One of the oldest sayings on the Stock Market is ' Cut your losses and let your profits run.' I too had a number of shareholdings in my SIPP, PMG being the only profit. I too, back in December decided that PMG was the only one that was any good. I took losses on Trinity, Victoria Oil and Gas and a coupke of others and stuck the lot into PMG. The losers have continued to go down, and PMG has made ground and will continue to. Cash in all the others and stick it on PMG. Grasp the nettle. If you don't, in a year's time you can kick yourself, and every year after that. To give you reassurance, take a note of todays spreadsheet of your holdings, and in a year's time you can either kick yourself for sticking with them, or say thank Goodness I sold and went for PMG. I have and only wish I had done the same with Dana fifteen years ago when I foolishly only put in £3,000.. out of a portfolio in excess of £250k. I won't make that mistake twice. I'm 100% in PMG and am thinking about taking out a mortgage on my house so I can put more in! Oh yeh, talk to your IFA. I did, he's invested loads in PMG too!
We've all got some stinkers in our pf. As soon as any of mine break even they are going in here.
I can see a big year for PMG. No spikes. Steady news, steady gains. People will look back and think why the **** didn't I buy in when it was at 260p. (on that note, why didn't I put more in when it hit 11p pre-consolidation)
I need to free some cash up from my PF and currently PMG is the only share I've got which is in profit but I just can't bring myself to sell... I'm going to be getting a bit of cash injection in April but I reckon the share price is going to be way higher by then.... Decisions decisions... Not selling PMG though, no way - too much good to come here in my opinion. I see it as the all new improved Dana.
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