where they started. Such is the way the game is played these days."
https://seekingalpha.com/article/4327016-fear-arrived-plan?utm_medium=email&utm_source=seeking_alpha&mail_subject=must-read-fear-has-arrived-what-s-the-plan&utm_campaign=nl-must-read&utm_content=link-0
What insightful advice do you listen to Nix? Any on this forum has so far been wrong. Insightful not required SP is woeful
Yet again, thanks for the insightful advice NuckyT ;)
Don’t waste your time. It this stock was going up it would’ve by now
Bargain would be in the 24p - 28p range. Time will tell. I am not invested here so only watching and waiting (which may be in vain!)
bargain at these levels. bought 1 x 10k and 1 x 5k. But showing as sells for some reason