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>> At times like this when the price retraces, if you invest on the research and enthusiasm of someone else, you'll never be able to have the confidence to know what you should or shouldn't do.
That is a great point. If you have done your research and understand the fundamentals, then you can withstand the slings and arrows of outrageous fortune.
So, apologies to the bard, but...
To hold, or not to hold, that is the question:
Whether 'tis smarter in the end to suffer
The slings and arrows of outrageous fortune,
Or to take arms against a sea of troubles
And by opposing end them. To sell, to hold
No more; and by to sell to say we end
The heart-ache and the thousand natural shocks
That stocks are heir to: 'tis a consummation
Devoutly to be wish'd. To quit, to sell;
To sell and buy elsewhere; there's the rub:
For when we sell our stocks, what rise may come,
When we have finally sold this awful share,
Must give us pause—there's the threat
That makes calamity of every sell.
For who would bear the whips and scorns of stocks
The unexpected placing, the constant de-ramps,
The bitterness of sellers, the licence delay,
The insolence of others and the spurns
That patient merit of th'unworthy takes,
When he himself might his quietus make
with a simple sell. Who would fardels bear,
To grunt and sweat under a drifting price,
Except for the fear of missing out,
The undiscovere'd porphyry, from whose bourn
we would get rich, puzzles the will,
And makes us rather bear those stocks we have
Than fly to others that we know not of?
Thus FOMO doth make cowards of us all,
And thus the native hue of resolution
Is sicklied o'er with the pale cast of thought,
And enterprises of great pith and moment
With this regard their currents turn awry
And lose the name of action.
In my defence, I was bored and may have had a couple of whiskies :)
I agree I don't go in for the conspiracy theory of mass manipulation etc etc.
Markets are not logical, the supply and demand for a share determines the stock price. The market
participants are the arbitrator of a companies value. Market makers may adjust prices but only typically in the direction of sentiment and ultimately I'm sure they make a decent profit but only if people buy and sell at those prices.
As for DJ etc it's his call IMO. If anyone invests blindly based on the comments of anyone else then in all probability they will lose money. At times like this when the price retraces, if you invest on the research and enthusiasm of someone else, you'll never be able to have the confidence to know what you should or shouldn't do. Gaining the knowledge for yourself is the only way to empower your own decision making, and be able to really interpret and assess news specific to the company and its market more generally.
These boards can offer great insight, and also lots of bs. Use it to steer your own research, but not as your form of research.
I'm personally still in profit but am down a large amount of profit from the peak share price. However I'm still more than comfortable with the reason I invested and over the timeframe I invested.
I absolutely believe the company will thrive over the next 12-18 months from this level. That said clearly risks are present, as they are in all things.
Anyway atb all.
Gl
I have increased my holding by 2 million today. DJ I completely agree with you that sometimes you have to take a profit or and de-risk due to exposure if a share increase in price. I also agree with GLR and HZM. The trading day of the RNS now makes more sense because I was surprised the SP did not rise from the lows due to MM's savaging the SP. Copper for me is where you need to be for the next few years.
nice to know RMM is located in a beautiful and sensible country that likes mining
https://www.mining.com/
getting a mine up and running?
sgz/pur/wres/atm/tstr to name a few......have/had,very expensive teething problems,in the last year or two