RE: Funny08 Feb 2022 13:30
I came in right at the top of the last spurt (at 3.7p) so this has been a rough ride for me - I am still 20% down.
Perhaps it is me, but there does seem to be a concerted effort to hold this below 3p, and whenever it looks as if we're about to see it start to put a decent bit of weight on, the MMs would appear to get their foot right back on its throat.
There have been some wild predictions as to where the price would be by now. One punter on another forum reckoned 'he heard from a couple of brokers that the price would be 120p by Christmas.'
If only!
Persoannly I was rather hoping for the price to be north of 10p by now, so as I could skim a few quid off the top.
I suppose in essence it is a case that with the laughable 'regulation' in the AIM then this is the type of share that can be continually walked down at the whim of the MMs.
The last good run of the share, from late summer to early Autumn, was probably due to a high expectation of news breaking. No news was forthcoming, or rather the news seemed to continue to confirm the work the company is undertaking, and so the run stalled - just as I got in.
The general consensus on here would appear to be that what the company are undertaking is highly technical and is therefore something that is not cracked in a matter of weeks - and that is something I agree with.
In addition, whilst I am as eager for news as the next person I would rather have no news than some wishy-washy and vague statement, which in all honesty would only show that the company is being run by a bunch of amateurs.
Mush as it frustrates me, I would rather wait to hear news when there is something actually worth telling us. Given the potential of this in the sector which we are in, it could well prove to be the rocket some predict, if only things are done right and we bring the right eqipment to the market.