RE: While we wait.....5 Sep 2018 17:16
Great post wannabeloaded. Agree with it all.
However...
we have moved a long way since essentially a one tricky pony with not much else to shout about with credible results. Prio to Hav and BH, I would have probably been selling around now in worry the same would happen on bad results from EG, IE tank to 0.5 again. I was in last time when it tanked with an average of 1.8 or so, managed to sell on the day around 1.3. Whilst I lost big, I took a gamble at that stage and bought even more at 0.56 and a couple other tops ups. It paid off. OK I didn't have the hindsight to see it dropping back after Hav or would have taken my profit at 2.2. But this time I feel things are different, we have 4 targets all on the go, the first of which that should see us rocket big time is EG results, make no mistake, if these are good, NM will be back and will will rerate! If they are bad, expect a sell off, and maybe just before given the history here.
My strategy was to sell half on the bell yesterday and wait in the hope we drift as I don't expect any more news until EG results including 3dip from BH given the timeframes involved from firetower and same team doing the work.
So I have half out in cash at present, dangerous yes, but not going to wait to long, def will be back in the next two weeks with the other half once I get my entry. hoping for 1.18. that then leaves me with a lot more shares than this time last year. AND,,, I cant see much down side. IF EG results are bad, sell out right away on the way down, like last time. Then buy them all back the next day and a helll of a lot more, and sit back and wait for Hav and BH results which so far look to be incredible and highly likely to succeed and be driven swiftly along the value curve.
Anyway, of course I could be wrong or right but that's my strategy, I'm trying to use the same 4k float and play the MM's at their own game to gather as many shares as I possibly can with that 4k until about 2 weeks time when it will be to dangerous to be locked out come EG results. but I am no longer scared of poor EG results, as unlikely and I think that is, because it presents a fantastic opportunity to sell on news and buy back for possibly even bigger news with more shares.
My strategy for the EG RNS, is quite simple anything commercial over 2gms per ton and were off, anything under and I sell right away. RNS alerts for those who don't subscribe are great, text message and email instantaneously.
Great post wanna be loaded, this share can be a king maker, and for me its all about gathering as many shares within my budget as I can before what are likely to be company making results on many fronts, remember, we only need one!
Good luck all...Except RTC, RTC I want to see cry inter heshe's cereal.
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