Balanced laughs22 Apr 2024 15:28
Is that blossom in the April gusts? No. It's the spread-betters with their tales of woe. For some balance, we could examine the 'could have sold at' story of... let's pick FTSE 100, Carillion (remember them?). Imagine the 'could have sold at' price of £4.31. Never mind. Ouch (not to mention the devestation for associated businesses).
Or Lloyds, and almost a fiver decades ago - and today it languishes at fractions. Deary me, it's like the stockmarket isn't littered with examples of people losing money. But they said the paths were paved with gold, guv!
Certainly, VRS's woes are less than ideal. What can you learn? If a CEO constantly trumpets the owner of a large, well known company, buy that. If a CEO hires someone who appears to be marginally deranged (Mr Crush), it could be the canary in the coalmine.
If you're sweating over the idea of selling (because 1000%'s gain is possibly on the cards and you want to 'buy the rumour, sell the news' now don't you?) enjoy the sweat, sell and rebalance your portfolio so you're not in the grip of greed. Wait for the news, kick yourself for missing out on all those 1000%'s you missed out on - and then chill because you can still buy the news and haven't lost your shirt. (You'll always miss the gains you never had and will never appreciate the loss that never was).
The company was hyped. Now it's panned - and panned every day by the same people over on the other board. Over confidence, lack of confidence. There's nothing tangible to any of it until the money's in the bank - and even then, a large part of the share price will be on forward expectations. So polish that crystal ball and remember physics shows us that almost everything is comprised of nothing. This is especially true of volatile markets.
Also a reminder that while there's a lot of attention on graphene, the other 'nenes' are potentially more interesting/useful. One day the paths might be paved with goldene. (just for fun: https://www.nature.com/articles/d41586-024-01118-0
Or. Just rant 'rubbish!' and keep on your agenda. There's a great way to show your lack of confidence in a share. It's not to buy it. But why do that when you can bet on your lack of confidence and try to make a destructive dream come true.