RE: 170p21 Jul 2023 09:32
From my previous post:
I agree, every investment carries risks, but the potential rewards are significant. This is why I invested in the first place.
The company has a strong focus on AI, which is a rapidly growing market. Moreover, it boasts a team of experienced professionals with a proven track record in the digital industry. Additionally, the company is well-positioned to tap into the large end markets in China for AI-enabled apps.
Since last week, Market Makers have established a solid base floor, and the market has been recovering steadily. Every dip has been quickly bought out, and it's puzzling to understand who's buying such large chunks of stocks here. My best guess is that this stock has been purchased by foreigners, such as those from Hong Kong, China, etc. When we witnessed the significant rise due to pumpers, and it subsequently dipped to the 80s, all the buyers are likely looking for substantial returns, not just the usual AIM day traders aiming for a 10% profit.