Long term21 Jan 2021 14:52
There’ll be an RNS tomorrow morning, called it last time and have the same feeling again today based on market behaviour.
Popped back in here for a read again and it’s concerning to see so many people still panicking about these dips. In the last month we’ve seen 1p, 1.8p and now 2.3p support. All of which saw people panic and lose out, how many lessons will it take to learn? With a growth stock like this, the only rule is hold and buy on the dip.
Another confidence booster is the narrowing between the highs and lows each time we dip, creating consolidation and larger upward pressure. Just plot out a simple graph of the support points over time and ask yourself which direction we are going? then tell me you’re worried about a 20% dip. Next support will be ~2.7p, and shortly after that will be 3p+ given positive news flow. Plus if you’ve done any research whatsoever you’ll know for a fact that EQTEC’s immediate true value is far higher than 2.5p, and this will reflect in the SP soon enough.
Assuming the growth rate remains fixed we’re looking at 8-10p by year end. It is unlikely to stay fixed because we’ll be generating profit soon and the SP will explode exponentially from there. 2022-2023 will be the biggest growth years for this company IMO. By that point we should be massively de-risked and we’ll start seeing the big boys making their moves as we look to become a real FTSE company. This share could be a life changer for those with the balls to hold. I can't speak for others, but I’d rather watch it fall back down and break even then sell now and be forced to watch it head up to 50-100p over the years. Ask anyone who sold ITM. Profit is profit, but missing out hits harder than a loss.
All the best