Today's shenanigans22 Jul 2020 16:34
So yesterday's rise was a surprise. Today's was bewildering, particularly in the absence of news regarding the impending contract. Then the speeding ticket, reminding all and sundry that the expected contract would require the services of two (yes two, only) techies for 5 months. So, what can we surmise?
(1) The contract is worth, what, 50,000 - 100,000 quid? It's certainly a foot in the door, I grant you, but hardly the stuff dreams are made of.
(2) Today was a classic pump and dump. I truly feel for anyone who bought in above 15p - I guess many of us have been there. I still believe that PYC will come good eventually, but it's going to be a much more steady (requiring patience) rise I would think.
(3) And then there's riddler, ramping this and DMTR to high heaven, giving short shrift to anyone cautioning the wisdom of investing in these stocks (check out the Stig over on ADVFN). Well, when I called him out on DMTR he took umbrage. All I'm saying is be wary of people like him, persuasive as he may be. Today goes to show what can happen when you follow the herd.