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"Eventually you'll get a call right with BT but the missed opportunuty cost with the way the markets have run in the meantime means your investment decision to just sit on a pile of BT shares has been incredibly poor."
I agree, with hindsight it has turned out to be a poor investment decision holding down to the current level, and if I'd had a crystal ball and foreseen the current price, I would have sold out and bought back at the current lows, but we are where we are. Just to correct you on something, I didn't invest in BT at £5, my investments range from 292p down to 106p.
Another thing, I agree that I missed an opportunity to buy more at the current levels, but again it is what it is and you go with your bets. Do I regret buying BT at the higher levels and the answer is, not really, I had my reasons at the time and I don't do regret when it comes to investing. The reason I invest in big Blue Chips is the safety net they provide, should the share price go south as in BT's case, but I haven't changed my investment view of BT and will therefore hold my investment as long as necessary.
I have to admit I feel for investors in Rolls Royce, especially the ones who bought around £10 in 2018 and then watched the share price decline, with a big drop off due to Covid 19. Now RR investors have the rights issue to contend with, but I don't see BT having the same issues as RR, so I see no urgency to re-evaluate my BT investments. If BT announced a rights issue I'd just buy into it, but I really don't see it.
It's not about a trading philosophy Fleccy, it's about recognising losses.
Do you think a pension fund should value its assets based on purchase prices seeing as plenty of its liabilities fall way into the future?
Ay any point in time, regardless of the price of BT, you are making an investment decision. You don't have to buy or sell shares to make an investment decision. You have implied you would hang on to BT now based on the CURRENT PRICE. That is a totally separate investment decision to the one you made when you acquired shares at 5 times the price with a whole different set of variables to consider. Thus, the current price is totally relevant. Through bad luck or poor judgment that was an unfortunate call but you can't hide from it by pretending it doesn't count.
Eventually you'll get a call right with BT but the missed opportunuty cost with the way the markets have run in the meantime means your investment decision to just sit on a pile of BT shares has been incredibly poor.
"This is the stuff of madness."
No its not, it's just a different trading philosophy. It would be great if we all had Oracle like abilities and could jump in and out of stocks knowing which direction our new investment will go, but we don't know unless we have insider information.
Why jump out of a depressed stock, just because sentiment disagrees with your view, and invest in something that's inflated and overpriced? Smoke signals are hinting at a rotation from growth toward value, so why transfer a paper loss from a bargain stock into an inflated growth stock, at a possible inflection point in market sentiment?
Maybe but it’s true. If I purchase something and later offer it for sale that is the point at which I am in profit or loss if I go through with the sale. At that point in time it’s relevant, at any other time it is only of interest, as to what the value may be.
"The price only comes into effect when you sell, if you do not sell then until you do the price has no relevance as to weather you profit or loss."
This is the stuff of madness.
My mistake 11 years March of 2009 in the region of low 70s, staff purchase for share scheme low 60s point is any time frame will give a given point of view. The price only comes into effect when you sell, if you do not sell then until you do the price has no relevance as to weather you profit or loss.
Sorry, that should read 33% UP to today's price of 101p
The BT share price in October 2010 was 1.53 - 33% down on today's price of 1.01.
Bilbo. Good to see you are consistent. If you had bought 10 years ago you would be about 40% up today. Pick a time span and make it fit your requirements.
Another reason for sp to rise
What can't be ignored is the almost 77% drop in the share price over 5yrs.
The market has been hounding this share undermining it but they cant ignore the results on thursday which I suspect will beat the markets forecast ,
Those that have been dragging this company/share down may disappear under their stones friday
Ollie............ "expectation in results on thursday?"
BT expected to beat market expectations.
Look out for Velo's comments regarding up and coming results, he' always on the ball.
expectation in results on thursday?