RE: Trading16 Jun 2020 11:54
Unfortunately I've seen all this many times before. I'm not saying it's going on here,but I've lost money in LGO,EMH, and a few others. They walk the SP down while everyone hopes and prays the other way. Yesterday I could have sold at 6p plus now it's 15% less. I could say I will buy to average down only to find it down again the next day or week. I'm sure those who bought 250,000 at 8p are feeling the agony. Sometimes shares can go into under 1p territory and then the cash just disappears completely. I don't think that's really a possibility here,but seeing £800 a penny vanishing causes me some anguish to be sure. I'm keeping my cash dry now just in case they drive it back to 2p. The optimists on these chats often say one thing while doing the opposite. Many of the big buys are just those who sold yesterday part or whole to buy back today. Good luck to them I nearly did that yesterday,but did not think it would go down again.
Sorry to be the pessimist, however I have seen it all before. Holding 83,000 here at 6.77.