Micro-cap Movers and Shakers From Tosh Lines, 22nd December 2019

It’s only a brief update this weekend, as to be honest I didn’t look at the shares much last week, and I’m 2 days into a massive hangover from Friday’s visit to Alexander Palace for the darts.

It’s a great day out if you like fancy dress, a sing-song and a stupid amount of alcohol, oh and a 2-day hangover. STAND UP IF YOU LOVE THE DARTS!

Whilst last week wasn’t awash with loads of opportunities, the FTSE AIM All-Share continued its rebound topping the week at 942.96 and closing at 940.93. It’s been a decent final quarter since it double-bottomed at 852.58 in October. Hopefully, we will continue to see a strong year-end finale and this trend continuing into 2020.

There were a few big plays last week which could’ve made Traders some good returns. The riskiest being Mi-Pay Group (TICKER: MPAY) which surged 305% on Wednesday from a low of 1.11p to a high of 4.5p, before tanking back down and closing the day at 2p. And Alexander Mining (TICKER: AXM) which spiked big on Friday after its temporary suspension was lifted. It shot up 285% inside the first half an hour of trading from a low of 0.02p to a high of 0.077p. You would have had to have lightning speed reactions to trade both of these plays as their share price shot down just as fast as they shot up.

Take AXM as an example, some poor Traders lost big on this play.

A Trader purchased 1,103.07k shares at 8.24 am near the top of the spike at 0.067p, and then waited until it crashed big time to sell at 0.035p at 10.37 am suffering a loss of 52%. Another Trader purchased 422.79k shares at 8.28 am at its peak price of 0.077p and then sold them at 9.17 am at 0.04p also suffering a loss of 52%.

Sorry to highlight them, and I hope they learn from their mistakes, but they are great examples of how risky it is chasing these big spike plays which are already up over 100%. If you are going to risk it, then you must have an incredibly disciplined risk management strategy (such as cutting for a 5-10% loss) and be prepared to sell as fast as you bought. A tight stop loss is a must!

And on that bombshell, I won’t be trading this week or over the festive period, I’ll be busy with the family, building lego sets, dancing on Tik Tok, eating my body weight in pigs in blankets and probably suffering from more hangovers.

Merry Christmas everyone who celebrates it, and a Happy New Year too. Catch you on the flip side in 2020.

In a bit


Author: Tosh Lines

I am a full-time trader who focuses on micro-caps, a freelance writer, and when I am not staring at the screens I am most likely climbing 3 mountains in 1 day for charity 

Twitter: @DCI_ToshLines 


Tosh Lines has not been paid to produce this article by the company or companies mentioned above. A donation has instead been made on his behalf to charity.

This article is for educational purposes only. Information contained within this article does not constitute any form of advice or recommendation and is not intended to be relied upon by readers for investment decision-making purposes.

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