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talking about insider knowledge ??
My first time posting and I have been reading the board and have been in cine for a while. I miss NOFEAR he was spot on about selling at £1.20.
Nice Post share fall and reply Ashstash,
I agree this is a definite hold or buy on the dips.
Quite cheap atm to where I think it will be in a year or so, I am willing to hold until we reap the rewards we all expect.
Yes in hindsight £1.20 was a good selling point but no one knew that at the time and even if we had of sold then realistically would we have waited for it to go this low or would we know have averages of £1 and over. Who knows I am not a trader so am happy with my holding at the moment.
We will get there imo.
I agree. If you got a 3-5 year timeframe then this is nothing to worry about. I think for newbies, the best remedy is to think about going through losses as an experience. Also you learn if this is for you. And to be perfectly honest, even if you bought at 120p, some bought at 100p last year and saw it drop into the 20s and bounce back. So it's all relative. I won't be worried unless it fell to 20s or below - which is an unlikely outcome.
But will recover. Trouble is with so many punters new to investing, FMO going up and down is adding to herd effect and volatility more than ever. Shorters will be laughing and making hay. Cine if anything is getting stronger by the day with more cinemas opening etc. IMO don't get spooked but do take advantage of the dips if you can. Jumping from one share to another is also tempting but an easy way to lose money. I know I sound like a stuck record but patience is key here. Unless you are very experienced, trying to trade is a risky thing. I learnt this the hard way. Could I have made more money by selling at 120 and reinvesting? Of course I could have. But trying to second guess the market is not for amateur PI's like me. I will hold and hold as my investment timescale is 3-5 years from now. Will I see SP over 200? Who knows, but I am personally pretty confident I will and hence I'm going to sit tight. Am topping up whenever I can on dips but have not sold any yet. Anyway, all the best in all you decide. Just sharing thoughts for any newbies getting nervous. I've been there and have lost money panicking so hope this helps.