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Hopefully we can break £2 today or tomorrow and build resistance at that level. Today’s announcements from the Chancellor should encourage people to get out and spending again on the high streets.
Yes, indeed. Bigger picture, still a good potential upside over the course of the year
@Ajay9999 advice from a long term holder who’s been here a while, if you need profits take them as it’s a risk. Otherwise you may get spiked and stuck in the share. Saying that, I do think there could be another decent rise but nowhere near the 2.4p average I have (due to the sheer volume of shares, getting back to anywhere near 2.4p would mean a significant increase in market cap). I am stuck and have no intention of averaging down nor selling for literally nothing so I’ve nothing to lose. I’ll wait and see, but not expecting anything! Saying that, something has caused the rise yesterday so I’m keen to find out what and only hope it isn’t a pump and dump or worse still, a pump and dilution...good luck.
Over the past few years it certainly looks like nothing! 5p based on what? 1-2p in very good circumstances, 5p is just a random figure which is based on nothing more than wishful thinking. As I said before, for those new to this, I hope you do make some gains in the short term, but if I were you, I’d get out while you can. As you say, dyor... which based on this company’s performance to date may make for difficult research. I’m not bitter or in any way trying to be negative for the sake of it, just adding perspective to a share which I myself ‘bought into the hype’ -a few years ago. Hope i am wrong.
Although, many of us long termers need this to go to at least 2p to just about break even. Should have sold years ago but didn’t. Price as it is now now means I’m significantly down and have nothing to lose by holding and nothing to gain by selling. Time will tell, but with the sheer number of shares in circulation, there is one hell of a mountain to climb. Not holding my breath and not willing to potentially lose more by averaging down, burnt too often with this share. Good luck to those who bought in recently, you’ll hopefully have short-term gains.
@qwerty59 - that is a very good and accurate post. Some here are dillusional to the extreme or, as is likely the case, don't have a clue and are trying to manipulate others for their own selfish gain. I particularly enjoy the double headed coin persons posts, truly pathetic but comical if s/he genuinely believes the rubbish s/he spouts! (They can't read as they blocked me a while ago as they didn't agree with me...!). On a related note, UKOG have the oil, so it's a case of holding to see where this goes in the short-medium term or selling and re-buying if it drops further. Its a hold for me, but for others depends on their average holding price.
@JTyler91 - that's exactly what I do! If I lose it it's fine as I only ever invest what I'm comfortable to lose. I mainly only post on here to add a random perspective that not all that glitters is gold. If it was as simple as some people say, everyone could just wait to be rich...I certainly wouldn't want people to lose their hard earned money. Best of luck!
@northseatiger - believe me it was as I was spiked around late Sept-Oct! It reached 1.79 or something and then dropped to 1.5 before a slow drift down and down. It wasn't until March 2015 that it started to pick up and I left with a small profit (could have been a higher profit but back the share was mainly sentiment based and I wasn't prepared to find out!)
@wasred - I am invested and have been in and out a few times since the hype and 1.78 spike of 2015. Been in and out since as I said and now have a holding at just over 2p. As a side, I enjoyed your message asking if I'm invested - but you'd already concluded I wasn't as proven by your rant that followed. You don't understand things, and I don't understand why some people on here are so insecure to hearing things you disagree with that you feel the need to block filter and insult people (no insults from you just making a point). One thing this board is good for, is getting an insight into how petty, pathetic and closed minded some humans can be!
@gotti - I don't need to post and hope for a drop. It's already dropped (or maybe that's fake news). I stand by what I've said: no reason for the rise which is why its dropping. Nothing posted on here makes any difference anyway and certainly doesn't impact the price.
As I said yesterday, no reasons for last week's rise so no reason to expect it to sustain. For anyone in over 3p, with the volume of shares in circulation unless amazing news comes soon, a long wait is on the cards. For those who start shouting and screaming insults at me (usually because they are desperate for the share to rise so they can sell at their oroginal buy in point (done through greed)), think logically - and if you're genuinely satisfied with your research in UKOG no amount of bickering on here will change things.
I think people need to rein-in and pull back a bit. I sincerely doubt we'll see 2p this week or indeed anytime this quarter. There is no reason for this rise, so wait for a rise on the back of significant news. *Cue the insults, threats, "filtered" and usual language of the experts on here*
This is still a long way from where it was and will need to be to get most long terms holders any profit. It's alsk still below the price that many on this board claimed 'it would never drop below and now is the time to buy, etc. etc.' Just shows how little they really do know! Here's to hoping this gets over 3-4p and sustains that at some point.