My 2 pence worth11 Jan 2021 15:54
I have been invested in Syme for what feels like an entire pandemic
The sp has struggled/risen/dropped and repeat
Every time it spikes it seems to set a new slightly higher base.
Great!!
So if you are daytrading then you have a chance to make a few quid here and there
If you are short then fair play, you have your beliefs as to why you should hold that position, much like you believe in the earth being flat.
For me, long hold, I only see the sp movements as a positive. Every time news is released there is an instant spike which causes everyone interested in making a few bucks to sell and the price goes down. Cool, those weak hands have gone and hopefully as time goes on those shares are swept up by institutions that plan on holding.
This mornings news really showed that one company believes that syme works and offers an option to their clients. This is both great news and also something to be cautious of.
It proves that AZ et al are able to speak to big players and sell them on the platform, however, it also shows companies are willing to add syme to their lending options and not just use them.
It’s competitive and syme will need to prove it’s validity amongst all the competition.
Yes, this is a great stock to hold IMO and I hope we all do well out of it, but please understand that this mornings RNS was a tiny snippet of what can and will be released, so enjoy the share price rollercoaster abs just make sure you hold a position when figures are released