RE: Deja vu, again2 Nov 2023 10:39
Having watched this share and board for a long perhaps to long a time now, there is always a been here before scenario.
In my opinion it appears in many different plays.
You have the psychology side, lets allow the share to rise and get people in a positive mind set after a long period of drip feed dropping, to then bring it back down again. This can move the less patient or those sitting on a small loss to become despondent and move into the next possible multi bagger, Only last week we had newish posters( coincidentally ? ) pumping the likes of Upland resources and Scirocco Energy. Look at them now a week on.
You have those who try and lower their average by day trading some of their shares, rather than use new money , some gain, some get stung depending on timing. I learnt that lesson with other shares years ago. This can also be driven by a sense of boredom or need for a gamble and bit of excitement.
At the end of the day who is it who makes money out of this the spivs in the city ., no matter what.
A loss is only a loss if you have to sell and patience costs nothing, still here, still not selling ,still watching , waiting and anticipating.