RE: What next?15 Nov 2022 23:45
Max,
The SP has slipped from 1.0p in February 2022 down to 0.41p. And yes, I've deliberately used the most impacting figures to support my comments. You could argue that in January the SP was around 0.70p meaning the impact was not so much.
This is NOT due to people selling as all shares were hovered up - your words not mine. But UFO appears to be in a steady decline. Yes, I have sold out completely and once other opportunities have been realised then I will be back with an even bigger slice of UFO.
It is entirely possible that the SP falls to 0.35p which I am afraid to say suits me fine because consequentially any potential profits will be far greater than I had imagined.
Things seemed to have gone South since BBG was moved sideways and information from the BOD has not been forthcoming or at least to the liking of the markets.
I fully accept that the perceived silence may well be due to advanced discussions with interested parties, so on this we'll have to wait. BUT whilst waiting the SP slips further.
Not ideal for any invested PI.
Since I got spiked @around 2.7p I have heavily averaging down and then finally started making up my losses and a lot more by frankly reckless gambling with other stocks (as you can see from my previous posts). Had I remained with UFO I would have lost many thousands.
Of course, I'm not recommending anyone to sell. This was my decision and my journey, and I got lucky. I gravitate to risk because possibly I like it and it reminds me that I am indeed alive.
I normally try to post with an Opinion, but in this case, I honestly can't as I'm not entirely sure how this will end up within the next two weeks.
What I will say is that TACET does actually make some sense although his delivery is not always palatable with most here.
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