I doubt very much that anyone who has sold out completely or has sold to reduce their risk but still holds some shares (like me) is in the slightest bit worried with their decision. Selling a continuous loosing position frees up and preserves capital, money in the bank that can be used. Not money tied up going down in value every day. It is a very simple and basic rule of investment. Preserve capital.
I could buy in again today and have 20 times the quantity of shares for the same money as I sold for. My average would be 0.9p. Probably the best average on the BB. I could sell again at 2p and make 100%+ and with 20 times more shares than I previously held the profit would also cover my losses rather than have to wait until 2p just to brake even.
But why take the risk, if we have three or four fantastic RNS in a week ( highly unlikely in the real world ), this will still go no higher than a few pence. I would suggest that I have plenty of time to "top up" as I can see which way the price is moving every second of the day, if I wish.
Nope, I have money in the bank and cash for Christmas, a happy man with no worries, not a man with bit of paper showing massive losses and a dream that it will recover one day, perhaps; but we all know it won't get to 40p again for a few years (if at all) as nothing planned has come to fruition, for whatever reason. May well have been worth 40p if it had all come good, but it hasn't and thats factual, not dreaming.
I would be happy to hear from anyone out there who has sold and regrets it.
I doubt there is one such person in the whole wide word, but I would think, and have read that there are many who wish they had sold but feel there is no point now as there losses are astronomical.
(The figures used above are a bit sloppy and not stated to be accurate but I think you get my drift. And of course my opinion should not be used for investment purposes by anyone. That is do your own research, don't trust strangers in this playground).
Given the current energy climate,Polish shale development is years down the road,if ever.Personally I followed EXXON and sold after they stated that there were geological differences compared with N.american experience,no doubt some will disagree,which is easy when you are spending somebody else s money.
how a person who has stated they sold at a loss!! I may add!! who continually calls those that believe in the company.. rampers ..
but those same believers of the company were so well before sp hit 40p and they still believe at under 1p and have taken advantage of these prices.... so who has the problem.......those who sold at a loss and have some agenda with sle and also those that post positivity in sle,,,or those who were believers of a company well before sp hit 40p who haven't sold haven't shorted but has the funds to take advantage of these lowly prices..
.tells a lot about the person who has the agenda.....
The illegal practice of ganging up to push a stock's price lower through concerted short selling and spreading adverse rumors about the targeted company. A bear raid is sometimes resorted to by unscrupulous short sellers who want to make a quick buck from their short positions. A bear-raid target is generally a company that is going through a challenging period, since its vulnerable position makes it easy fodder for short sellers. While short selling per se is perfectly legal, coordinated short selling is viewed as market manipulation by the Securities and Exchange Commission (SEC), while spreading false rumors is tantamount to fraudulent activity.
INVESTOPEDIA EXPLAINS 'Bear Raid'
The objective of a bear raid is usually to make windfall profits in a brief time period through short sales. If the bear raid works and the target stock plunges, short sellers can buy the shares cheaply on the open market. These shares would be used to replace the ones that were borrowed earlier and sold at a much higher price, with the short sellers pocketing the difference as their profit.
In a typical bear raid, short sellers may collude beforehand to establish massive short positions in the target stock. Since the huge short interest in the stock increases the risk of a short squeeze that can inflict substantial losses on the "shorts," these short sellers cannot afford to wait patiently for months until their short strategy works out. So they embark on the next step in the bear raid, which is akin to a smear campaign, with whispers and rumors about the company spread by unknown sources. These rumors can be anything that portrays the target company in a negative light – allegations about accounting fraud, an SEC investigation, an earnings miss, financial difficulties and so on. The rumors may cause nervous investors to exit the stock in droves, driving it down further and giving the short sellers profits on a platter.
The repeal of the uptick rule in July 2007 is regarded by some experts as having made it easier for short sellers to embark on bear raids. In fact, the collapse or near-collapse of a number of leading financial institutions in 2008 is attributed in some circles to bear raids.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.