Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This is the 3rd time I invest in this crappy stock over the years and every time it's 50% down. Well, good news folks. I will go in with another 30k tomorrow so you might as well sell out :-)
It's a shame this CFA doesn't even know which market SYME is listed on - "This morning, the AIM-listed small-cap stock was up more than 10% at one stage". That's when I stopped reading...guess that's why it's called Fool :-)
MM's internal communication:
1. 100 - I need Shares.
2. 200 - I need Shares badly but do not take the stock down.
3. 300 - Take (or I am taking) the stock down at least 30% so I can load shares.
4. 400 - Keep trading it sideways.
5. 500 - Gap the stock. Gap can be up or down, depending on the direction of 500 signal.
6. 505 - I am short on shares
7. 600 - Apply resistance at the ASK to keep the price from increasing.
8. 700 - Move the price up.
9. 777 - Also recognized as a signal to move the price up.
10. 800 - Prepare for an increase in trading volume.
11. 900 - Allow the stock to float and trade freely.
12. 911 - Pending News/Press Release On The Way
13. 1000 - Don't let it run
14. 2100 - Let it run
Hi Pelle, the DI part was very straight forward. In a short context, it said that gold was the winner during COVID but oil will be much stronger going forward. All based on the macro's where the economies are recovering and the current investments in new oil are very low. Those who say that oil will be in the mid 40 next year have no idea of the world market and will be severely left out. 2021 will be the year of recovery for oil.
I see a different scenario, as you say next asos or amazon etc. The other plausible option is a take over by a large equity firm. I totally rule out a collapse since the business idea and the technology behind it is very solid.
Forecast from Walletinvestor:
SYME forecast for the upcoming days
Date Price Min Price Max Price
2020-08-25 0.917 0.783 1.051
2020-08-26 0.854 0.712 1.003
2020-08-27 0.840 0.692 0.984
2020-08-28 0.974 0.837 1.110
2020-08-29 0.989 0.845 1.127
2020-08-30 1.041 0.9070 1.186
2020-08-31 1.148 1.005 1.289
2020-09-01 1.285 1.150 1.427
2020-09-02 1.223 1.074 1.366
2020-09-03 1.208 1.063 1.346
2020-09-04 1.342 1.206 1.475
2020-09-05 1.357 1.213 1.497
2020-09-06 1.410 1.267 1.544
2020-09-07 1.517 1.376 1.649
I sold half of my holdings in Enq a few weeks ago to speculate in SYME - that went well and top sliced today with a nice 300+% profit and free riding the rest. Time to get back in Enq and build up a substantial holding. I find the group both here and in Sweden very professional with a lot of high-quality research and very pleasant manners. Thanks all and nice to be back.
Drlong, Financial Times - https://markets.ft.com/data/equities/tearsheet/forecasts?s=SYME:LSE
The one analyst offering a 12 month price target expects Supply@Me Capital PLC share price to rise to 16.69 in the next year from the last price of 0.57.