Perspective21 Apr 2021 06:18
Good morning people.
There have been many predictions for where the sp is heading. For me I am going with the many posters more conservative prediction of 1p by Christmas, anything else is a bonus.
Although 6% was great yesterday I can’t help feeling somewhat disappointed when the sp pulls back 10+% as quick as it goes up. It can cause a bit of a panic. For the record, I do understand shares go up and down.
In perspective, there are about 179 working days until Christmas. From the current sp of .53 the daily average increase to reach 1p is a mere 0.36% which makes yesterday’s 6% massive.
So peak and trough as much as it wants today, but close on .532 and we are still on track for 1p or a 90% profit by Christmas.
I have a sizeable position here and will holding strong and holding long.
ATB have a great day.