RE: Dropping like a stone25 Apr 2018 18:32
It is all good to appoint CEO but that does not warrant a +350% spike in 2 days....that is asking for trouble.
CEO does not start until few months. There is no deal currently in the process. This rise was too much too fast, probably folks thinking oh...this is going to rise like PYC...look what happened there.
This kind of rise on the back of some solid partnership deal might have been justified. Punters pumping it earlier probably bailed out at the top leaving the rest holding the baby who might find themselves trapped until some kind of deal comes through as and when it happens. TBH this will drift lower in coming days as the punters move to their next target. Same old AIM...,rinse & repeat. Don't like prople trapped as I have made similar mistakes in the past. Still learning though.
Just my opinion. ATB.