RE: Let's not...29 Mar 2024 14:58
Warrie - if I may say so that was a very powerful post of yours. You are, of course, 100% correct, and the amount of manipulation that occurs in markets these days is quite obscene.
Luckily I had a City career so was party to a lot of the goings on through the years, but everything in my view went downhill from 1986 when electronic trading began to be the norm.
Yesterday here was a perfect example,. The sheer demand for the stock and the size of some of the buys would have ordinarily sent the shares sharply higher - definitely over 0.20p and looked what happened.
But as you've said - it's a buy and hold job. Not a trading stock. Those that topped up yesterday and will hold to 1p and beyond will be the ultimate winners, those who piled in at prices over 0.18p are already sitting on a decent percentage loss.
Lesson: Buy them on Tuesday and hold them for at least a year. There are too many positive items to be announced in my view over the coming 12 months to do otherwise.
Happy Easter to everyone.