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Where do we think it will end today?
It seems to be absorbing the big drops well and then bouncing back
Wouldn’t surprise me to see a slight rise into the close today.
Fri PM drop, people get out at the weekend. I'll just hold
Can't believe this was 19p on Tuesday...what a week
No fundamental reason for the drop either - just profit taking IMO
Nothing goes up in a straight line... will probably attack high teens again next week.
I don't think so...they will try to exhaust holders and drop it back to 9-10p. then it'll suddenly double.
I'm still in profit on Amigo, but glad I scooped the cream off the top when I did. I'm quite chilled now. More shares will be added through my savings plan and I can adjust everything in there throughout the month, up to the cut-off date. My new adventure is looking great, too and that one is a RLTH (Really Long Term Hold) :-) . I'm just happy that I found a way to reign in the emotional stress factor Amigo was causing in my portfolio, by having secured the initial investment plus a small profit. So, should Amigo go completely combust, which I doubt it will, then technically I haven't lost a penny.
If you look at the chart across the last two days the intra-day low was on the 4th at 12.39. This afternoon we have seen a series of wedge formation form in short order with a low of circa 12.8. Could go lower but the wedge formation to me suggests that we could be bottoming out. What the volatility further is, whether it threads water or rebounds quickly who knows given the wide swings. However a return to mid-teens seems likely at some point early next week.
All I know is that if I try to sell a few 000s of shares, when the time comes buying them back will be dead hard so I'd rather hold on to my golden tickets. I 100% guarantee this board will have folk moaning about how they couldn't buy when they go up etc.
Not a flipper - exactly right.
It bounced on the 61.8 fib... if we do dip down to 10p it would be intraday and given we’re closing over last weekly close, nothing to suggest it’ll happen.
Unless there’s a huge flurry of selling, which seems unlikely if you look at the volumes, selling has slowed.
FrankyS, yes, I can see this from your point of view, but I was beginning to feel really stressed out about Amigo and at times emotionally drained. Even to the stage that of finding it difficult to sleep. I have therefore decided to edge forward with a solid foundation and the majority of my investments being more predictable than Amigo is right now. I hope for everybody here, including myself, that Amigo and all there other investments will be life-changing, but I also realised I can't enforce that, no matter how much I pump into one share and how much I stress over it. I won't regret my move, either. Springtime is coming, I'll be pottering in our garden and in the evening enjoying a glass of wine, of which I will order a box through my newest investment :-)
Mouse - having just dipped my toes in this morning with a small holding, I'm just about to sign up for the wine service too. Seems silly to be invested and then not enjoy the product!
Topped up on AMGO this morning at a slightly higher price than we now sit at. Won't complain as my average is still only 10.3p, so I'm still nicely in profit overall.
GazJJ :-) I know, I've seen you :-) Yes, we enjoy a glass of wine in the evening, so makes sense to invest into the company and order through them, rather than trying to find a good bottle in the endless shelves of supermarkets lol.
And whilst Amigo is swinging back and forth and will continue to do so until court hearing, I just got myself into PMO, KAZ and VVO yesterday. Nice progress within one day made on two of them. Something to watch few next days.
Anything after close on L2? These incoming TR1 are becoming more fictious.
What's going to get it going next week? More IIs would be great.
It is gauling that the derampers come out and what they've said has very nearly happened, yet again.
Still holding, kicking myself about 19p but still holding
pretty much identical SP last friday close, gave us a taste for whats coming and how fast it can rise. other than that whole week been pointless, should have not bothered checking :P
@mouse
Sorry to hear that this share is stressing you out, I know the feeling from Scottish mortgage trust this week and other “stable” stocks.
I think with amigo it’s a total punt so should only be a small part of your portfolio to reduce the stress.
Now jpm are on board I feel it’s less of a punt but still wish I sold some at this weeks highs .
Anyway enjoy the weekend now the markets are shut
Best wishes
We all wished we had sold on Tuesday now, that's hindsight, gutting but the game
Even more gutting. It'll be ok...I hope
It is always going to be volatile; but Amigo has
- Bybrook and JPM taking stakes
- recent Director buying activity
- recent results and mgmt guidance / updates
In the absence of further news, nothing has really changed here so I feel comfortable.
The questions I think I would have, which we will likely find out over the coming weeks are:
- are JPM buying as principal or on behalf of clients?
- did Bybrook or JPM sell down materially at the start of the week?
- any new evidence of stake building?
- will we get any info on SOA / FCA in the near term?
GLA. DYOR & clearly not investment advice!
More tr1s to come jpm maybe increasing 2.5 mill off book buys yesterday alone. Stake building still going on