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Owainglyndwr.
Very interesting post. Unfortunately (being a shareholder here myself) that is pretty much spot on.
CWR hasn't fallen from £14 to under £2 to give posters an opportunity to 'top up' or 'bring down the average' or provide a 'good entry point' plus other assorted nonsense.
It's fallen because of the points you have alluded too. I'm not selling because I think this share may doing something in 2024 but to be honest I wished I'd have sold my holdings a few years ago.
quite amusing reading some of the comments here. hindsight is a wonderful thing isn't it? the fact is that this share has tanked from £14 to under £2 in a couple of years. people who have put money into this are now being lectured by smart-****s about 'golden rules' etc etc. i'm holding my 8000 ceres shares because i daren't short and i will lose too much if i sell. and i would imagine a lot of posters are in exactly the same position.
Nobody can predict where this SP is going but my guess is that next week it will bounce up again. Then the week after down. I'm holding on because of this extreme volatility. This has been an extremely disappointing year for Ceres, that's for sure.
Not sure why people are posting news now that was released in September? Even more puzzling are the three recommendations. Amnesia? This share could bounce back up or drop below £2 by Friday. Volatile & unpredictable. I'm just holding in the hope that we do eventually see £5 again. Maybe 2024. Maybe never. Who knows?
Noggers.
If you sold some Ceres last week then bought them back this week you won't be a 'couple of grand up'.
Because your Ceres holding will be 'a couple of grand down'.
Only institutions that 'borrow' shares for a 'short period' (which they pay for) are able to do this.
Not individual share holders like us.
I wouldn't pay much attention to what any 'experts' say. Motley Fool is a good example. Investors Chronicle another. Their advice & price targets are usually contradictory. Green hydrogen has fallen out of favour at the moment but it will return.
Yes I think the new rating is £3.20 and *buy*. ITM is a *sell*. I remember years ago when Glencore dropped to 75 pence and I sold 5,000 after reading in the financial press that it had 'junk bond status' 100% sell. Two years later it was £3. I think Ceres will pick up in 2024 and I don't want to lose about £15,000 by selling.