Get a grip29 Jul 2021 20:06
I look at this share because a friend got puffed in a lot higher. I'm glad I didn't. That aside I look at this Share Chat and it reminds me of kids squabbling in the playground. Here are my thoughts and I welcome your feedback....!!!
1. The share price generally doesn't lie. It is what it is given the information available to the public. None of you know more than anybody else. Why? Because you post it all.
2. The stock has a recent daily average of 20m shares and a longer-term daily average of 40m shs. At 0.85p/share that equates to between £170,000 - £340,000 total turnover in a day!! Miniscule
3. This is currently not on the list of any market-makers or institutions. Quite frankly why would it be?
4. The 5-15% spread in the stock tells you all you need to know. No real liquidity. Market-makers do not want any large position in this type of stock. Positions they are allowed to take are based on delta, volatility and liquidity
5. The notion that there are people paid to influence this share price is preposterous
There are very passionate bull/bears in this stock as there are in most. But buyer beware. It's a penny-stock. It has almost no liquidity. It has disappointed on lots of levels in the recent past. Any perceived good/bad news will have a dramatic effect either way on the share price.
Stocks like this are just a punt. Some you win......This stock should only form a very small proportion of any portfolio. Red/black.
Good luck