RE: Sold3 Feb 2024 21:18
Lol, soz MD, but Yet again i find myself at odds with your reasoning. 2 main points that need addressing, so allow me to list ‘my opinions’ as per their priorities :
“…The billions of traded shares in two days seems to have just once again put up a middle digit to the bod’s efforts and have eroded a little more of Barons credibility.I suppose there will be many that disagree,but every one has an opinion..”
The market reaction had nothing to do with Baron’s credibility. This was the 3rd round of signatures, aimed at confirming that BOIL have a working relationship with TL. Putting into perspective, if BOIL said tomorrow that they now have a partner prepared to cover drill costs, would TL then stop play, on account that there is yet still a 4th signature session (true) yet to be addressed. Of course they would not stop play. The news on Thursday was then expected. The photos had already been published days before.
The sp then spiked…Totally unexpectedly. The spike was led by day traders trying to earn 10% off of a v.loud chorus of sweet FA. These peeps though do work quite hard to earn that 10%. Hence a lot of noise. This has absolutely nothing to do with Baron’s credibility. A totally separate issue bud.
“…market chose to do another pump and dump to,demonstrate that an invester is an irrelevance in this market.The only way here is make a quick buck and dump it.I quite understand that is how how many operate,but why is the word investment in the title of the market…”
Investing is what you make of it. ‘..the only way here is make a quick buck and dump it’. It is Not the only way, but rather if used as an investing method, then some peeps can do well out of it. Just takes very good concentration. So not one of my skill-sets, but… i was able to slice 20% easily, then buy back the same number of shares at 0.04p cheaper, & so reduce my average from 0.084p down to 0.076p. So not quite a pump & dump but rather was a lucky slice & a lucky re-investment.
Investing is what you make of it. There is thankfully no chorus on this bb leading new investors astray, with anyone stating “staying till 3p” or “staying till 1p” etc etc trying to sway others. Peeps are just posting calculations from broker reports & from cross-analysis with similar situations. Hopefully as just good references.
Lol but the “staying till 1p” did previously happen but then as we all know, Robbie sold at 0.35p. Some believed the script but the majority did not, most of whom were day-traders. And even once the avalanche had started it was fairly easy to jump off. The suggestion is, that if peeps are not understanding the driving mechanisms then perhaps a 10% or 20% slice on these spikes is the way to go ?
Totally agree though bud on your 1st point ; thinking that Horta might have some good news on his return.
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