The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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just like a Ex.girl friend
People are missing a trick and not understanding this is aim.
If you think about what's going on and your experience in aim so far, the value isn't buying at the top and holding long. It hardly ever works well in this market.
It's buying in at times like now, before the news comes, banking profits and then holding a freebie to see where it goes. Those more technical will add and sell as it hovers around in its trading range to increase that freehold.
Old holders here should be thinking out with the old (that's lost them a fortune) and in with the new, to recover that and play the market as best as you can without throwing the kitchen sink in. That's how you'll recover what you might have lost here.
BH, indeed you were. To me you were fairly clear. In effect "I don't believe the long term story. But shorter term over thext few weeks/months I think it could be a decent trade".
Thats pretty much what you are saying now too.
Timeframe is always a very important consideration when considering views.
Think you’ll find I was thoroughly frank that minty and co were a bunch of wrong uns and that everyone should trade the bs froth and not the eventual reality. A reality I predicted far in advsnce! Unlike the danger to shipping crew I never believed in the tall stories. But always saw a chance to trade the story at price when it was there. Those that followed my commentary and critique on NUOG over the years will confirm this. LT included. I encouraged folk to play the froth created by the story telling not to believe in the story telling itself. Indeed I thoroughly encouraged banking of capital and profits on the road. Never believed they would pull off a fraction of the stuff the now new found altruistic brigade preached they would. And if many had (rather than listen to the perma bulls such as Ludonocluedo) takes heed they’d be significantly better off!
And the exact same applies now. The story at price not the long term oilfield realities is what to focus on.
Furthermore unlike the now rubbernecking erstwhile previous bulls I never then and don’t advocate now a heavy investment here. It’s punt money! Eat well if it does well but don’t starve if it flounders. It ain’t for your SIPP sweetie but worth taking a sipp if there’s juice in the squeeze. A significantly different approach.
The very ones that ramped folk into a disaster and major losses all the way down now want to protect holders as the old guard and their cac assets are pushed out the door and it’s now at £1m cap (at (£25m and above they were ramping it tats off)
With friends like those that were ramping the sheet into this at 15-30 times current price in the fairly recent past.
Isn’t it so thoroughly decent of Ludonocluedo n co to save you now?
A danger to punter shipping the lorra them