RE: SP25 Jan 2021 10:47
It's an equity, it's good it gets traded. More trades would increase the sp.
Don't place too much emphasis on what is a buy or a sell, because no one who does this professionally looks at the tenth of a percent, which determines what side of the mid it is. The buy/sell flag is outdated and meaningless.
What i would say, is that I believe this equity is being held in a consolidation run, quite tightly and i've seen single £10k tickets bring it back into line, when placed at strategic points of the day. i.e. close of business being the most obvious.
To what end, no idea. I'm personally betting that it's a LTH, that the increased exposure we are getting that Max shares with us, is further evidence of the intentions of Bill and the Board to unlock value, as well as the day to day business on the ground.
The article above, is excellent and i'm sure we've all seen this happen before....
Feel free to play your own game, but for me, time in the market, rather than timing the market, is the basis of my success and ultimately with UFO and their project pipeline, i would envisage that within 12-24 months, today's investors will be sitting on tidy profits and wondering if/when an exit is appropriate. Plan that exit now, is the one bit of advice i would give, and stick to it, and walk away and come back and see where we are in 3, 6, 9 etc months.
It's tempting to check SP every few minutes, hours or days, especially if you have more than 3%-5% of your total funds invested here, but don't do it, it's only going to lead you to over trade, over think or lose out on exponential profits. Honestly, we are still in a bull market where profits are like shooting fish in a barrel and it's hard to lose money right now if you stick to the basics.
Enjoy UFO, these are the investments that are basis of long term wealth. I believe this will be my second last, long term investment i have made and will retire from the game. My attention now, is to identify that final long term LTH, not the individual SP movements of UFO.
Good luck everyone
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