I have been holding shares in 9SP since mid-2018. Have seen the good news come in and watch the SP pump up towards 6c. Yeah, I thought this is it finally onto a winner. Then seen the price dump as expected. But thought this company has huge potential but am just a bit early before it really heads up.
There was always news saying that a deal is just around the corner. So hung in there waiting for the big one, the BOA. I think everyone else was also buying into the build-up expecting the SP to skyrocket after the signing. When the news finally broke, instead of skyrocketing, the SP dropped.
Each time though is always different, as with each new signing we get closer to Break even. And therein lies the real problem. I think until we actually see a quarterly profit any good news which causes a pump will ultimately dump soon after. However, once 9SP's shows profits then I think we will finally be onto a more continuous uphill run and will then quickly see new ATH's. (Virus, Black Swan event permitting of course.)
GLTAH
9SP Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
