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I did have a look at MIRI and the chart looks really good with potential to hit 10p but my problem is around liquidity on those tiny cap companies. I’ll pass on this one but hope you make it there 🤞
I’m almost fully invested at the moment with some spare pennies to go towards MCG and OCDO when the right time comes.
The only small cap company I’m currently considering is what JW mentioned.. WINE.. brilliant chart but still waiting for entry around 40s.
JW, when it comes to MCG, I don’t think we’ll see any breakthrough until June so not touching it for another couple of months. We’re likely revisit previous bottom or if they post really bad results, I’m tempted to say 40s. It’s pain in the backside but same like with SYNT just approach strategically and don’t be impatient.
When it comes to WINE, I think mid to low 40s is real possibility. I liked the rise from the bottom but it seems to me the retracement is not finished yet hence my price target. I’ll keep watching both companies and post here if my opinion changes
JW, with regards to WINE and MCG, it seems both will have one more leg down. I watch WINE for now but with MCG I’m trying to come up with exit strategy similar to SYNT but I think the floor is yet to be seen once results are out.
WigW… I guess you mean Gulf Marine Services (GMS), has had an incredible run.. but never heard of them. Speedy has a good chart ready for recovery but not sure whether I’d invest in it myself. Maybe when it finally rebounds.
My top picks in £1B+ caps from this month are OCDO, AML and FRES. Not as great recovery potential as SYNT and ASOS but charts look fantastic so loaded them with significant amounts.
Can any of you provide ideas of companies that have significant share price recovery potential? I’m aware of ASOS which has been at rock bottom for 9 months but I’m loaded there as well so not too keen to add more.
Leaving all this out-of-subject BS on the side, the share price makes a good progress. Having analysed the chart on various time frames, we will see a dip at some point within the next month and for that reason I’m preparing just over 50k in extra funds to pump into this share as there aren’t many greater opportunities out there for a good swing trade (not that I’m aware of at least)
FS, I agree it’s still low but keep in mind I’m talking short term 2-3 months with no news expected until next TU around October (?). Any target higher than 450p is very much dependent on positive trading update which I’m not so sure it’ll materialise. So 350, then down to 150 by end of year, then over 450p over 2 years time. Don’t have crystal ball so that’s my best guess.
Judging by the force we went down today from 250, it appears we have a bit of resistance here. If we hit 250 again tomorrow morning and subsequently return to below 240 then we’re done with the pump for about 2 weeks. I think I might play this setup and sell tomorrow morning if we get double top at 250. Will think about this idea overnight. I am slightly torn apart here about selling as my target of 350 is on the cards within 2-3 months.. however the prospect of a potential 20-25% retracement from the top which would be worth around 30k in my case, makes this scenario plausible. It would be all out if I make the decision to sell.
WT, please do not comment.
Saxman, my target is 350 but I think, general brokerage consensus of 400 is likely since that huge gap 380-445 has significant gravity.. I’m not waiting for that myself though. At the current price, SYNT is half done so letting it cook for another 2-4 weeks. Not too bothered about current volatility as such price swings are expected considering the magnitude of the pump.
LOTM, JW - feeling the pain of selling too early.. been there many times and learnt my lesson.
JW, I can see MCG is getting hammered recently. I’ve got a modest 7k there from early last year with current loss -50%. Waiting for the delayed results and hoping it’s not a RI again. If the results are fine, I’m going to opt for aggressive averaging there yet again.
WT, please do not comment.
I’m struggling to understand why you’d both be giving away your shares so cheaply. I get your emotions play you and want to finally lock in some profits (especially you WT with your scalping strategy) but ffs you held it throughout the most painful time likely for about/more than 12 months.. why not hold it for, let’s say, another 2-3 months? Let the FOMO play its game on others.
I’m not allowing myself to go anywhere near sell button for synt. If it loses 10-15% during correction, be it.
WT, I take your claims regarding the size of your holding here and the timing you buy with a great pinch of salt since you seem to be proudly talking about them few days after the event instead of saying the same day.. so yeah.. whatever.
Yeah total cost of 100.4k with 54k shares. You can read my chat history.. it’s all there incl every time I was buying. Only reason why I pumped so much was that I sold loads of trustpilot shares with very healthy 75% profit. I would never pump so much here if it was purely my hard earned cash.
This is incredible.. I’m green above 186. Almost going emotional after suffering 95%, deployed aggressive avg down procedure and it just turned positive 🥹 It’s been a wild ride boys. Hope more of you turn their investments around
P.S. we’ll likely see some pull back after such a huge pump
Been passively sitting on my hands for couple of weeks as the price wasn’t doing anything exciting below 160. I was in a bit of disbelief at 138p yesterday with my unrealised loss of 26k at that point.. looking at the loss now being only 4k at 179p brings me much needed hope. My updated target for this company is 350p in the next 3-6 months. I have no intention to sell on break even at 186p as there’s hardly any better opportunity out there. I don’t think we need any other news as the market got its catalyst and is always forward looking so expectation is for a very modest recovery and growth.