@StayLong I certainly agree that this is very under valued. But I think it will take trial news before that value is realised. I'm not here to deramp. I'll probably not be posting much until I re-enter so don't worry about seeing deramps here - even if I do sound a bit negative in this thread.
I don't think Sang has been deramping. I think a lot of people were buying this recently expecting news in June and then sold once they realised this isn't happening any more. I sold because I could see what was happening, although I didn't act quickly enough. I will re-enter when it tests 90p again. I think this will bounce between 88-110p until trial news and I'd rather my average be at the lower end of that.
Let's hope so. I would like everyone to make a profit out of this. I keep hearing that there will be one more dip in bitcoin to around 28k before it moons however so I think there may be more turbulence in the short term.
There's always one trader who feels the need to brag about their day's work. I am stupid for not selling at £1.61 myself however. It was clear this would go back down when the traders offloaded for the next drop.
Fair point. I would love it if we could stay above 100p, but there isn't any news driving this increase so it seems a bit odd. Although it does look like there may be a big buyer, so some of these shares may be moving into stronger hands - meaning a dip back to 88p is less likely.
Forgive me for my skeptical, but didn't we reach the bottom a few weeks back, shoot up to 106p before falling back down to 88p? I remember buying that very peak. I hope we can continue this momentum, but, but we've been here before.
It's easy to take that kind of risk when you've sold 2/3 of your shares and are on a free ride @djryan777. Most people aren't in that situation and will be concerned if they lose half their investment. Spare a thought for those of us on 20%+ losses at the current share price. I'm sure we'll all be good when Rambler gets further down the road with their turn around plan, but it's so much easier to talk about "derisking" after the event.
Besides, us making money here relies on some people not selling half their shares once the share price doubles because if lots of people do that then the share price plummets as people race to "derisk" first and others panic sell or stop losses are triggered. Especially so if individuals sell 1% of the company in a single day. We'll no doubt have some turbulence around 70-80p because of that.
I don't look at the share price constantly, but it's definitely worth checking each morning for news as we're expecting finance news at some point.