RE: The Impact Of Good Results25 Jun 2024 15:52
Why would it be 1.6? surely it'll depend on the news that comes?
and, even if it does (and it's going to take something rather prominent, rather than just another £20k acquisition that gives a licence to somewhere but which is only another brick, rather than a wall or house!), the question is, surely, FROM what price?
sure, the day traders will say 'BoD bought at 2p and say it's worth £1' and a few here will say it's worth 10p, 5p or a modest 1.6 but you only have to look at how many here are underwater to realise that any spike will see a rush to the exit.
the only thing that'll make the price move the way holders want is approval of their stablecoin but i suspect that is months, if not further, away.
the most obvious question is: why is it worth 0.75, or 1.23, or higher or lower? there are just no reliable numbers to call on and, even when there are, as with SAE, the snapshot of reading the headline is a lot different to digging into the details... but, by then, most traders are out, leaving everyone who believes the multibagging potential. i fear the only folk who will really benefit here are those that jump onboard any 'good' rns, with no dreams of it being £2.50 before they die!