Member Info for CJ39

I sold out yesterday at 157p as I felt it was too high a price right now and wanted to see what happens to the share price on a day where the momentum is pushing the share price down. Would it stay strong and remain at the 150p mark it would it retrace back to the low 140s? So far it’s holding up. I’ve now bought back in at 147p and made a nice profit.
Such an interesting share is this. I think the current range of 145-165 seems fair. Below 145 is a steal. I can’t see it surpassing 165 until we know the half year results in August. But that’s just my opinion and I’m no expert.

I didn’t see that, did it come through as a buy or sell? The volumes showing as sold today (9.3m) against the volume bought (2.9m) shows that this is overpriced at these levels right now. Tomorrow will be a real test to the share price.

Well I bought back in at 150p when I realised the rise from 133p to 150p wasn’t as a result of the Dunn Brothers buying more shares. It seems like this is a share price adjustment by the MMs. But... 157p this morning makes me want to sell short term to be honest. For where we are right now this looks very high to me. I didn’t expect to get to this price until after August when we know the half year figures. Sport has been severely disrupted and there is also the danger that come the autumn and winter when viruses spread that this may all come back and disrupt sport again. I have no idea what the share price does from here and I am so happy with the profits I’ve made. It’s a real dilemma.

Morbox, I know you thought there may be a fall today but as madfist says, the share price is holding up strong. No signs of it falling today.
I must admit this is the first time in quite a while I am not sure what the share price does from here. I did not expect us to be here for another month.

I couldn’t stand the tension of risking this increasing and missing out. As mentioned in my earlier post, this looks to be the new base level as the sharp rise to 156p from 140p was not as a result of someone acquiring a million shares. I’m hugely up thanks to this share so don’t feel bad that I’ve lost a little bit by selling/buying. Let’s see this rise again now.

Which way?

I sold out yesterday at 150p, convinced there will be a retrace. I was convinced that the recent increase was due to a large buy of shares perhaps by the Dunn brothers, but clearly it wasn’t as no RNS. It now is starting to feel like the big rise this week was a correction in the share price. I’m left with a dilemma whether to buy back in around about the price I sold out or hold out to see if the share price falls back into the 140pences.
What do you think? Do you think, have we seen the last of 140-145p range?

Morbox - seems like you are very good at picking out shares. I had never heard of ITM, just looked at their share price chart, it’s risen so quickly. That must be a bitter pill to swallow seeing what you missed out on. Have you any other shares you’re excited by?
Hats off to all of you who resisted any temptation to sell so far, there is no way I could resist not selling at these levels.

Tarquinpike - interesting. As I say I have no idea about this company, so all I say here is just what I was reading from the RNS and comments on here. If they are not producing the product and bringing in revenue at their current asset, I would be furious at them making a new acquisition at this point and be very suspicious by it. Anyone who remembers Oregon gold, they bought an old gold mine in Serbia which had not been touched for decades. The historic levels were high. They spent around 2 years drilling and sampling and the samples were good. But as shareholders were awaiting them to mine the gold they announced that they bought a new one in Georgia and announced for some reason that they were switching the attention to that. 2 years of sampling on that mine without any mining and eventually they announced they were giving up with digging for gold and rebranded themselves as Sosander (SOS) and would focus on fashion. You couldn’t make it up. I see the share price has gone from 20p to 8p since it was launched. I won’t touch AIM shares again after my dodgy experiences. I wish you all luck, I’ll be back in years to come to see what happened here.

All you say is true. This is an exciting share/investment. In that sense it is somewhat foolish to sell out when long term the price should increase so much. But I guess there is also the greed in trying to capitalise on the highs and lows to make more money from predicting how the share price moves. It’s great when you pull it off but it’s sickening when you miss out. It really can’t go up too much further than this right now, surely it can’t.

Thanks Morbox. I know I shouldn’t really try to second guess the share price as it’s awful getting caught out. But we’ve followed this share very closely since March and beyond. When the share price rose sharply to 123p 4 weeks ago it retraced all the way back to 103p. Last week we got up to 145p and it retraced back to 132p. My personal opinion which may be wrong is that this share price will not surpass 160p prior to half annual results in August. This 151p does look very high right now IMO. Sure there is loads of potential, we all agree that this will reach £2 a share this year. But I don’t believe we’ve seen the last of prices in the low 140 pences, so I have sold to buy back in at a lower price. Time will tell and if I mess up it will be annoying but maybe a lesson I need to learn for the future.

Not here to pour negativity on the share but Karter - I was once invested in a share on AIM... Oregon Gold. All they ever did was samples, samples, samples. The grades looked good but instead of mining the gold they bought a new mine in somewhere like Georgia and did samples, samples more samples. They never actually mined any gold. The directors and those running the operation were paying themselves handsomely, it was a disgrace. I hope the same is not happening here.

And on that note I’ve sold my holding. But I will be watching and waiting to get back in.

It’s just the speed of the rise. 3 weeks ago today it went down to 103p at one point in the day. Who’d think it would be 150p just 3 weeks later? I am predicting a retrace after this rise however. I’d be surprised if we have seen the last of 140p personally.

We are so close to 160p now. I am certain a RNS will cone out advising the Dunn Brothers have bought another million shares in WMH. We’ve seen this a number of times in recent weeks and the share price really rocketed each time. Only drawback is that there was a significant retrace afterwards. Hence why I am selling out short term when this reaches its peak.

This is incredible. I never expected we’d reach almost 150p as early as this. It feels like today there has been another large buy of shares. I think I may sell out if it gets to 150p and try back in a bit cheaper. This looks very high right now.

Again

Looked a really good positive results this morning. I thought this would rise as a result.

2 months ago there was huge uncertainty in terms of how long sport would be cancelled for and how would WMH fair during the cancellation of sport. But those uncertainties have now been answered. Football and horse racing is back. The trading update was excellent. So given where the share price was at, what do you think a fair share price is right now. I think 145p would be about right. How do others see it?

Dodger777 - many apologies. I re-read your post and can see you were sarcastically saying “it’s guaranteed is it?” Sorry about that.
I just hate rampers. I got caught out in the past by them, they really are shocking for what they do and want to put them.