RE: WHERE WE ARE...29 Jul 2019 20:01
Not sure what heppened there...
I've been "investing" in AIM for about ten years, it's taught me a few things:
- in the run up to potential news rampers appear, price goes up (sometimes a little, sometimes a lot) often the good news doesn't appear, rampers are long gone , taking their 10% (if you could guarantee 10% profit 50% of the time why wouldn't you?)
- because of the above when good news does arrive unless it is a blockbuster the 10% merchants left sell and depress any uplift. (Sell on News!)
- This is what is happenong here, like it or not.
- Traders money has gone for next 6 months or so.
- MMs need churn to make money, they dont "trade" they take a very small % off every transaction. For the next 6 months, in the absence of news, I expect them to drop the price to encourage fear but also to attract buyers.
- Expect a gradual drift downwards for next 3 months or so.
- My perceptions of AIM have served me well over the past "2" years!
All IMHO etc etc