RE: Last week9 Mar 2024 16:45
Unfortunately still in Boyo, went against original plan when influenced by someone else and didn't bail out second time for small loss. It's not being negative, it's being realistic now, there's no point rattling off 'hopeful scenarios' to people - when price fails at support points. The reality is..it failed.
Wkly says continue down despite some recent buys, no reversal yet. 340-ish is in the sights.
On current performance I wouldn't even be surprised if it went to 240-ish. Ocdo SHOULD be worth much more - of course I want it to be, but it failed at 10 and then failed at 8. Must be a reason? I'm not in charge of the sp. The bankers are and they will buy when THEY want to. Not before.
If you don't get out in time at peaks with OCD you are f.ed for months or years waiting like a fool hanging on talk of new technology breakthroughs. In 2020 /2021 sp targets were set at 27 and Steiner picked up a huge bonus when that was hit...now what?...a bonus when it hits 10p and his Goldman/ Osbourne buddies buy in?
ITV bounced after hitting 2 year low and VOD also coming back after hitting extremes, so I guess that's possible when sp rock bottom.
I would think Jun/Jul to see any improvement and then maybe only up to high 5's - unless some DRAMATIC event is announced, but the only one the market has reacted to so far is a fake Amazon takeover.
I'd be buying something else if I wasn't locked in here.
DYOR