Every Time,12 Apr 2023 12:09
as I have said in a few in my posts of late, as the SP goes up sellers are there taking advantage of the rise, a few making a small profit whilst, it is my guess not a fact, others are just getting out with a loss, small for some, big for others, and the odd one just getting their money back. Just to get out and be damned with the stock is what a lot are thinking.
THERE IS NO POINT LOOKING FURTHER THAN THE BOD, for the reason this stock does not go up. I have not read, or have the time to read all the many posts, as a lot are repetitive of what others have said, I just repeat what I have said, many times.
Miracles may happen, even Wick won a Highland league game last weekend, proving miracles do happen and away from home.
There is no faith in SEED or its predecessor FFWD while we have the same BOD. YES the holdings look decent, YES the SP should be around 6p, NO to buying because investors, especially outsiders, are wary what the NAV will do in time to come, with the BOD looking like they are only interested in keeping Seed alive while they are getting an inflated amount of wages.
We may if the current trend persists get to 2-2.2p as a floor, but we may drop back to the 1.75 p range before we do this. There are more sales than buys, so how can it increase? Some buyers are coming in at 2p+ just in case they miss out. This has happened before then as the price goes up more and more sellers come back to push the SP down. Traders will take advantage of this, buying under 2p and selling at 2.2p. I may be wrong but buying over 2.1p will not give you much of a profit in the immediate future.
The one big hope is that the NAV remains around 7p+ and sales from the portfolio at under their value do not let it drop.
If the price drops to 1.75 p which In my humble opinion is the lowest it will go, unless the NAV falls, I may just buy a few thousand more at under 2p. investing my returns from the families premium bonds, which disappointed this month with wins of only £200.
Since Christmas I have been extremely unwell with this virus that is prevalent around here but am now 85% recovered, which may be a disappointment to some!!!!!!! I keep entering two s and one p, then have to correct it, when will I learn?
Cat has cost me £680 the last week, so investments in vets may be a good thing. It is not an age thing, just a me thing.
Enjoyed our Easter services at church, but today off to another funeral at church.
At least the Blues look like they will not be fighting relegation at the end of the season.