RE: Chart showing sub 2.5016 Jan 2025 14:59
It is the usual everyone jumps on the band wagon and the share is driven up quite a bit more than what it should have. Everyone and their dog trying to trade a quick 20% out of it. Then when it hits 5p people start selling, scaring those that bought in at 4p to think they are going to loose money so they sell and so on.
It falls back to a price that is more in line with the news that was produced....and then it all starts again. The news was great no doubt, but nobody knows what it is worth etc. So for now from 0.7p to 2.4p is probably a percentage lift on the news that was produced. Sure it will trade in between a line of probably 20-30% until we get more news on the deal or any other.......