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Paper still buying with workings to fill them. News is imminent surely.
As an aside, MATD looking better so in profit on the £1000 fantasy portfolio bryn.
Prospect,
I think it's healthy for a stock to have a 'breather' if you like and as nothing goes up in a straight line.
It gives an opportunity to reduce some of the holdings from lower levels and as a precursor for new base entry levels to be established by newer entrants.
It actually sets up a much stronger platform for continued growth, which indeed we can expect given the Newsflow we can expect and leading into Drilling.
I remember Tom Bulford of the old RHPS commenting on people taking profits early - his opinion was that if the price was steadily appreciating based on good expectations, that was a reassuring time to invest more and not derisk - each to their own and that was his particular viewpoint.
I think what's really good to see is the solid support at 5p and fairly mild profit taking off the previous rises - certainly points to a renewal of concerted buying again and this time to a Higher high, as is consistent with an Uptrending price and as we saw with the last bout of profit taking in the 3's.
Double figures soon imho & lots of further RNSs.
Atb
bonum,
Expect a bit of day trading mean reversion so we could finish up on the day still.
I wouldn't stress about being premature IK - it happens sometimes ;)
Greatly appreciate your contributions here and no doubt, only s matter of time that the 6-7p price level will be passed - probably this week, imho.
Atb
ive stop losses on BTC and ETH shorts but not BPC long !
We're just aping the indexes at the mo.
I may have been a bit premature with my 6 p target comments this morning - apologies.
I have been dealing in several markets and stocks this morning and trying to get a price let alone anything sensible is very very difficult.
I suspect others have found the same so impetus has been subdued for the time being.
I’ll give you an example :I shorted Wall Street a couple of days ago (no ego intended) and it took me an hour to get a firm price this a.m. to get out. Cost me a couple of grand.
Point is not easy to deal - very much tin hats on @ brokers @ the mom.
5p is holding so expect yesterday’s highs to be revisited assuming stock indices don’t go into free fall again.
Might have to wait a few days for 6/7p , excepting RNS that is.
I repeat don’t get shafted with a S/L this mkt is ripe for tree shakes if volatility prevails.
THIS IS UNEQUIVOCALLY GOING UP - MIGHT TAKE A LITTLE LONGER THAN HOPED.
GL
IK
XXX