Another day in the funhouse5 Jun 2025 06:06
Morning all - what will today bring? Who knows, maybe up, maybe down, maybe a bit of both. But remember:
"round, and round it goes, where it stops, nobody knows"
For my part, I think the last week has been fascinating, zoom out on the month and you should be able to clearly see the steady, sustained gains from renewed interest following the positive news, followed by when the speculators arrived. That was inevitable. What it has done, though, is show that there is real positivity out there again which has been lacking for the last year or so and contributed to the share price languishing in the doldrums.
This week 60+ million shares have so far changed hands, at least half of them, twice during the pump and dump. That is 6-fold or more the weekly volume on average over the last year, that means there is interest. That is a positive, the share price needs interest to rise but brings the volatility. Also there was willingness to acquire shares at higher prices.
This is all good news and finishing the week on anything above 50p is still up 80-100% over the month, a good return for the investment. Be mindful of the difference between an investor and a speculator.
All are as free to ignore my musings as I am to ignore the siren calls of bad actors who want to see my ship wrecked on the rocks.