Reality check: Just my opinion13 Jan 2021 10:01
I’ve held Amigo for a while and will continue to do so, but here’s what I think. A largish trade was made yesterday and within a short space of time it’s all over the bb that someone knows something. Meanwhile, lots of people are watching and waiting for some positive news and a reason to buy back in, which then happened and caused a bit of FOMO continuing into this morning. The mm’s wanted shares and I managed to sell some at 9.8p but I’m still keeping the rest just in case. Yes, news is coming, but I don’t see any evidence of a takeover or that the news will be anything other than what we’re expecting i.e. AMGO will begin lending. On the plus side, there are a lot of potential buyers waiting in the wings and the price will rocket if the obstacles can be overcome. Ta.