RE: CPI TO SKYROCKET BY 200% - 500 million pounds deal for ESS23 Jun 2020 11:22
I think there are a lot of investors who are getting excited that a share they probably bought at 100 and crashed now looks to be rising.
The ramping is usually by people reacting to any positive news and ignoring bad news. Confirmation bias cost me thousands in my 20s. I hope they don’t end up making same mistake.
I believe the stock looks to have some legs and could go on a steady rise, up and down a bit the next few months. However, it is far from a certainty and they are not out the woods yet. For the record I bought in at 26 and sold at 49 two weeks ago. But I hope this share rises as I wish people well who are invested here. At 53 years old you lose the FOMO or the “I sold too soon’. Any profit is a good one, if you keep taking profits you keep winning.
Good luck to everyone still in. I hope this gets to where you want it.