RE: mysq14 Aug 2018 11:27
It's simple. Buy when others are fearful, de-risk your initial investment when the share price doubles and leave the remainder in at the original price you bought in as "free carry". Then now and again as the share price hopefully continues to grow, shave off some more profits when funds are needed.
So now seems a good time to load up with MYSQ shares because despite me saying it time and time again, when news lands here, any chunky buys tend to go to auction and stock becomes relatively difficult to get hold of as the MM's will keep a tight control of things.
1.25p appears to be the bottom at the moment and we should hopefully bounce off this level and start to push northwards with the positive news flow coming our way. As soon as the Payments Platform goes "live" then our company price tag goes-up, which means that any company that is thinking of buying us will typically have to reach deeper into their pockets to acquire us.
I believe that Eric will eventually look to sell MYSQ but not right now as the company needs to build-up its links and product portfolio and forge new partnerships. Tencent have very deep pockets and when the timing is right, I foresee them coming back to the table to continue discussions. However, there are plenty more companies out there who would look to buy us out or joint venture with us. It comes down to timing I suppose.
Put it this way, there's never a dull moment here and that's why I like being invested here. GLA and stay resolute. Ignore the derampers and stick to your guns. Remind yourself of the fundamentals here and why you invested in MYSQ in the first place. Don't get swayed by the Soggy Biscuit Crew.