Bought IPO. Sold $1.50. Bought back in today at $1.05 (smaller position).
I think from here it's a hold. Don't know or care if it goes to $0.75 etc.
I just don't think it goes back to $0.20 or $0.50 as the story is out and the potential is real.
That's enough, in my opinion, to keep it well above the IPO price.
But yes, $2.00 was obviously massive fomo.
Wouldn't be surprised to hear a good announcement here as you'd have to think they're out their drumming up business.
However, now such announcements will take the stock from $1.00 to $1.20 or if it's $1.20 it'll jump from there to say $1.40.
To get back to $2.00 (feel bad for those that bought there) it'll take a long time and a lot of PROOF of traction.
If they do start to do a few deals I for one would happily buy again at higher prices. It's easier to pay $2.00 on signed deals than it is to pay $1.50 on hope.
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STRATEGIC ENERGY RESOURCES LIMITED
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