Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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I wonder why we find it so difficult to sell even some shares in a Company?
It’s got to be greed.
I was lucky to get in early with Avacta and sold throughout the rise but each time got the timing completely wrong. Each time kicking myself for having sold. It’s the uncertainty of what’s could happen next that keeps us invested. Once when I sold half of my shares the price rocketed the following day and I was pi**ed off! I kept telling myself that I should be happy because I had taken a huge profit and my remaining shares had just doubled but no I was having none of it! Ha ha
As my original post has now involved the likes of Newton and Guy I would point out that both men originally made a good profit but one chanced his luck and lost the lot. In the case of Avacta most on this board can do both, take a good profit and leave the rest as a kind of gamble(win win). As I said I invested in this company for its work on cancer and then came Covid-19 and the price shot up. I took the profits and will re-invest at a later date. My fears about the testing model from Avacta is that the competition will swamp them and also in a few months time the testing need in great numbers will probably be not needed. I may be wrong but I took out the insurance of taking a profit. I was also ridiculed over at UKOG when I sold out there, also making a good profit. The UKOG share price has collapsed since. As both companies share rise was more on speculation than anything else. UKOG's was the hope of finding the Gatwick Gusher and Avacta's on the hope that they will corner the market on testing. I think I was right in both cases to sell up.
Fook that I want as many of these as possible no need to top slice.
You mean... inventing the cat flap because he was sure he'd got gravity off to a tee...
Didn't he have something to do with confounded interest when he got hit on the head by an iPhone
Of course Sir Isaac's greatest accomplishment wasn't gravity, optics, fluid mechanics or inventing a better telescope. Not even inventing calculus nor even being Grand Master of the Priory of Sion. No the absolute top banana accomplishment was inventing the cat flap.
Ophidian
Thanks for explaining
The moral from that story is that Sir Isaac Newton sold too early and if it had waited longer before selling then he could have made enough to build a Hospital! he may have been a genius in other areas but clearly not investing, I'm sure if he was around now holding here he would make sure he held until we were at least into the FTSE 100.
enteleon, the message is there indeed!
Guy held his shares long enough so he could build a hospital with the profit! He didn't allow derampers or dreamers to get on his way.
Cheers.
ST
Waggy42 :There's a true story about Sir Isaac Newton, founder of gravitational theory and arguably one of the most brilliant minds in history. He made an early bet on the infamous South Sea Bubble and then sold all at a very handsome profit. A bit later, however, he got FOMO as the price continued to ascend, so he piled back in and lost it all. He never forgave himself.
Thomas Guy, founder of Guy's Hospital in London (known then as The Hospital for Incurables), took his profit quite early on, as Newton had done, but didn't reinvest. He was heavily castigated later owing to bad feeling from those who eventually lost their fortune. Guy used his profit to found the hospital and that legacy has endured for 300 years ! There's a moral in there somewhere !
One way of looking at it is. What is my stake worth now followed by if I had non shares would I invest that much in Avacta at this price.
Personally if I have that thought I lie down til it wears off
Not a vulcan
To make any profit is a success story Matt2521. The Sun editor would no doubt agree.
My point exactly. Take some Profit and then you can still make more if it still soars. But at least you have some profit if everything goes pear shaped.
If that was directed at me have a look at this article on AZN
https://seekingalpha.com/article/4351231-astrazeneca-surprise-asco-may-mean-new-highs-ahead?utm_medium=email&utm_source=seeking_alpha&mail_subject=azn-astrazeneca-surprise-at-asco-may-mean-new-highs-ahead&utm_campaign=rta-stock-article&utm_content=link-0.
Waggy42 sounds like you need to get in contact with The Sun editor.. they would love to do another successful trading story on Avacta.
But Timster, a recent survey suggested nobody cares
Really, how interesting, tell us more......
Exactly - Nobody cares
Correct
Nobody cares
Nobody cares
There was a time when I owned some shares in Baltimore Technologies (remember that -https://en.wikipedia.org/wiki/Baltimore_Technologies)
It soared in value and I continued to hold. Big mistake as I subsequently lost this fabulous wealth.
In contrast a few years ago I bought some Amazon at about £195/share. They are currently trading at £1971/share.
The difference is that whilst Amazon is still my second largest holding I have taken two large chunks out.banking the profit and what I have left owes me nothing.
my largest holding continues to be AZN and yes I've recently taken a chunk of that out as well.
My holding is tiny as I don't have much money. Around 3000 shares. First at 22 then at 15 and then 90. Average price 28p. Holding till I cant possibly hold anymore.
My original purchase was in at 45p. I've been topping up along the way - my latest at 173p. I have not taken a single ounce of profit - Why have 1 chocolate bar when you can have 100 if you wait a few weeks?
As you got in at 60p the reality is that you could have covered yourself and still had a massive holding to play with. We little people have to be more careful than you big hitters.
The fact people haven't taken profit (Including myself) shows that the potential of this company is huge. I have a target price in mind and I am holding until it gets there (Which I am confident it will). I won't share my target price ( ;)£13 ) as I have been criticized before by little traders hoping for a 10% ride then jumping out. The fundamentals are all there and it's easy to calculate the figures yourself.