Rather new to investing, EnSilica is my choice of ‘risky’ stock, is the activity we’re seeing expected of a company like EnSilica at this stage?
Started investing a couple months ago, I’ve been trying to learn as much about it as possible. Most of my money is in a vanguard ETF and RYCEY, but EnSilica caught my eye and after doing some research I decided it seemed as good a company as any to invest in. I mainly liked how cheap it was, plus its potential, plus the fact it’s not considered a ‘meme stock’.
I’ve got 965 shares at £1.07, it’s been below that for a while, I’m aware I got in late but I’m not too concerned about the constant red I’m in. My main questions are, is this sort of behaviour normal for a company that seems to look really promising? Is the decline from the £1.26 to £0.87 just a price correction? And why does it seem to consistently increase in the morning then decline into the afternoon? Is it a good sign that WSB hasn’t got their sights set on it yet?
I have no interest in selling and cutting my losses, I’m in this for the long term and I’m happy to hold it through red and green, I’m just quite curious to hear from those with more experience!