Potential and lesson learnt12 Feb 2021 16:02
Yesterday's RNS is a strong indicator of where this is going.
Having bought in yesterday at a good entry point, I made the mistake of averaging up, thinking it would touch 15p and then go on from there. Today, I have been glued to the screen all day, trying to fathom out why the continuous drop despite some heavy buying early on. Foolishly, I sold up, thinking it was going to drop further and I could get in at 10p only to find myself locked out. This share is too tricky to trade and only the very experienced will get it right. Too many times today it has gone to NT ( usually a good buy signal). I'm now back in at 11:40p (with some on the side in case I can average lower) and plan to turn off my screen and wait patiently for things to fall into place. The fundamentals here are phenomenal with many similarities to NCYT. Hard lesson learnt today, so now a sit tight and long term hold for me.