PP - cash is king anyway, no matter. I sold 40% a couple of days ago, also sold some Lloyds at a nice profit and am really surprised at how much the market is holding, it shows the confidence in remain and that pleases me for sure, short term gains are irrelevant compared to the EU vote. I cant see remain pushing things consistently higher for more than a few days. GLA regardless.
I sold up my portfolio 3 weeks ago (for a profit), in anticipation of a buy back today with shares on the floor, fuelled by more and more brexit forecasts. I figured that brexit would be largely priced in, so the market wouldn't retreat overly if there was an actual leave vote. On the other side, I figured that an unforecast stay vote would see a massive rise tomorrow. Well I seemingly got that all wrong didn't I. Still in cash today, so I will keep on the lookout for opportunities, the first of which may well be the inevitable retrace after a knee-jerk over reaction tomorrow in the event of a remain vote.
Who knows? Maybe there will be a surprise leave result! Then, my friends, cash will be king!
Yes I had thought about topping up, but I think I've left it too late. The market has the ability to suck you in and spit you out if your not careful. But then again if it drops back a bit towards the end of today! Seen it so often; good company results and the sp goes down!
Referendum debate on C4 last night suggested that 'remain' had been increasingly priced into the market over the past few days. A vote to leave the EU will have a significant downward impact on shares/sterling imo
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