I guess I look at broker ratings because they usually tell me want I want to hear. But i'm trying to kick the habit,(appointment with B.A. next week). (brokers anonymous)!! Think i'll use nige & gerry ratings in future! only joking??. But then again!?!?. I'm hoping for happy monday, Buy rating, £2.80, Oh no there I go again, I'm a hopeless case!!??
No you shouldn't, I know almost nothing about your situation but I do know all about my own. I can only say what I intend to do or offer options for you to consider in the context of your own plan.
Nothing is guaranteed, how would you have felt if you waited and the SP went up? Hindsight is great after the fact. If LG do a deal tomorrow I will be saying I should have listened to you!
Personally I would look further ahead and look at it long term. In this context your 220 will look good. Short term things can always look bad, it might get worse. Things often turn quite quickly and when your not expecting.
I think its what you do when things take a turn that matter, most get scared and sell up. Then when things improve they buy back in on a high when we all know we should buy low sell high.
Its easy to say harder to do, sometimes you just have to pick a point to jump. Others say its time in the market not timing. Console yourself that you will earn 11p or so in divis in a year to offset any dips in SP. You could use them to buy the dips!
Daniel, One thing you can take comfort from is knowing that 209p must be a good value buying price given that CEO Vittorio Colao bought 210,000 at this price last September, and no one knows the company better than him. I’m also looking to top up my VOD holding, but I intend waiting for the share price to settle.
I should have listen'd to you,& waited to buy nearer £2. Still, it could have been much worse, & bought at 2.20. I would have laid odds 50 to 1, the sp falling to £2, 5 to 1 now!! its still 50 to 1 for 1.80 though. I still take notice of broker forecasts, am i just guilty of wishfull thinking, & im begining to think I may be a sucker!!!?? I think we all agree though, the sp movements lately are crazy?!
Unless you have paid for the report I would ignore what they say. No time scales given etc. It is just an educated guess like the rest of us. Maybe if 30 of so were all saying the same a trend might sway but some are at complete opposites like the reports in the media post results.
Lets hope the negative news or noise drags it down so we can buy more with our divis, is it really the only thing were looking forward too ...... well maybe.
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