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Looks like 20p gone
I put in £4300 now worth half. Deep breath!
Thanks ive got to hold to try and get some money back
Arms999 you might as well hold lad even if it takes a year you will get it back patients .
It may take a while, maybe stop check every minute and just check once a day .
Good luck all
Arms999 hold your nerve. On AIM 40% movement is not unachievable in a very short time. I was at a 70% loss in another stock few months back. Within a month I was only down 12%.
In my eyes its not far off the bottom at all.
@arms999.......my take.....only bail if you need the cash......the SP will come back in time.
Also...........if you need the cash........don't invest.
I hope you can afford to stay for a short while. Good luck.
Holding some of these @ 31p, still very early days for this business/sector....happy to hold and see what happens. No great concerns. You have only lost cash when sold at loss.
I am in with £750 ( -43% , -£318 ).
It is a trap now.
Takayama,
Hear hear!!
I've just sold two thirds of my MGC shares as they are falling rapidly!! :((
I will now only buy back in, once they have some proper good news!!
Reducing loss makes sense!
Nige
Well, if it’s any consolation I’m in for the same amount and will just try to keep
My nerve. If you think how long you have to make iup that loss it’s not worth leaving now. As soon as some news-comes through in the future then hopefully it will begin to rise again.
10k in now 6k down maybe time to get out
Canary78 - They're good questions and I guess if anyone had the actual answers for this share they'd be really rich. I can talk about strategy though. I've lost a lot of money in the past, I've still got some shares that I should have sold 10/20 years ago but they're so low, they're not worth selling. But I've since learnt some lessons. And my strategy these days is a lot more solid. These 'tips' are plastered all over the place, so I won't bore you. But I will say this: in the past, I've continued to hold when something is falling, only to watch it fall more. I could have sold and bought back in later. I could have sold at a loss, but bought back in later at an even lower price, so actually increasing my holding and multiply the effect of the subsequent rise! The battle in share trading is often against oneself. Working out what you really think. Working out if you're just being greedy (that's always a failing strategy). Working out if you're following the crowd (bad) or following your own instincts/knowledge (good). One piece of advice I'll share for free (and the best advice I ever got from someone in the thick of it all) was that trading is not about maximising profit but minimising losses. That's a tough one. But it's a big one. GLA
Jumped on this relatively late but happy to hold long term, 50% down at the minute but only made a small investment (relative to my portfolio). Tempted to double up my investment and bring my average price down though, there still seems to be a lot of optimism in this thread about the future of this company and the industry. Am I mad to double down on a 50% loss or you could argue best time to do it.
How much did you put in?
Ok, made a decision, I'm out
I think a lot of people who bought for more than 1k above 40p or even 30p are probably already out.
What are the chances of it going up to these levels even on good news? What are the chances of KNB dropping further?
Assuming KNB is successful, what are the chances of it getting close to 50p again in 12 months?
These are all the questions I keep asking myself.
I still have substantial amount of money in it unfortunately, to get the average down, you would have to put another substantial amount into it, which is unlikely and I wouldn't do, at least today.
Based on that, I think that people who invested a lot, especially above 30 are probably gone already, investing money they recovered to recover some loses.
The biggest question is, where is the bottom, if it's around 15p, I might be able to hang on, if it's below 10, than I should recover the rest of my money now.
I can't decide.
Maybe one of you would have some info to share, why it will or will not be 10 or 15p in a week?
I am staying put with mine as well...
Just a case of riding it out for however long, topping up with a few hundred(s) along the way. At least the company appears to have direction and some credible management.
Some of my favourite ridiculous comments (please share yours too):
(1) (with a falling price) I can see that buys outnumber sells. Look - it says so on the list of trades! More blues than reds! (actual meaning - I don't know what I'm doing)
(2). This is the bottom. I can see loads of buys coming in (actual meaning - I'm panicking because I'm losing money. Please someone, buy some to keep the share price up)
(3) The fundamentals of this company are fantastic. It's a £(insert random valuation) company! (actual meaning - I'm ramping here and want people to believe my rubbish.)
(4) I've heard a rumour etc. (actual meaning - I'm here to rip you off and I think you're daft enough to believe me)
Plenty more ridiculous comments. GLA and don't believe everything you see on these boards. Recovery stocks are doing well atm. IMHO. ;-)
I'm still here as LTH, can see potential for the future. This will deliver in the long run after the initial hype has started to wear off. GLA
I am here too. Holding.
Hope KanaBOAT is stop sinking.
Feels like it's reached the floor. No crazy sales, long termers locked in. Now it's just up to the companies development. This is what separates success from being just another failed venture, actually delivering. LT holder here so let's see!!
JG - Lol!
What’s to say... just waiting for news etc now. Better it’s quiet than loads of ridiculous comments eh.
H-hi: Lol!