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Who followed his words of wisdom;
'Good grief, it actually hit 59p as i was typing...maybe there is a leak now rampy'
Sell now, my words
Unfortunately, always the same ,put a mental note, he tends to post after a rise and MM looking for shares.
Tries to get you to believe it is going down.
Next time it has had a decent rise and it is wobbling and he says it is going lower you know the MM need your shares.
Hence, I will buy.
Despicable behavior in my opinion.
So beware...
My strategy will be to keep buying as the price falls.
Have bought over the last 11 days at 59, 14 trades..
However, have more at circa 85 average.
Of course, once gets to 40/50p or rather if, you get a lot more for your money.
One day it will just turn around, curious to see when it is but fairly relaxed as we have been there before..
At which point we will all wish we bought some more at these levels.
Equally, next time it goes up considerably I will not be waiting for £2 and will certainly sell far more than last time at £1.
Made that same mistake when it got to £1.40, just too greedy.
But you live and learn.
Good luck everyone.
Andrew
No getting very interesting me thinks, will be loading up at 50p, 45p , 40p and if it gets to 30p that is when I stop buying.
Have been buying in late 50's and plenty at higher prices.
We already have a playbook, shorts drive this down until it gets painful, but if you hold you get to sell them back at £1 or more.
You just have to close your eyes and not tell your wife how many we hold.
;-)
Andrew
I have been buying at these levels over the last few days, 120,000
However, I am just mindful that after the AGM, the shorts may well use this to drive down the price in the quiet summer months.
Hence, I am holding off larger buys.
Worse ways we go back to the mid 70s and I wish I had more.
Have a great weekend.
Andrew
I would not be surprised if this is still listed on the stock exchange in 5 years.
However, perhaps we need another tactic to make money.
I will start buying at 50 etc.
Hoping it goes to 40 even though I currently have 335k. The 335 I will not touch.
From my history you can see how many I had.
This time, I want enough so that as the share price doubles which it will, I can sell some and still have a decent holding if a bid does come in or he takes it private.
Otherwise when MM play their games, personally I find it too stressful.
Hence, sold a few at 108 but most in the 90s.
Not because I am any cleverer than the next man but because I was worried.
Been a horrible day for many but it is not over and we get another shot at buying some cheap.
Do you think Kelso will be moaning , no they will load up as the MM drive this down.
Andrew
I am sitting on plenty.
But if this drops below 50, I will go all in.
The reason , Kelso are not idiots and they were buying at a much higher price.
I can not believe I am going to be able to buy more at 40/50 according to people on the board.
Once the initial disappointment wears off look at the opportunity.
Bought 20k at 74.5
My view , if no bid this may drop to 40/50 but within a month or two we are back at 60.
And then a slow rise until the golden share goes or we get other news.
Well that is the plan.
Alternatively, we might actually get bought and I make 20k immediately.
Seems like a good deal to me.
Andrew'
If I was a short or a MM I would be laughing.
Lets drop the price at about 13.00 when the market is quiet and keep it going.
Plenty will sell and we will clean up.
Looking at some of the comments they have nailed it.
Anyway just about to buy another 25k.(bought 25k at 92p already)
Have a great day Andrew
Ps without a deal this will be pushed low but soon bounce back to 70p, pretty good odds from where I sit.