Hello S1mon, I remember you from the FGE forum and you always struck me as an intelligent poster, which is why I can't understand for the life of me why you're trying to play these short term highs and lows??
Do you not have much confidence in the company or its growth prospects?
I've read through this company in great detail and the quality of its financials, management, growth prospects (and how it has grown over the last year,) barriers to entry, product and service, always impresses me greatly.
Sure, the SP may drop back although I think all the risk is to the upside at current prices although of course I may be wrong and have been wrong many times in the past over short term price movements but it has been my experience from watching others trying to bet correctly on short term dips (when dealing with quality companies formerly almost unknown) that they get burnt more often than not.
I'm not having a go, I'm just interested why you'd take this risk?
The buy side is growing and the sell side is shortening by the day, maybe Wall st will get smashed tonight and you can buy on a dip tomorrow although who knows and why speculate??
Best Wishes to all.
RQL Price at posting:
56.0¢ Sentiment: Buy Disclosure: Held