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This is testing the strong support @ 15.6. Very often the dip before the rise that traders look for. I have just topped up.
First I will show my hand, I bought in low and doubled my money so sold fairly quickly, greed is not good in this current market.
The way I see it right now is the recent rise was based on rumours etc, no solid base or reason.
The company does potentially have a good future, however the finances and the history of the board do not stack up right now, they will need further investment in order to achieve their objectives.
Until there is clear direction and financing then the share price will only drift down with the occasional traders spike. If you are locked in with a large paper loss, as with the high risk of aim investments you’re probably better off holding, as for fresh investment I would hold off for now as it’s far too much of a gamble, unless it once again becomes silly cheap.
As always DYOR.
This is a long term investment, looking every day and stressing over a traders band will not do you any good, at some point the resistance will break and first the gap will fill to around 25p, then will bounce around whilst being traded… but ultimately the problems with company have been mainly sorted, as news comes through and dividends are re instated it will continue to rise and build further increases. This is all longer term, it is not an AIM share, as with all investing patience is a virtue. Ultimately it will pay off.
Have gone in big here, I feel the bottom has been tested and there are positives on the horizon with a new CEO etc. GLA
Doubled my money so won’t be greedy, GLA
Warren buffet has stated the the UK FTSE is undervalued atm.
I am both a share holder and a customer of this company, in both areas they have let me down badly! Poorly managed, poor customer service, old school practices.
They need a major shake up and to get out of the old school “civil service” ways. Until such time as a proper business aware as well as customer / financially savvy board is put in place this will continue to be frustrating.
Unfortunately I am in a place where selling up my shares is just not worth it, I live in hope that a good CEO is appointed and a whip applied to the company of the real world, until that happens it will continue to disappoint.
Looks like a second test or resistance coming up, if it doesn’t break the 30p this time it usually does on the third test. GLA
Results are as expected, market reaction so far is flat, hopefully tomorrow will bring some momentum after the shareholder conference, however my thoughts are this will once again drift down after todays news.
Bitterness and regret and subsequently wasting time spouting venom only leads to stress and depression, it also doesn’t make you money!
No fear, perhaps…just consider…they have just had a cyber attack, part of the process of recovery is isolating all servers on the business and then testing for malware etc, then the testing of and new security measures etc. there may be a very good reason it was not published on the investor page immediately, the priority is customer services security and welfare.
Whilst I agree it is a well run company with great potential and now well financed, without a specific business plan in place, financial targets and market objectives the share price will drift imho, I am often wrong with aim companies so will be happy to be proved wrong as I still have a large holding here, however I have reduced my exposure significantly until such time as things become more clear.
Agreed, I am concerned that there has been a huge cash raise with no clear direction for the use of the funds.
Therefore, today, I have vastly reduced my holdings, we need a better financial business plan than what is available now.
Lots of selling going on but no price movement!
Just goes to show how volatile this share is, huge swings over two days.
I strongly believe in ITX. Very well run company with a very bright future imho.
Todays trades (or yesterday’s at this time of night lol), seems someone is offloading! Hopefully a short term trader who bought at 4p.
Still very confident with this share, a well run company that is in the future.
Yet again a very small percentage of MV sold yet 11% drop in price? Just rediculous!
However I do suspect the price is being held artificially low so the BOD can benefit from share issues for meeting targets, after then I expect to see the consolidation and price increase.
Let’s not get ahead of ourselves eh?
A lot of water to go under the bridge yet!
I too am a long term holder with a significant investment here. Whilst the SP fluctuations are a little frustrating, the long term benefits from this well run, well financed and innovative company are huge. Patience is the key.
I have been allowed to sell or buy with Hargreaves lansdown no problems (dummy sales). However I suspect with todays PA this is being manipulated big time.