RE: Sp end of week4 Nov 2018 11:05
I'd say any predictions are complete guesses now. No disrespect to anyone.
Many of us were excited last week for a 20p finish on Friday. Even I was on the bandwagon thinking we were on the road to victory.
As we witnessed, it was still recovering from that rapid increase we had of going over 16p.
Many profits were made followed by many people cashing them in. The skilled were fortunate enough to cash out and will now be soon buying back in to gain a larger share hold.
We might see the same happen again going into this week or it will go flat like we saw 2 weeks ago (but holding in the 13s building up for the next step).
One thing I can confirm is attention is building up on this. Volumes are at new highs.
We all want big profits asap, but my guess is the real profits will be in 2019. Yes we will be looking healthy by Xmas but by how much?
Next week for me is 12-16p,
It's either going to slowly decline more down to 12p (good news for people arriving or wanting to top up)
Repeat last week of hitting 16-17p and people cash out before Friday dropping it back to 13-14p
OR we have big news more people start to hold and we sustain 15-16p.
It's anyone's guess if you ask me.
It's that unpredictable that maybe we do get that 20p.
Who knows but I'm sure we can all agree that we will be looking good in the near future.