The reality of today31 Dec 2020 17:33
The update was excellent as it effectively proved up the concept of SYME as a company so genuine holders are naturally delighted as the floodgates are now open!
Short term traders wouldn't have comprehended or cared about the actual contents of the update today so sold and took their 10 or 20 % and moved on which is fair enough, I personally won't be letting go of any of my golden tickets until at least 30p but I understand everyone has different targets and sell points.
The MM's had a great day as they were allowed to take out stop losses and grab a nice chunk of shares which they will be able to able to sell for 0.65/0.70 + Mon/Tues next week and 2p + once the next update is released before the end of January next year.
So all in all genuine LTH's are very happy and will reap the rewards all through next year and beyond, people who allowed the MM's to rob them of their shares today will most probably see the sp at 5p + next year and wish they had just held on but to hold on and be patient you need to know what you are holding on and being patient for!
3 % gain on the sp this week, I fully expect the sp to be back above 0.70 early next week, if it isn't then I may be forced to grab some more of these golden tickets, the uninitiated selling can in fact work in genuine LTH's favour in the long run!