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There can be several reasons for the sea of red today :-
1. It’s a Friday;
2. It’s approaching May and the old adage “ Sell in May” etc
3. A large holder has found better opportunities especially as in short term the money will have been stuck here. I’m a big fan of this company myself but my goodness I could’ve made thousands on other instruments in last few weeks ( I actually have but could’vee made much more ( MAST; ADV; TLW; HMSO;) to name just a few
4. There is lots of distressed selling - margin call; end if credit etc
But basically, the daily volumes here are extremely minuscule and that’s because they’re all retail. The big investors aren’t really looking here just now - BUT THEY WILL in June and July
Stocks go down and up. If you're going to invest in the stock market and hold long you better get used to this...
opps seems a buy from yesterday. SORRY
22-Apr-21 16:34:40 3.55 1,250,000 Buy* 3.40 3.50 44.38k
Nice after hours buy, happy again, will top up Monday.
Jackdaw patience is needed in my opinion Aussie holders are selling before mxc is delisted in ASX, it's a guess. Your average is better than most of us £20k with 5p average, a sore holder....i am holding for gold where hopefully sky is the limit..gla
Hold for gold. Definitely
For me 10k is my investment and will top up as and when. I was asking why the drop, and the sea of red today. OK I buy and sell shares to make a profit like all. That does not make me a professional!!
I sit on the side-line watching various blogs most are not worthy of the time it takes for the input. This is going to be my retirement money when the time comes. Jackdaw
From your exhaustive research you should know
Shares go up, shares go down.
It's the same if you follow Amazon shares
Stop worrying, nothing has changed and is usual shares go down on good news as people sell.
Take Warren Buttet advice, buy on bad news, sell on good news
Or as is the case here, hold for Gold
£10k novice pmsl
Autocorrection is a pain.
This is my first post and usually just a watcher of this blog. I hold £10k of these shares with an average of 0.0366p. I hope to be here long term and like to top up as and when I can afford to. I have done my research big time re mxc and happy with my selection. Yet I am concerned for the drop today and the sea of red. Can anyone please enlighten me on this as I’m a novice investor compared to you guys? Thank you in advance jackdaw.