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Starting to feel what death by a thousand cuts might have felt like.
Morgan Stanley (NYSE:MS) raised its price target for Persimmon to 1,685p from 1,131p, for Taylor Wimpey to 145p from 115p, Berkeley to 4,516p from 3,920p and for Barratt to 576p from 483p.
When cigarettes and alcohol mildly increase inflation by 0.3% and the market resets this share by over 4% you start to realise how insane the market makers really are. Prices dictated by lunatics. This will bounce back up by Friday so enjoy the dip as a chance to soak up a few more shares.
Apparently an odd crowd using this to day trade. Pretty sure there are plenty of options available on AIM for that crap. I wouldn't worry, the cream will rise here, especially with an election push and lower interest rates.
@joe80 such charm and class, you should be proud of yourself and the way you portray yourself on an investment discussion board. With your elegance and range of vocabulary, blended seamlessly with your level of compassion and humility, you truly are a fine specimen of the human race.
Christofer if your investment swung by £10k then I'm assuming you have £300k plus in? I'd be sceptical about trying to find trade swings in PSN and be tempted to leave it in to reach decent highs when the inevitable happens with the interest rate drop, the potential help to buy push due to the pre election bribes and hopefully an end to conflicts in Israel and Ukraine. Any of these will result in an uplift, all 3 could boost this price back to mid 25 levels by the end of the year. Good luck with your investment!
Christofer it has retraced 2% today, I wouldn't wet the bed just yet. This is hopefully on a slow and steady path to recovery with some nice dividends along the way.
Positive note but one to watch is I'd expect a dead cat bounce here. The scheming board clearly knew the bottom was 0.25p and will have sold all the way down and rebought in now or on the 28th. It will then be ramped up as the drill commences before they multibag at probably 1p-1.25p. Be ready folks as it may be your only way out of you time their bluff right and manage to average a position down below 1p.
@diggit1gold the problem is the company is now that diluted, 3p makes the company worth about 35 million mcap. So that is pretty much as high as it will get unless they hire someone better than the current lot to ramp up drivel about how well the drilling is going in January. Hopefully dumb and dumber are available as I'd have more confidence.
The level of dilution here for a £6m fund raise is incredible. This share will not see over 3p again just on basic arithmetic with the total shares and share price. If you can't average below 1p then you are unfortunately up the creek without a paddle.
News just in, the chuckle brothers have just taken over the company. A statement read 'At Least they couldn't do a worse job'.
Straight outta Google:
There are two rainy seasons—the heaviest rains (called masika) usually fall from mid-March to May, and a shorter period of rain (called vuli) occurs from November to mid-January. The dry season, with cooler temperatures, lasts from May to October.
This share has become a day traders wet dream.
Don't use 'LOL'. You aren't a five year old.
Well this investment is all over then.... Never seen a worse management team, literally hanging out their investors to dry with no updates or development updates. You have to come on here to see images of the site! Absolutely disgraceful and I hope they are held to account. Good luck to all with your other ventures but this has been smashed so hard I don't believe it can come back to double digits.
@joe80 just wondering why you spend the majority of your day here playing the antagonist? It just seems very odd. If you don't have shares here then good for you but I don't quite understand why you are constantly posting ramblings about current holders on this board. Is it to make them feel bad or for you to feel good? It all seems very strange. I suggest maybe a new hobby so you can take yourself away and reflect on your life and how you are leading it. Sending love and prayers for your speedy recovery from whatever mental impairment you are suffering from.
The price reaction to news this month has been ridiculous. 60% drop in a month. Total overreaction. At least it makes life easy as anyone selling at this price must like losing money. Sit and hold, it can't go down more without the company folding so onwards and upwards. Happy not to look at the price until February. Have a good Christmas all.
All that is a certainty is that this share has become a day traders wet dream with daily 10%+ swings.
Just a query that I've wondered about if anyone can clear up - do companies like HE1 not insure things like drill rigs so that if parts break they can claim the expense back? Is there any warranty on the rig, I assume it was quite new?
If not is that not something that they should think about moving forward?
Restricting access by banning free trading sites... Not very open market of you. You do know that you are dealing with an AIM stock that is highly volatile right? It's swings and roundabouts.