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I'll certainly take what we saw today, however there appears to be that line in the sand at 3p which we can't get north of.
There was some fluttering of the eyelashes at 3p, but for whatever reason no impetus to take up the offer.
musicman_999 wrote: "no news / no RNS means one thing watch it slide back"
I am also holding some GST at the moment. On the release of an RNS recently, we saw a 60% jump in a day. However the MMs managed to get to work on it, pi*sing on everyone's chips and gradually walked all those gains off over the following weeks.
Hope they don't try to repeat the trick here. We need to get over 3p and keep tracking north.
Good positive opening, heading in the right direction.
Now it looks as if the MMs are at it again, taking the air out of the balloon and walking the earlier gains down.
Would love to see just one day, where a strong opening is built on and the price continues north.
For my money this is rapidly turning in to a real test of faith. I'm sitting at a 50% loss at the moment and it is like watching a tyre with a slow puncture - every day a 5 -7 % drop.
Who is actually making something out of this at the moment?
Ordinarily I would have packed this in ages ago, as given the scale of the current loss I would have cut and run.
On the plus side, if things are as we hope they are, then this type of research cannot be rushed. There would be no point in coming to the market, making statements about increasing efficiency in the mining of Bitcoin, only to have the performance level of an old Austin Allegro.
Multiple tests will have to take place to ensure the efficacy of the mining chip before anyone will steak their reputation on this product.
However at the end of the day we have all taken a punt on this, whether or not some have a better insight into the market than others.
As ever. Following a good rise on positive news recently, those Market Manipulators are managing to walk the share price down again, knocking up their 10-20% here and there.
They would appear to be at it again today. Good positive opening, then these immoral vultures swoop down and get to work on deflating the price.
I think we need to see some decent buys in the multiple-millions by some heavy weight investors to see this really start to head north.
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.
Thanks to everyone who concerned themselves with my spell of unemployment.
I am pleased to say that I spent some of this week undergoing an assessment, and consequently have been offered a job with a start date in a month's time.
Without news this, like so many other shares, resembles a tyre with a slow puncture - just going down and down. Today we've seen another example. After a push to 3p in the last week we've now been pushed back down a couple of percent each day.