RE: NoFear20 Jul 2021 16:46
Hi Newguy2020
Nice to hear from you and what a pleasure to discuss with sound minded people like yourself.
I indeed bought old pmo back when it was 19p and sold in the 31p ranges as the oil price were
rising high.
Unfortunately the Jeffries broker mistakenly indicated that once the Pmo was taken
over, it would had given us new shareholders a base price of 30p old share money or £6.
I've sadly advised my colleague and her best friend to ignore the rumors and get in.
Moreover, as the Pmo fomo continue these friends of mine tooke the plunge and bought in at
29p or £5.80. I had strictly advised as sure bet to only buy pmo around max 23p or £4.60.
However, they both decided to buy at 29p and today they're nursing almost 40% paper losses and very very disappointed just as I am too. Therefore, just as I've suggested to grab more money and average down, my friends have refused to do so and prefer to sit and wait for when it will rebound and are no rush till that time comes.
Thankfully, I had spare cash and had managed to average down 22.89p or £4.58p.
However, I really wish I could buy more but for now my max invested is aprox. £92k and that is it for now.
Where do I see harbour energy shares going from now to three monts time? There is no reason to doubt a
rebound in the share price do the fact that just like us also many small and big investors would had worked
out the current share price to the old price and would see a damn good bargain and buy Hbr at what was the
old price of hbr 15p. Don't underestimate that there could be big players ready to get in at their desired price
and this could shake the hbr share price temporatily to let them in.
Once these investors have got their entry, you'll not going to see hbr at these super low levels.
Ignore the fact that it can still go down because it had more room to drop as it just pure nonsense
and soon I prove it to the no sayers that keep posting the next stop £2 or £2.50.
I therefore estimate hbr share price to be by the first week of October at plus £4.90p or 24.5p old money.
By January 2022, we will continue towards plus £5.35p or 26.75p.
Finally, as for Cine, it will all depends if the Cinema need to close up if it was requested by the UK gov.
If however, they're allowed to remain open with social distancing in place until most the country is a vaccinated or has a pass to get in, then the share price should rebound slowly towards the plus £1 level. Anyhow, please don't ever despair or over worry as paper losses are just that till you crystalize them into real losses.
Take Care and good luck to all the long holders. NoFear(*__*)