RE: The problem...6 Apr 2018 21:23
Hi TruroTrader,
Yes. Agreed. I've managed to avoid a total loss so far, however I have come close with a couple of AIM companies and I am still heavily underwater on one currently (may have to wait sometime yet on that one - story for another bulletin board!)
I am happy to hold PYC. I think we've reached the pivot point I mentioned earlier and - MM's willing - we can retrace to a more respectable SP from here. Of course it will take further news for this to truly fly... but from the research I have done, I am optimistic of further promising news in the not too distant future.
I've tried waiting in the wings and timing the turn... but in all the years I've traded, I have never got it right once. Problem is... like today... soon as the turn comes, the MM's mark up the SP and freeze out buyers until it is close to the day's peak... they're always one step ahead unless you dip your toe in the water early and take a punt.
No question in my mind that this company is ripe for a takeover too... market leading tech... in a growing marketplace... the longer the SP is held down at these levels, the more likely an offer could be IMHO...
Now that really would boost the SP!