RE: Irrational AIM..4 Oct 2018 15:42
"As of last trade, Solo Oil PLC (SOLO:LSE) traded at 2.32, 14.59% above the 52 week low of 2.02 set on Jul 09, 2018".
What the hell has that got to do with it? Slightly over a year ago this share price was 6.55p! It is about a third of that now! It was a damn site higher earlier than that. There will be little blips both up and down but in general it is absolutely clear this has been, just as predicted, stagnation or a slow drop due to erosion of confidence and running costs. Throw in an odd dilution to speed things up now and again. Nothing has changed it is still the same old story wait, wait, lure a few in get a little rise rinse them out then drop and wait again. Recovery is no doubt "just around the corner" but it is one hell of a corner because we were being told that a very long time ago. The philosophy breaks down to two camps; every day that goes by is a day closer to recovery and every day that goes by is a sure indicator this is a dead duck. You pays your money and you sits in your camp. The problem is when people start talking about rationality and certainty etc then that's just plain lies. There is no reason to buy now, I thought there might have been two weeks ago but no I was right before hand.