RE: Blue through n through20 May 2023 08:17
Regarding the rise trend - with SYME we have only the Aug 2020 experience to give us anything by way of precedent.
The rise so far is uniquely based on expected news on so many worst teams. TF, loans, CB, WL, IM, client list, expanding jurisdiction.
As for the presentation on Thursday I would expect news on one or several work streams beforehand to add substance to Thursday’s overall message.
On Monday the likely trend is positive and more buying, with it without news. News can only be positive based on that message I mentioned. The Aug 22 peak, within day of 0.18p, should have heralded a recovery but the ink was still wet on the First IM. However, 9months on with significant change that peak will be overtaken this week.
To finish I would say that we are in a sustained rise with little chance to trade, sadly. I would like to trade upwards to accumulate more stock but see limited opportunity until we reach 0.5 plus.
Last thing - AZ always said that the team would restore MC and shareholder value so this assurance has sustained confidence even when the doomsayers forecast oblivion. Glad we trusted the Italian with the most skin in the game.
Have a great weekend all newbies and LTHs - you are part of the resurgent SYME.
See you in at the 1p party.