RE: Absent Friends?21 Jun 2021 19:17
Talking of ITM, I recall a similar 'SP drop on good news' thing seemed to happen for a while back when ITM < £1, . My theory at the time was people had such high hopes, coupled with such impatience, that the next RNS was always anticipated to be the one to catapult things forward. Of course each RNS, despite a push in the right direction was rarely the big one impatient PI's hoped for, so always resulted in dissappointment and a bit more selling than the news deserved!. Does anyone else feel this is sometimes a factor?
The eqt chat here reminds me very much of that for ITM at the time, more so on advfn, although less colourful characters!
I'm not pretending EQT will rocket (with patience) like ITM did, but I'm not ruling out a lesser imitation.
The things that attracted me (I jumped in just before last fund raise) to EQT as a 2-3 year (at least) investment have not changed, I still find the prospects highly attractive and if I were not already overweighted on eqt , I'd be adding.
I'm conservatively expecing to see SP touch a cautious £0.25 again within in a couple of months and by the end of the year on its way to its fair value 4p + , with some typical AIM wild and annoying swings in between.
PS, sorry I never post here so will no doubt be accused of something! I know what you lot are like ha ha! Best wishes.