Member Info for Matthew125

Agree, this stock will be gold in the long term (only risk could be a buy out) but the main risk is the opportunity cost of sitting in it for years! I bought a small bit back in 2015 but really started piling in late 2018/early 2019. I want to keep some here LT as I'm so confident this will be a high cash flow business with good dividend but I'm a bit peeved that I have so much cash tied up here waiting for some positive price movements.

Did your order get filled? Seems support may have been found, we will see what the weekly chart looks like if this holds!

Well, 100% spread really tops it!

@CrystalBallBroke Purely on a long term technical perspective of price levels and on the shorter term descending triangle which means a break to the downside could be nasty. On a more bullish note, bullish divergence on the daily and weekly RSI could point to a rally in the short term.

On a pure value play this is very undervalued.

Not happy with this price movement as there is next to no support below these levels. Moonman, you may have been sensible in jumping ship. Hope I can cut my loses as quickly if this weakness continues!

Just when the price looked to be moving in a positive direction. And that is a new record for spread for me!

Well spotted Gunfish! ;)

I did manage to poison the well though! Lets hope it is only for a day or 2.

So I expect a 500% move tomorrow....... probably down! ;P

Got to be one of the biggest spread I have seen! Short term trade anyone! ;P

An opportunity for someone else. I am too heavily invested here already and cheap as it is, it is still above my average buy price. I am still bullish on this project but the opportunity cost has been painful! Hopefully dilution will be limited and my faith here will be proven with at least a 10 bagger!

Had a small position in this for a while. One of the buy and forget types! Company seems badly run but there also seemed huge potential in their sites, well one at least! Was 50% down but this move has pretty much took me back to break even. Anything less than a 10x isn't of much interest to me though! ;P LOL

Always feels bad when you buy a share just before a big drop. It is why you always need an exit plan to cut loses (or take wins). Nowadays, I never buy in one hit. I rather average in at higher prices than invest a full amount and watch a 50% fall.

Bought a nervous position here. Despite the price weakness, it should find some support around this level and bounce. I say nervous because if this does break down, I don't see any support until around 27p! that's a big drop from here. On a more positive note, I looked through the balance sheet and income statement and SGC really does appear undervalued. Open to listening to other opinions.

I know! It is a great opportunity! ;)
Bought a bit yesterday and very tempted to add today! Will probably watch for a couple of days before buying more. I want to see a strong reversal before adding.

What else was going to happen with no one allowed to the pub for so long? I agree that all businesses need some sort of re-opening strategy. Something like a 3 drink policy might have been beneficial here. Myself, I like a drink but haven't been out since the easing of the lock-down. I don't think it is worth the risk.

Probably because I was thinking of buying some more today!

Also toying with the idea of adding here. No idea what is going on here but the price action smells like something is afoot!

I guess it is the difference between trading and investing. If you are investing you really shouldn't be paying too much attention to price charts. Still, it was quite a strong finish to the day.

Charts aren't depressing or anything. The price is the price. Only depressing if you are wishing for the price to go higher! Mind you I'm also not happy with the price action as it is breaking minor support levels. Weighting up if it it worth holding/waiting much longer or cutting this and investing elsewhere. Longer term I still think AA will be ok but I didn't invest here only holding for a mid-term trade.

Puzzling over this question myself. Think this might be worth a trade! GOLD is always in demand but will probably back off current highs plus KAT doesn't produce anything! ;P