RE: Price4 Oct 2023 21:39
Yes, the 350K share sell, probably placed mid morning but printed late, enabled canny buyers to pick stock up for 4.88p.
Early buys paid 5.19p and without the placed sell this would have ticked up fairly quickly from these levels.
The illiquid nature of the stock pulls this easily either way, we need sellers for accumulation to occur, volume to increase and more liquidity.
I’d personally like a bit more selling and the price to retrace as I’m intending to add further, but by the same token I’ve always done well ‘averaging up’, so it makes little difference, especially if a stock is heavily undervalued.
The point is that one accumulates a very reasonable holding, and locks it away in an instrument offering tax free potential.
Once a position is achieved then it’s simply an issue of patience, and belief.
Ask Hoops. He’s been exceedingly patient.