RE: Since last 10 bag28 Aug 2024 12:16
History doesn't repeat. it's the news that affects the sp. PLUS, only a trader would talk about a 10bagger on a share that can't hold that higher price.
one only has to look at the chart to see this spikes, predominantly because the company doesn't do anything to enourage holders for longer term by promoting itself so holders get bored and become sellers.
bad news exagerates the sells, just as good news exagerates the buys.
BUT, look at the chart and you can see that the average, since Bai joined is about 1p ish. so, you can say that it's cheap now but it might become cheaper still, depending on when the news comes. if DSS comes along with no progress by GST then i expect another fall. if Bonfirepay completes then a spike... if GST's stablecoin applies to DSS then it rises and holds a rise in anticipation of approval (even though there'll be other hurdles to jump).
so, buy now and see if thre's news in short term and see the sp rise. if no news then nocive might get closer to his parotted target. at that point the sp will be so cheap as to be something to chuck a small kitchen sink into.
end of year, if easysend is resolved without too much further dilution AND if the sp rises high enough that Semnet becomes 'cheap' then i'll be happy to wait on 2p+. how high it goes from there....
don't forget, though, this was 1.23 until the company shot itself in the foot with placings with 'maybe' reasons. (Bonfirepay won't cost anything like £1.25million so that was a bit bssy!)