Scenarios24 Aug 2020 13:47
Been a high level of comments on the BB but in my summary of things, I would say
- 'Inevitable' that the board were going to go against the JB 'Social' post. I didn't mind in personally but I think those that read it at length in first were looking at its impact and what it could mean, would they state a positive/ negative or indeed a 'hold'. In my head I suspected that they would react fairly negatively and over the weekend in between the ambient noises and 'chit chat' I would on the whole say that it was 'inevitable' a bit of pain was coming today.
- What now? Well crystal ball gazing, I used the bar chart previous history to gauge how this would possibly pan out. I got in here last week as expru indicated some possible good spikes. I maintain it is a daytraders heaven and that seems to be the case with this latest red after a yoyo esk journey from when I first heard of AMGO's varying state. I do believe there needs to be change and the weeks ahead with the timings will provide that, but in what measure? Its pushed on from the 7/8/9p's and got some media interest so to me it will probably bob around the teens this week and id guess that tomorrow will see either some confidence or a bit of a slow burn again, all subjectively of course.
- Long term? - A lot rides on the next batch of comms. I think given the giddy state of Wed/ Thur/ Fri last week plus some articles where the risks are talked up, I can see some potential but like today it can all very poor very quickly. From the 12p close last wed to opening today at 14.8p its amazing to see how that is a 'failure' but more shows that many people bougt the hype over the Thursday/ Friday and thus subscribed to it. Only those non day traders were ever going to withstand the 'risk' playing out of 3 days of solid growth on the spin. Therefore for me, this is still a daytrade (each to their own).
It has been 'interesting' and 'exciting' to learn about the RNS process and the perceptions.
Lots more rollercoaster and twists and turns. If you can afford to gamble here it may well pay off, but then equally watching the swings on Friday when it dipped at 930/10am its a fickle highly volatile stock, so to me you need to resign yourself to the fact it will go very much good or very much bad, very quickly as the push from Friday to Monday shows.
Overall - it was 12p last Wednesday night - its hovering around that today. Make your own mind up and handle the risk as you can stomach. This one will be up and down further.