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As far as I can see, the lowest price target currently is at 155 by UBS.
By looking at the chart, there was a strong support level at 170, once broken, it should turn into resistance.
My plan of action is to lower my average to the UBS price target of 155. It’s going to be easier if my purely theoretical bottom is at 90p
If, and that’s a big IF, I make it out of 95% loss at break even, that will be my biggest trading miracle to date.
The company is probably significantly undervalued at these levels, so let’s review what options the BoD might have at their disposal:
1) debt restructuring
2) asset sale
3) takeover by competitor - I’m sure for some bigger company it’s a bargain
4) another RI - don’t think it would be too clever of them to do that at these levels but if at any case that’s on the agenda, I’d imagine they’d rather announce it in March and not now.
I wish someone was so keen in august 2023, as Mike is now, to warn everyone about approaching disaster. Right now, as many of pre RI investors are down 95% and holding, including me, we just simply don’t give a 💩 about the remaining 5% and treat it as very expensive lesson.
However, I’ve been playing crypto last 2 bull cycles and some of the important lessons I learnt in 2017 is “don’t panic sell at the bottom” and “strategically avg down”.
whether it’s a bottom or not, time will tell. For me personally, by looking at multiple timeframes on the chart, the bottom should be at 90 around 29th Jan. I’m sitting on my hand until then.
Yes, I’m overly optimistic about the update as I consider those updates as pump opportunities and not even Mike with his “be careful” agenda can change that
8 full trading sessions to go!
Interesting chart.. 90s soon
Thinking about it.. if we actually hit 90p, my average would suddenly become 165p after pumping 100% of initial investment (from post RI avg of 1824!). 93% current loss, would turn into not a bad position.
I need to slap my face pretty hard to wake up from this dream.
Yes, it’s 30th Jan.. said this 3 times here already.. they call it winter trading statement.
My chart shows that we might see.. 90p by then.. That’s a wild prediction, but let’s wait and see.
“Barclays raises Synthomer price target to 416 (187) pence - 'equal weight'”
Wow.. so they “raised” price target from 187 in old terms (which would be 3700 after RI) to 416p effectively cutting the price target by approx 85%.
Negative sentiment + poor technical prints on the chart
I’m pretty sure no one expected 130s either.. Technicals on the chart on multiple timeframes don’t look very optimistic. I’m so down on this share that the only possible hope on the horizon is with the update on 30th so I’m doubling down on this disaster. Trying to catch the falling knife
Something like this might be brewing but we still have 10 full trading sessions before update on 30th Jan so hoping for 100p. I’m getting ready £25k to load into SYNT on the 29th Jan. That should lower my average to somewhere in the region of 190p depending on the price on 29th
I think we’re nowhere near the bottom. We’ll likely see a short term restricted bounce but now I’m looking at 130. We have 12 trading sessions before trading update. I’m even tempted to say 100p
Yes, strong results coupled with being part of ftse250 since 18 December, we’re about to fly higher
Guys, do yourself a favour and if you’re thinking about buying SYNT at all, do it immediately before the trading update on 30th Jan. This company is impacted by negative sentiment and the only way to lift its SP is the issue of okish trading update. Until then, it’s a falling knife. Don’t try to catch it, don’t FOMO
I’ve got a feeling that 150 won’t hold for very long
Synt has a trading update on 30 or 31 January so will be interesting to see whether they’ve done any progress following the RI. Might add more shares before the update if technicals on the chart indicate reversal
If we get lower low today, I’m not touching this poo for another month or 2
Dark looks less than optimistic on the chart.. I have a buy level consideration at 280
The most likely reason the posts disappear is that someone clicked “report post” which made it automatically hidden. Suggestion that it has anything to do with MMs is a bit overshot. You can say whatever you want as your personal opinion. Asos soon goes to the moon.. 15£