I only found out today that I just lost a few K on one of my favourite construction companies! Perhaps that's my problem, I remembered them as a construction company. Anyhooo............I don't whine about losing money in shares, it happens, though like some I think there's been economical truth here. To be expected I suppose, and optimism plays it's part.
Overal, mustn't grumble, I don't know if I am up or down overal on these, can't remember. Neither here nor there, shame though, I LIKED this company though that has **** all to do with anything!!!
I too am in construction: Newbuild supermarkets. Whilst what you say isn't wrong, LADs do not work in one direction. We occasionally fit out a store which has been built by another contractor, say in a mixed developement scheme...............and when they hand over to us late, whilst we make every effort to keep costs down, our primary duty is to protect our client and pass back any costs for accelerated works right back where they belong. Our programs are tried and teseted and we never miss a date.
If a shopfitter is not given go ahead due to planning etc, of course there is pressure to complete a project at no additional cost to the client, but no sensible company would cover losses from their own account!
Lol, it's neither...........it's convergence. Good shares attract sensible people, and despite this languishing for months, and possibly for a few months more, I'm convinced it's a good long play. I'm in a few like this. Out of PSN now, but still in ROK and SDY
I think the posts are there for all to read. If they choose to follow people it is their business, if they then choose to think the best of someone who has blatantly ramped up a share, also their business.
They certainly can't say they were not warned.
Hopefully though wig, a few more people will realise the kind of character you are.
It just isn't necessary to outright lie to make money in life.
I hesitate to say pump and dump..........though there's probably been an element of that here, but the simple old adage buy on rumour etc ALWAYS holds, so it didn't take a lot of figuring out on my part, lol.
I always play this way. Consider.........
You sell say at 4p or so............if the news comes out and it's good, you can get back in and all it's cost you is a few percent of profit against NO risk. Do it the other way can cost you half your holding.
On the subject of RNS, if already in breach, not a great sign, is it? You'd hope that if there were a problem getting figures out they'd at least post that info. Still, whatever happens, I simply don't think any RNS will be good enough to substantiate a 100% rise in a few days. It's been traded, that's all. People get £note eyes when they see this kind of rise and don't profit take when they should.
Don't count on it. There may be...........but if the news is not brilliant, or if the news doesn't come, it won't swing it will just plummet.
As I said yesterday, the smart thing to have done with this is sell..........at least enough to cover your costs so you're de risked. Keeping everything in would be a massive gamble in my opinion.............the smart are probably out already