RE: Why July's 28p high suggests significant upside17 Dec 2024 08:17
Politikos you don't half waffle a load of bum fluff! Especially about "professional" accumulation. First there is no proof whatsoever of this and secondly who are they exactly? Certainly not Institutions, so who?
The facts of the market are for quite a while now there has been negativity to the AIM market as a whole. Nowhere near as much money flows around it like there used to be in years gone by. The budget has not helped matters either. So when the market doesn't react to positive news as it has in the past that is your reason why. I doubt AIM will ever get back to the multi bagger days that used to be common. It is a lot harder to make money nowadays. AIM is slowly dying, not as many IPO's, more vampire funds who lend but want a bigger slice and then flip their shares as quick as they can.
So even if companies have great news, and it wasn't "great" here, merely good, the likelihood of even a 1 bagger is fairly remote. 60/70% perhaps but profit takers soon get out as quick as can before inevitable drop. So the rise here on commercial RNS, given all that went before, and all that still has to happen, was sort of expected. What was it 21p about, the wise got out first thing because in all probability that was as good as it would get, and so it proved.
Now like all AIM shares when a spell of no news, the SP will drop, not just here. HE1 probably drift downwards a bit as well as now looks like after Xmas for news there as well. although Mining Licence could still drop on any day. Have a good one folks ;-)