Worries/Frustrations19 May 2021 14:30
Seems to be a lot of folk sounding worried today. I get it, the SP is down and no investor (other than a shorter or somebody wanting to get in lower) wants that - it's frustrating - and that is a word used a lot on here since the highs of March. But this is how the game is played.
Even if this was back at the March levels today, I wouldn't be selling (would you?)....this will go up, and higher than it did in March, there is very little doubt about that, it is just a question of when, and I think that will be sooner rather than later, it's all very nearly over (at least in the US and UK) and back to business as usual!
Look at the price in June last year (c£1), that went down to the 20's by October and stayed around that price for about a month or so, before slowly climbing up - we're in a much much better place than that now, and we've only been in the 80's for a week (that's right ONE WEEK - although it may seem longer), this will climb again!
Lack of RNS is again frustrating - some might say mooky isn't here to wipe our arses or hold our hands and he is busy - all fair points, but the other side of that argument is; isn't that part of his job to communicate with shareholders, as he ultimately answers to us - so to me it is a valid frustration, one I felt myself. That being said, what impact would it really have had this last week....probably little to none, the market has had bigger issues than to worry about if we have opened our doors - and we're not alone - even if the MMs have taken the **** at times.
Hold tight, it will make it's way back up, it just needs a little time and we are very nearly there (relatively speaking from where this has come).