My thoughts16 Jul 2020 23:18
dish - daily.
http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=ZGguecBygVRU3YO2Mz7fNVqoNXiQqGcPI1Z3Bm3iB6A%3D
evening folks....just a quick post here with my view....and then i intend not to post here for while.....too much nonsense from the doomsters for me i'm afraid! much rather spend my time enjoying the summer.
Firstly i will be frank and honest and not mix my words here....i always have rule...."the market is always right!"
if i'm at the wrong end of position....its me that's called it wrong....not the market....so then i need to see where things went wrong...
Clearly here the market does not agree with the changes and the new strategy Bigdish management are making.....and hence the drop.....
I think it's important to respect that message the market is sending imho......and the so should Tom and Adain.....they really do need to send a more positive message out....explaining in more detail and clarity whats taking place here.....and they need to complete the funding issue and provide updates.... because that is undoubtedly a cloud hanging over the company atm.....
We have had some very loyal lth's selling here recently....and that says it all...Spero has always given a lot of time here....as well as others....and the their honesty and integrity is good to see.....hope they will get back on board soon...
Now i have that out of the way all is not lost here imvho.....
I actually think the new strategy and app can work in my opinion....and the "free for 2020" while it sounds like bad news....may well be a blessing in disguise....
This could take a while to recover from here....and i too have derisked around a third of my holdings....as 2.10p was a key level i was watching closely....
Looking at the future now.... i actually think we may have bottomed at 1.40p imho...the chart (link at the top) you can see 1.40p has historically been a level buyers have come in.....
If 1.40p goes then we could drop to 1.15p/1.20p....if we go there i will be buying back the shares i sold.....
Otherwise i will patiently wait for a break above the blue falling down trendline.....as real strength will only come in if we break that level..... and this moment at least i only want to add into real strength....
I honestly do think this is a good company and aside from food producers and food retailers there is not a business in the land that has not suffered due the current virus situation.....if the virus didn't happen we could quite possibly be in a very different place here....but as things these new strategic changes are good for bigdish longer term...
That's it form me....bit of a long post....but my last for bit....unless i see some key technical developments....
Stay lucky, stay patient here....and most importantly stay healthy folks....
atb, wdik, dyor,
trendfriend :)
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