RE: Bottom reached17 Feb 2025 10:08
Well I called the bottom at 26p, but it slid below to a touch below 24p, so another large top up locked in for JO. If it drops to 20-22p then happy days. Great chance for me to average down a tad further - although my average buy price is pretty decent at 25.5p now anyway.
Looks like there is support at 24p, so a recovery play will start to kick in at some point today 24p, 24.5p, 25p, 25.5p, 26p, 26.5p, 27p...when that starts lots of investors and day traders will come out of the woodwork...all waiting, all watching...ready to strike! And so they should - easy money to be made here at some point. The upside is substantial. It's not every day that a stock gets booted around from pillar to post. All of which is a reflection of the incompetent CEO.
Of course, what is needed is an RNS to be released to say the 'CEO has lost his marbles and has been pushed out by the weak and inept BOD'. When/if that happens, the Wood Group share price will turbo-boost! Lol