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No harm in selling , sitting out for a few days and watching the price for a bit. Likely to go down, you'll avoid any cliff edge, and I really can't see a rally any time soon on this. Then you'll be asking a different question why buy in and if so at what price
Doesn't bode well for the next step down, I'm afraid.
There did seem to be some support at 67.5p - and it's likely to be tested next week.
close 69.05 UT. not much of a bounce then. hope for better next week. AGM only 1 week away.
69.05p
hopefully we close at or above 70p.
good. we are just above 70p now.
Rome wasn't build in a day. still buying at 70p.
TED army will be strong after today. weak holders are out. onwards and upwards. bring on next week.
Good luck!
I respect anyone who puts their money where their mouth is.
I wish you well in your next investment.
And I have now sold and taken a small loss. Correct decision. I may revisit.
Good luck to all. I wish everyone much success.
"Some big sells starting to process. Remember people - never want to win it costs too much. Just win."
You first...
"Nobody knows then I have underestimated how weak this stock is. And it only makes a collapsed more likely. Looks like I'll have to average down next week with at 56p"
If you were unable to spot the other glaring error in your calculations, I find it hard to put much faith in your now 56p target. Perhaps you're one of those eternal proficiscors of doom. We'll see where we are next Friday. I'll be surprised if we're 20% lower than we are now.
Some big sells starting to process. Remember people - never want to win it costs too much. Just win.
Nobody knows then I have underestimated how weak this stock is. And it only makes a collapsed more likely. Looks like I'll have to average down next week with at 56p
"Remember most people are sitting on 75p shares now"
Anyone who took part in the open offer and hasn't yet sold isn't sitting on an average of 75 buddy. Math obviously isn't your strong point. It was 4 shares for every 7 you already had. ...doesn't leave anyone sitting on 75p a share.
slowly slowly catchy monkey. 71p being paid.
Also I don't believe it would be possible to deramp a large market cap FTSE stock, that tends to only work on micro cap stocks.
Ramzan thank you for updating us all that you have no opinion. My opinion is the safety net for most shareholders is now gone. To be that is a clear confidence driver. Except this time it affects almost every shareholder not just those priced in higher.
oceanpassage has been deramping this share hard!...lol. I don't really have a view but man...
we came down hard and quite fast. the opposite could now happen we go up fast. maybe over £1 i wouldn't like to call exactly where to at the moment.
i've seen shares drop off ahead of a placing/RI and then soar afterwards 35%. TED SP didn't fall much, the fall came just before the new shares got issued. so you could argue the opposite that all the profit taking on the 75p shares is now done. so SP can recover.
Remember most people are sitting on 75p shares now. Losses emerge for the vast majority of shareholders now we could be looking at a collapse of confidence in the next 2 weeks. This rights issue price has kept the vast majority in the game. The safety net is now gone. Potentially collapse in next 2 weeks.