RE: Thoughts31 Jul 2018 17:08
...and the normal consolidation back to 660ish.
Let some investors take their short term profits. I hold a months long purchase as from 620 and 580p that will stay put, and will even seek to add more PFG shares.
About n4p:
- IMO insiders lowered the Sp to bring new investors on board (new company broker etc).
- Suddenly you read about new investors on board (David Farrier) who holds 11M shares, some 12.8% stake, which signals future potential.
- In my opinion n4p will announce a 2nd trial in August; while some fear they could stop the project or even their entire existence. This fear is unfounded, as the trial costs some 500k and they are well funded until mid 2019.
- Currently IMO its best to regard n4p as a nice little gamble with expendable capital that is easily regained elsewhere.
If someone once bought 10k worth, then this is his entrance ticket to the game, never mind the egohurting Sp. Think of Nigel T., who added several million shares this year at 21p(!) and keeps holding with a 12% stake.
When n4p crashed to 11p I first thought about buying. Good old British investors rule taught me NOT to catch a falling knife, but let the market find its true value.
Today you could buy for 8p, and increase your 33k into an even 100k holding with a small 6k Pounds. Ask yourself if this is something you can risk here too? Is that expendable fresh capital or money from other gains?
I learned that it is best to buy when a share starts to rise again - even if I have to pay a little more. Quality is quality. Cheap is cheap...
Now lets cheer up!
Asiamet gives first signals of a new long term uptrend. Eurasia continues on its winning streak. Pebble is set to break 4p again! And PFG is on the right track...