RE: Technicals30 Nov 2020 10:32
Good morning 944. I have 3,500,000 reasons/positives for UFO if that helps! I don't need to go in to specifics as we're all here in the hope and expectation that the Company does indeed do well and prosper and as working on the same fundamentals etc.
My concerns are:
The rapid decline in the SP. Don't forget that I came in a 2p unlike others who were fortunate in getting in way earlier. However, there are many that came in even after me, so YES they also see the SP in decline.
The constant ramping is not helpful nor useful especially when there are outrageous predictions flying about.
Let's be thoughtful about this for a moment...
The SP without some damned good RNSs will continue to falter in the short term.
YES we did reach up to 2.88p but we are where we are now and it will be difficult to attain the previous dizzy heights again due to the following:
Psychological SP prices to sell: Those being 1.5p, 1.75p, 2.0p and so on. Because the SP sank so low (relatively speaking in the short term from newbie PIs) there will be many PIs who will sell at the first sniff of a profit and thus causing the SP to dip again. The next 6 months will truly be a roller coaster.
IMHO the SP will not soar or rocket before Christmas 2020. Of course I'll again get shot down and berated, but it's my opinion based on experience and common sense which seems to be lacking on this BB.
I would love to see "3p by Christmas", but I doubt if it will happen. Christmas 2021 is another thing completely.
So unless Bill has something up his sleeve, we are where we are for a good while.
NOTE: This is not in any way a deramp as I want the SP and UFO to do well, I am just being realistic. If you knew me, my beer glass is half empty NOT half full and I tend to look at the negatives more closely.