The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Shares you buy that have decent potential generally do come good sooner or later which is why JAdams post about patience and averaging down is so helpful. But all shares are risky and that's why even experts who prefer having a concentrated portfolio still have around 10 different shares in it.
Its very risky to chase shares on news. Sometimes it can work well. For example, when synairgen had its big news it went from 40 to 80 where its plateaud for maybe an hour or so only to then life to 2 quid by end of the day. But there are many situations where you get spiked as the poster has done twice with ODX. Its probably better to buy simply on the back of doing good research. For example, a new investor might buy ODX now on the basis that its got a good runway and the recent selloff of 40 to 50 per cent is a large but all too normal swing in AIM rather than based on anything particularly fundamental.
Another opinion is to hold some case back patiently as then you can slot it in nicely to these situations of seemingly overdone selloffs. Warren Buffett talks about being greedy whilst others are fearful and fearful when others are greedy. Which is another way of saying have the nerve ro buy when the market is turbulent and dont get complacent when its all going smoothly as that often the calm before the storm and the very time to take some money off the table.
Well. Rhum 3
JAdam excellent post ... I have decided to filter everyone except you.
I think 15 x let’s just say 150 is I think over two billion McAp, that would be some going
If you dont hold shares in omega why post comments on a bullitinbboard for omega. Dont understand that it's a bit eaves dropping on a private conversation in a pub. Maybe that what is now now basic manners and etiquette.
Yes Saf - they are all a bunch of deluded ..
What’s your reasoning ?
Kainos
Tell me about it, but like those chums trying to persuade people they are riding a horse and not a donkey at Avacta.
JAdam
What are you doing here?
Wake up and see you are backing a Hound - shame to see an intelligent investor so entranced with the adulation of the deluded masses.
GL Anyway
Supercalafragalisticexpiadohus
Jadam
Thanks for sharing. Wish more people would share such experiences especially for newbies. I wish i had a similar story or 2 to tell. Unfortunately I don't.
I keep telling myslef
Ones of these days I will buy a share low and sell higher making a profit.
But it never happend.
The end.
Pity you cant pin posts like twitter. JAdam well done and great advice.
JAdam, wow what a balanced view. Thank you for that. I am a pensioner and have lost nearly £150k in stock market and desparately chasing my losses. I am invested in odx and amgo and hope recover some money back. Often l feel my money would have been better in bank.!
Jadam.
Great post. The only thing that I'm slightly perturbed about is about 'the satisfaction you get from using your own nonce'. Is there something you need to tell us ??
Jadam
Nice balanced posts
However your last point maybe highlighted to . As for you ii who have been selling out. I'm still a holder. It makes no odds to odx if you are a holder or not. Unless of course you are part of their clan.
Is their reason that omega needs to know this rather than exodus of existing holders.
Guess what I'm still a holder
What a great post!
Very refreshing from the ramper/deramping nonsense we hear daily!
In2Win.
It will be between £1.50 and £2 by Xmas due to the steady news flow we know is coming.
By next April We will be above £3.
They will sell all they make.
Give it time. You have already held a long time. I keep saying. It takes time to build a company.
I just don’t time things well at all and am so unlucky! I first invested into ODX in April and consider myself a LTH. At the time my initial investment was £1k, and as the months went by I managed to get more money and kept investing higher amounts. Had I have invested the total amount I have in back in April I’d be sitting on huge profits but this was not possible for me. I put my first big amount of 10k at 74p minutes before that speeding ticket and held on to losses for quite a while until it rose back above that price. Then recently because I figured news was going to land imminently I put another £10k at £1.10 then it drops again below that previous chunky £10k trade. I’m still holding but that doesn’t mean I’m not worried, naturally I am because I’m losing money on my investment which for me is stretched to the max. I know if and when this catches back up I’ll then be in positive and making decent money again with over £25k in ODX, but these wobbles are not helping. I know it’s AIM but this is also covid and we’ve got so much potential and signed contract RTC, and approval around the corner but this 72p SP seems way too low! We should be £1 easily at the moment and looking to reach £2 upon steady news through November. Does anyone agree with me or am I thinking too positively?