RE: Day trading...24 Apr 2019 14:22
To be fair
While i don;t like the fundamentals of MXO - if you are playing in AIM, Day Trading is probably the only way to make money, usually a LTH is someone well down
Most shares are on AIM to raise money and will be done at discounts
Market Sentiment short term often drives a share to unrealistic highs and lows.
People on here quoted PYC as one of the best shares but that again was day trading - its 90% down from its high, a lot of people made a lot of money, a lot of people lost a lot of money
The fundamentals of the AJE interests is worth maybe four million max, a lot of people not really understanding the mechanics of the investment in AJE
The sheikh is obviously the unknown factor and what the future will hold, but a market cap of over £11m says to me in my mind that the small time investor has valued his shareholding at £7m (which clearly it isn't at this stage) - so its overvalued