RE: I have sent this e-mail to Oriole25 Apr 2024 09:06
Kutzz I get that … if you are taking a longer term view, yeah you’d be mad to sell, but we sat between 0.10 and 0.14 for ages and a lot of people will be sat on ‘double bubble’ even after we have drifted back.
There are loads of traders on Aim who just buy noise, and sell into the profit. Outfits like Zak Mir’s crowd where he claims to know what’s going to happen just add to the ‘opaque’ behaviours of share prices. (On that note if you look at what he pumps, which tends to have just moved anyway, and make a note returning by “as soon as the end of next month” the outcomes don’t border any reality, they are jaw droppingly appalling). That alone will drag in a boatload of buys, out they all go … by then we are on to episode 76,934 where the whole process starts again. Nobody gives a **** what was in episode 76,931 and episode 76,932 but those people will have all exited and sway sentiment.
I have to admit (as an LTH) who’s been here 5/6 years
(?since it was around 0.30 the first time, before it went and six bagged to 1.90 the first time.. then back to 0.10) so even I have tried to sell a few when it runs out of steam like now.
For what it’s worth I bought two tranches at 29.99 this morning…
My point there are not just Lanstead’s death spiral funding dragging this around.