I just take a chance that the share will drop at least 40p so if I bought back it gets me about 12 extra shares after fees but I’m more into putting the money into other companies. I have a few other companies I have been following for a few years so if I miss an entry point I’m more than happy to put my money elsewhere.
Ufo seems to follow a spike every 2/3 months and since we have just had a 35% spike from the lows it looks like we could be in for a little wait for the next spike?
Institutions will use charting and if the charts say there is lower to drop they won’t be buying in. Think the share needs to show positive uptrends before more buying happens.
RE: 0.6p Today? That Would be a Thing!2 Dec 2022 14:47
Smiler, at the moment there is far too much choice for investing with big rewards, Even FTSE companies can 3 to 4 bag in a year or two with possibly less heartache than AIM.
RE: 0.6p Today? That Would be a Thing!2 Dec 2022 10:35
Foreestgump, the last time it tried to break 1.2p it couldn’t make it and just kept dropping. If it makes 1.1p I’m going to sell the lot and buy back on the profit taking drop. If I have timed it wrong I don’t care as I would have still made 2.5 times my original stake.
RE: 0.6p Today? That Would be a Thing!2 Dec 2022 07:42
I can’t see it making the highest risers three days in a row but it would be nice. There has to be a profit taking rise soon as it’s a 35% rise since last week for who ever bought then,
I’m really happy I sold out of Lloyds earlier when it hit 55p but not so happy that I sold some of Bp around £4.60. I’m holding onto the rest for past £6 ;-)
I sold 500 Psn shares last week when it hit £13.50 and topped up my Ufo shares and he1 . I sold some he1 and bought 274 back yesterday and plan on buying a lot more back when I sell part of Ufo.
Also next time it hits £13.50 I’m selling another 500 to trade elsewhere as I can’t see this rushing up anytime soon.