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Admittedly, it could have gone either way this morning, but to drop >70k on a share that moved some 450% on the previous trading day was a huge risk imo, I can think of at least a dozen AIM stocks that are hugely undervalued with a much better risk/reward potential, Gla.
I understand your enthusiasm skier1, I really do. I have punt money in here because it will fly on the right news, but until the spread is sorted out, interested buyers looking to load up prior to news will be put off imo. Gla
I'm not sure that it is impatience that makes people sell quickly, I think it s fear because they are playing with money they cannot afford to lose. The second they place a trade, they are psychologically on the back foot (so to speak), subsequently, as soon as the sp starts to move against them, fear kicks in forcing them to sell often at a loss.
I think there is a 50/50 chance of fireworks tomorrow. Unfortunately, I am tied up in meetings for the better part of the trading day tomorrow and am considering setting a sell limit to lock in profits if this does rocket. Unfair to ask really as anything could happen, but does anyone have an educated opinion of where a realistic sell limit could be placed bearing in mind only 34m shares in play. I'm thinking around the 15p mark, thoughts please.