RE: Sun is shining17 May 2023 13:47
STU
Its quite easy to see what could happen in this stock. It was sitting at 1.2p for months and in January as well. people couldnt believe when we so close to IND (We all expected that to be around early Feb) why it was not moving and why people were not buying. Then the CBR RNS comes out on Monday out of the blue and this starts to move and continues to move towards 4p. When the placing happened, a few large disgruntled traders sold off and people followed and this kept going down. Then IND was delayed slightly and thats where we are now
SO, most LTHs are fully invested. They are just in wait mode. Most new investors or traders are trying to time this and as i stated will most likely start to look at the price end this week or next week. They will start buying in days before news landing and then it will move fast. Once that happens and new investors move in, this will be out of the control of small moves and small trades. We all look forward to that time
If you are trying to time your entry, good luck but don't blame anyone when this moves suddenly and you don't then understand what triggered it .... rather than saying why it didnt move you will be trying to work out why it moved so fast