Today was a good day for the speculators !26 Oct 2020 17:47
Today saw the SP rise nicely, so I had a thought for all GDR investors.
My first thought was for the speculators, who constantly buy and ditch shares in an opportunistic manner. Clearly it was a good day for them ! They'll be able to ditch their shares with a decent profit.
Not my money-making style but hey, I respect that. Many make money playing this game.
But suddenly I had a reality check... "wait a minute, what's the news that's making the SP rise ?!"
And then was sad for the long term holders.
As usual there was zero sales RNS, so once again the SP rose completely randomly, meaning that yet again the naive long term holders got stuffed.
I saw a few of LTH gloat that their day has come, that today's rise is definite proof that all the ducks are lined up and GDR will take over the world. They're happy. But I'm sad for them, for their happiness is as artificial as the SP's rise.