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Hope it doesn't do 10p, I want pounds )
The thing about investing in a company like this, for me, has nothing to do with charts; it has to do with geology and the fundamentals. The more one research the better it is. Sure, only invest the amount you are happy with; the moment you start to panic it is because what you invested is too much for you in relation to what you know or understand of the business; I suggest you get out (not a financial advice as you have to do your own research).
I welcome drop this morning and I hope it does go to 10p as I will buy more, as I am happy with what I invested and will add.
Stay safe and GLA.
Some more research last night. Doubled my holding this morning at 14p and happy to hold.
I intend to double from here in the next week or so as I free up cash somewhere else. Geology (both historical and new) looks really good.
Great post Glib.
Yes, it can easy to get badly burned on AIM, especially when relying on sentiment to drive the sp. I've had some expensive lessons trading/investing in AIM shares over the years. Managing risk and exposure is critical.
Well said Glib - good post!! Since about 2013 I've only really been in FTSE 100 stocks due to getting quite badly burned 11 years back with DES/FOGL/ARG. Losses in that campaign were my tuition fees and I don't plan on making those mistakes ever again.
Hopefully - for me at least - HE1 will spell the start of careful, measured trading on AIM going forward. It's been a while...
The market also gave the thumbs up to the latest news from helium exploration and development company Helium One (HE1) as it unveiled its results for the six months ended 31 December 2020 It also provided an update on the Company’s progress on its projects in Tanzania after the half year end. Helium’s Chairman Ian Stalker said that it is delivering on its programme at pace and on budget, with the potential to show that Rukwa is a clean sustainable project with significant global implications in a supply constrained helium market. Helium shares ballooned another 3.1p to 14.3p, having started this year at less than half the price and been one of ShareTalk’s picks for 2021.
Aim works on sentiment. We have sentiment and the goods with a great management team steering this ship.
Feel another exciying day!
Strange how this was one of my best and worst shares. Before HE1 reversed into AOGL I tried buying the dips, but there were no real rises and it just kept going down. I have made a lot back but still not at breakeven, although I have managed to gradually increase my holding over the last 4 months without investing any extra money.
The SP has been going sideways for around 4 months - I kept a core holding, but tried to sell the remainder on the highs then buy the lows. Missed a few and mistimed a few, but gradually increased my core holding as I kept hold of the extra shares this created. I was confident that no matter what, the SP would be going up when it got close to drilling time; so even if I had ended up buying at a peak, my level of exposure was something I felt comfortable with. If you think the SP will finish higher than it is now, buy. You can sell part of your holding to buy in lower if you think the SP has spiked for the day and will fall back.
We now have around 4 weeks until drilling starts if mid May is still the target. People are taking longer term positions and traders will be reducing their activity. FOMO - fear of missing out. There will still be intraday fluctuations, but I am not sure there will be many days where the SP is down from now on. There will be some profit taking - that's why we are all here at the end of the day. I think we have about 3 weeks of gradual increases before we see a last surge of investors coming in. Some will want to be in for the drill results, but some will want out before the drilling start as there are no guarantees of a commercially viable find.
Work out how much you are willing to lose and don't have much more than that in before you think the drill results will be announced. If you think the company will either strike at Rukwa or one of their other sites, then pay your money and place your bets. The risk/reward are both high, but I wouldn't want anyone to think there is no risk.
6 months ago I was sitting on a large loss because I'm a stubborn fool - that's why I went offline for about 2 years. If I hadn't invested £1.5k here when it was a cash shell I would still have most of that loss. If Covid hadn't happened, HE1 would probably be on the Australian Stock exchange instead of here and I'd still have my losses.
Taking profit is never a bad thing, even if you miss out on more profit. You haven't lost any of your money and can look for the next opportunity. Work out how much you could accept losing and you better have a good reason for exceeding that exposure. I hope I've learned my lesson - I hope you don't repeat it.
No fair enough, we all see things differently including risk and when to do whats right for you. I'd never criticise anyone for doing that
sdg1970, is now on a free ride, if it hits £3.50 which all going well it should he still banks £50k at no risk.. nothing wrong with that..
Ultimately every investor has their own approach and "its never wrong to take a profit" is fair but also "letting your winners run" is sound advice. It is painful watching something you sold out continue to exponentially rise (I did it with ZOE) and you debate whether to jump back in or not. But there are many companies that will multibag so always another opportunity. I have jumped back in on stocks due to FOMO and most now sit at a loss BUT they may well come good with patience. The thing is here, HE1 has, IMO, a long way to rise given the timeline of events that will unfold over coming weeks and months, hold for gold, well.....helium!....GLA
Golf Gains - we all have our technique. Mine is just less risqué. I'm quite happy, I live a humble life..
SDG - I get what your saying but you will never make life changing gains playing it that way. Had I have executed your approach with Argo I'd have been kicking myself now.
I exit shares when clear signals tell me to.
I made a small fortune on Argo letting it run and not touching it and it's left untouched still now.
For me the key is getting in early and just letting it go.
Should well 1 not hit, fine take some off the table then, if your in early enough that news won't hurt you much.
But to take it off the table before there's a reason to makes no sense to me.
I follow the great Buffets mantra "let your winners run"
This was a pure punt and I had 25k shares. I sold 10k today and pulled my capital out. Where's the problem?? I make an exit strategy and stick to it, rigidly, and don't let the worst of me, get the better of me if you know what I mean. Sure, this has reached 14p largely on sentiment and I've seen it all before. I'll leave the 15k shares to ride to the very end. If it retrace, top up.
Not understanding is unfortunately more a reflection of you than of them - everyone has their own strategy and who's to say there's not a better "dead cert" that they want to invest in?
Might pull back but it will go back up again, I've been registered for 6 months but I have been watching on the sidelines for 2 years.
This is a cert to go even higher watch this space.
PS I'm not judging others as you put it, I just don't understand the people who have invested here why would they sell just now ).
I'm not disagreeing that the SP MAY continue to go up but it may also pull back a bit. If you are invested for the long game it's not really that relevant. I haven't sold any but that's not to say my strategy is right and someone else's is wrong. You seem to state as fact that those invested will get "loads more next month" when no-one knows what may happen. Believe what you want but please do not state what you think (or rather hope for) as fact. Your account here is just over 6 months old and maybe you haven't been around long enough but there are no dead certs in investing and those who are longer in the tooth have seen the unexpected happen on plenty of occasions. You may not remember a successful oil strike one day turning to water the next so don't count your chickens. Have your own strategy but don't judge others because they may have a different one.
sdg1970 I'm sorry but why in the world would you sell half of your stake now just because it's risen slightly, the SP hasn't even flinched in the grand scheme of things
If you look at the graph for entire history - there have not been any steep drops, just small fluctiation or increase, its almost like it consolidates as it goes along. As long as we dont get a duffer for the drill it should keep going and £1 is likely the low side of the scale.
Obs ma point is that i am hoping it does keep going up like it has been.
My strategy is keep hold and when you have something like this why sell today for 20% or 75% today when you can get loads more next month.
Those that sold today under 14 did not read the market right as you put it, this is only my opinion and I am entitled to it, or am I?
Stewartboy - If I had a pound for every post I've seen where posters state categorically that the SP is only going up I would have a lot of pounds. SP's don't rise day after day forever. You don't KNOW it will continue to go up as none of us do. It may well pull back tomorrow and if so those that sold read the market well and may be able to buy in lower. Many people's investing strategies will differ from yours (of course everyone wants to make a profit) but that doesn't make them wrong. If someone sold here to put their money into a share that goes up 75% tomorrow are they wrong in listening to your advice to hold their shares here? You stick to your strategy and don't worry about what others do or judge them as somehow inferior.
That's an early top slice for exploration drilling results?
I believe it's called de-risking. No brainer on an exploration stock, no matter how good it looks on paper. My topslice figure was 13p having got in at sub-7p, so it was nice to sell half today at 13.9. I now have a small holding for whatever will be...
People buy shares to make money and as this is only going up lots more to be made