Why am I so negative about UKOG?29 Apr 2020 13:28
I'm not.
I've had negative and positive periods, depending on circumstances.
And I'm positive about some things and negative about others.
Right now I'd say I'm on the positive side of ambivalent.
Why did I buy more shares yesterday when I'm so negative all the time.
Again, I don't think I am.
I bought more shares because UKOG issued new share to raise 1 and 1/4M in new funding.
I am negative on that choice, but;
That should impact the company value by 1 and 1/4 M less than a tenth of the company value.
Instead the value dropped by 1/3.
I don't see that as a reasonable reaction from the market (short or long term) and I'm an opportunist.
Was hoping it might even bounce again yesterday, sadly (for me at least) it didn't.
I'm happier with small profits if they're fast profits, but positive enough to believe that I can wait out a bigger profit, still within a reasonable time-frame.
Hope this explains for anyone who asked (or may have just had a passing interest).
:)