RE: SP is irrelevant30 Oct 2019 13:55
Think so. I probably made a nooby mistake topping up in the first hour of trading today but as I was in at 1.2p first have weathered it. I did so on the basis having more in would make it more of a potential gamechanger in what seems a rare opportunity as it opened well up. I think a lot of inexperienced PIs will have set stop losses which will have accelerated the decline due to massive volumes and interest in a chain reaction. If you were canny buying at 2p and selling at 3p you could have made money in waves today since the interview, but that would be hard to predict. Some will have. It was a solid interview and the spare cash, dividend and the fact the director is in at 5p are both very positive. On the other hand it may have sobered some people up to the fact a deal may take a while and in that situation lots of traders cash in and try and buy back later having had their money working harder elsewhere. There will be people nervous on all sides but I'm fairly confident these are worth 4-5p now and probably much more later. These rampant posts with negative titles won't help the PIs much at all, a real pain but it seems to have attracted allsorts now.