RE: 7p Target short term19 Oct 2023 13:31
I think some punters who do not have a long term horizon (bought in the 2ās, 3ās and 4ās ) here but were hanging on to see what happens have been spooked.
A lot have predictably jettisoned - were only here for the licence outcome. The 20th Oct deadline was well known.
Iām not going to say this is what I expected but this is AIM and it is a crazy irrational market at times. Sensible āstickierā longer term investors will be (I hope) waiting on the sidelines for this irrational behaviour to die down. Then start to buy.
PaulFG talked about āhot moneyā last week and there has been some hot money here. We have to let that run its course.
The fundamentals are absolutely mouth watering here but short term traders donāt give a fig.
Fortunately for me I have an exceptionally low average (it couldnāt be any lower lol) so Iām sitting pretty, but some are trying to protect much smaller profits.
Iām going to sit tight, watch it all unfold, and I am supremely confident of a much higher SP within weeks.