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The day traders keep trying to widen the trading range, but strong resistance at present, glad I bought a lot more at 1.45 on Thursday, as it's only going to move in one direction over the next month
I suspect there will be a few who haven't been able to top slice today, who choose to sell some of their shares in order to pay for their shares bought last week or yesterday.
They can then keep their residual profits in the form of shares, Achieving risk free fun!!
It may be a slow grow until the end of the month, as day traders will probably pour back in a week or two before 11th May when it will surge again, towards the 3-5p
FCA decision probably 11th to 30th May as FCA are short of staff and this is a new type of banking framework for them to consider. GST is however exactly the type of company that Sandbox exists to help test their product, so I'm not at all concerned even if there is an apparent slight delay by a few days.
The Board bought in at 2p, and in view of them mentioning 100x growth at a similar time in one of their presentations, I think that they are hoping for at least £2 but with inflation this could actually look more like £2.50 so that would be their valuation for 1% of the market, which they mentioned on the Sunday lunch presentation.
Therefore if we can get a bigger slice of the pie, we can multiply that.
Being the first regulated Stablecoin would possibly get us a much bigger slice of the UK pie and as one of the financial hubs of the world, if it's priced correctly and marketed well we may get up to 5%??
The problem is that the market is becoming a magnet so more players are bound to join over the next few years.
£5 by 2030 would be my estimate and I could retire a very happy man!!
The current spread is 50% of what the whole share price was 9 weeks ago.
We all knew that this was going to take off.
The only reason for some being so negative around and after Christmas was to drive the share price as low as they could, in order to collect as many cheap shares as they could.
They are now laughing all the way to the bank or should I say, to GS Money!!
Enjoy the ride
The news throughout the next year and onwards is likely to bring a lot of Newcomers, often asking questions that most of us have asked each other over the past 3 years or so.
We should be welcoming them rather than dismissive as we were in their position once!!
GLA LTH and Newbies!!
Yes Billy, this is why I said 1p by now and 10p by end of March 24, back in February.
We know that Rishi was backing progression of FCA backed Stablecoin, whilst Chancellor of Exchequer so him becoming PM for this year at least, should aid progress
Not sure why anyone would like to be a "daddy wink wink" but hopefully you'll get some counselling soon.
GST have achieved all that they have planned to so far.
FCA have delayed things a bit, but we are still fully on track.
The next few months will continue that progression so I think the SP will continue to grow, with some minor bumps in the road as some will reach their sell-points, whilst others will discover GST for the first time.
I doubt we will see another week of trebling every week but would expect it to double each month until it reaches a point where all PI'S who want to invest have and most industry focused II's have.
The break-out will occur where pension companies start to invest as part of their Accelerated Growth Funds or Fintech Funds of the future.
GLA
I knew that I was on to a winner, despite the severely overdone drop since 2021.
Just had a rather liquid Tamnavulin lunch and looking forward to the next 12 months by which time we will be at 10p per share minimum!!
GLA especially LTH