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Did you read the other posts before asking this? A 1'988% increase in the SP is a drop from yesterday's closing price...
Settled now - I doubt you’ll see 60p this month in all honesty... happy to be wrong of course
What on earth just happened?! That leg up came out of nowhere!
*spread betting
Let’s not forget that we are 75% up on 17 days ago too...
Also, unless you’re so ready betting this I very much doubt that you are down 200%
To be fair to Major Buyer he's already acquired the entire free flot three times over in the last week... I'm not sure how many more shares he can physically buy
The ramping is just too much on some boards... yes it’s a volatile share and yes sentiment can influence the price, but on the whole price corrections come off the back of newsflow - throwing out ridiculous price predictions and constantly posting about every fluctuation or trade just detracts from all the helpful posts myself (and I assume others) are here to digest and discuss!
Personally I was in for a bit before the last spike, flirted with selling out and instead ended up topping up on the initial pull back (I never seem to call the bottom) - that means my profit it all but wiped out, but I’m still sat on an average cost in the low 30p’s, so I’m happy enough for now.
The way the placing was received and fact that the price has held up so well following is very encouraging to me in terms of demonstrating the strong level of support here... at the end of the day we’re still trading over 50% up on where we’ve been for most of the last 6 months - most investors would take that
Major is massively spiked here, there’s one on the board for every volatile AIM share... I really feel for them but no amount of posting will change it - I just hope it serves as a lesson to others :/
Hard lesson to learn for anyone getting swept up in pump & dumps... don’t listen to people plucking figures out of thin air, and don’t gamble what you can’t afford to lose - especially if you haven’t thoroughly researched a company’s fundamentals!
There were still people buying into this at 50p... Even if they are sat on these shares for the next 5 years they may never see a profit!
Appreciate the sentiment, but people who bought in late yesterday might not share it if they're currently 40% underwater...
Something about tulip bulbs... congrats to anyone that's bought in but I'd advise taking some of those profits off the table personally
Well said Taverham!
Don’t get sucked in by all the posts from people retrospectively claiming to have bought right at the bottom or sold right at the top - most are lying, and the ones that aren’t just got lucky... they’re not necessarily any better than you at predicting SP movement
Oh great, if Zen’s here then get ready for 3 months of constant pumping while the SP drifts, then when he does finally get lucky with one of his ridiculous predictions people will be hailing him as the second coming
JFK is spot on - in all probability N4 got swept up to some extent in the excitement with the wider Pharma/Covid market yesterday and today... for people looking to trade and take the small risk of being out when news lands this share is a bit of a gem!
This kind of post shouldn't be allowed IMO - pretty poor taste to jump on the back of people who've just had investments wiped out and encourage them to gamble on your own shares to try and win their money back
I’d urge some caution with trading between 5-7p... whilst it does look like a cyclical pattern the last was caused by a substantial 4p placing, followed immediately by positive news flow - that’s clearly not going to be the case every 10-15 trading days!
If your long-term outlook is considerably north of the current SP, but with sufficient volatility trade it upwards then the obvious approach is to trade a % of your holding, mitigating against you being out when the news lands
I'm always very wary of posters that have completely different views on a company depending on whther they are currently in or out...
If you've done your due diligence (which you really should have) then in the absence of any new external information your opinion on the future prospects of a company shouldn't change on a day to day basis... if you have formed a personal view of what the share is worth at this point in time then of course you might trade around that level, but you shouldnt be constantly talking yourself (or others) into, or out of the future viabaility of said company.
When an AIM-listed company announces a massive dilutory raise at a significant discount to current SP and it still doesnt drop to anywhere near your (c. 3p) average, then starts immediately following that up with positive newsflow I think there's good reason to be excited!
Good luck to all holders; including those that did their research and bought on the dip
skier1 - one of the worst investments in the history of stockmarkets?! How many small cap companies do you think have seen 100% of investors' capital wiped out over the years?
I'm well aware that LLOY (or any FTSE company for that matter) is far from a safe investment, hence the inverted commas. But stacking it up against say an AIM share larger multinationals are obviously viewed as lower risk/lower potential reward investments.
FWIW at this price the 7%+ yield and progressive divi policy makes it a hugely compelling retail stock purchase as far as I'm concerned. The advice about buying in traches is very good though and as others have said it provides mitigation against a SP that is currently in a downward trend.
I still believe that 60p plus will be achieved again this year
Honestly, yes (IMHO)… If you're looking to take a long term position then I wouldn't worry too much about trying to call the bottom of the drop and just take a position at some point over the coming days. I think it's highly unlikely that the SP wont have risen about 60p again at some point later this year, and a c. 25% profit, plus dividend payments, is not bad at all for a 'safe' share like LLOY