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The most plausible explanation to me, by looking at market cap, is the anticipation of entry to ftse250 that might be announced some time before June. That will likely bring interest of institutional investors 🚀 HOLD FOR GOLD 🚀✊
Our rough diamond is about to get into desirable shape 💎🙌
Quote from RNS:
“Continuing Group volumes were at their highest levels since Q2 2022.”
This sentence alone will send us to 450 by end of May. I know ridiculous statement but let’s wait and see.. counting down 15 trading sessions to go….
Why didn’t I own more shares? Lol.. since I pumped just over £75k early Feb having suffered 95% unrealised loss on my initial £25k investment, I guess my current holding of 54k shares with average of 185.92 is more than I was comfortable with at the time. Feel free to look at my history. I’m over 50% up and still not planning to sell a single share as none of my price targets have been hit pre trading update. My target of 350 from last month is no longer valid though. My new target is around 450p.
You might be tempted to sell at current level but I have a lot of patience, time and I’m happy to take a risk.
I’m kind of confused why would anyone want to sell this rough diamond? We’ve just had a vague but still “cautiously encouraging” trading update and we might be knocking on the ftse 250 door pretty soon. I personally don’t think we need anything else for it to fly.
WW and FS, what would you expect SYNT to do next..purely from chart standpoint?
Casino closed for the day. If you haven’t decided to buy/sell today, then you missed out.. either on opportunity to sell at this high level if the price dives, or opportunity to buy at this low level if the price sky rockets in the morning. It’s a roulette 🫣 🧨
I’m actually content with the fact the price stays below 300 into trading update tomorrow. At least I don’t have the urge to sell today as opposed to the situation had we reached 320 before TU. would have been a difficult decision to make.
We’re in an uptrend and not reached any of the key price targets yet. Fingers crossed for tomorrow 🤞🤞🤞
I’m full of hope
Just reviewed a list of the largest companies in the U.K. by market cap and it appears SYNT sits at 210th place according to the website provided below and as far as I can see, at the moment, it’s not part of ftse 250. Including ftse 100, that means SYNT isn’t part of the largest 350 companies in the U.K.? Meaning it doesn’t have access to institutional investments. I’m considering the huge potential SYNT has when it moves up to the prestigious league ⬆️
https://companiesmarketcap.com/united-kingdom/largest-companies-in-the-uk-by-market-cap/?page=3
I need to admit.. you created a bit of a hype around MIRI. I got burnt long time ago on a small cap and decided never again will I touch companies below 100m in market cap. Hardly any TA strategy work on those small companies.. and they are cash thirsty.
SYNT is doing well and resisting to go anywhere near the sell button. As much pain as it was up until Feb this year, the strategy and patience is paying off.
SYNT is doing well, but wow.. have you seen OXB Oxford biomedica? The magnitude of the pump is astonishing 🤩 it was on my radar for ages but chickened out and never bought it.
JW, I still haven’t averaged MCG as I have a feeling, by looking at its market cap, it might exit ftse250 early June which would make it vulnerable to sell off.
On the other hand, I’m expecting SYNT to enter ftse250 potentially early June too but that obviously depends how good/bad the trading update will be.
Similar with ocado.. I can see one more dump towards 280. If that happens, I’m going to 1.5x my current holding to bring my average to more manageable level.
Questionable sale of assets but anyway.. I’m expecting algo game in the run up to trading update on 9th May (4 full trading days). I think I’ll exit before TU but that very much depends on price action. If we stay below 300, I’m not selling. Will wait patiently and see what this beauty has to offer 🫣
I guess this trading update will be unaudited so likely see more positives than negatives.
Good luck to all the brave holders 🤞
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