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Thanks FJG. Been there. Done that. Got the T-shirt.... many a time over 40 years' investing. Have learnt not to try to play with the market's moods.
Rather relieved that our portfoio is up 66% since last March. Just sitting and waiting for the Growth-Value rotation to continue. Plenty still to go.
Good morning Slownsteady,
I don't mind sharing that information with you - I always believe that (on a good BB like this) transparency is a pre-requisite for credibility.
As you probably know, I had held Saga for a long time. Sadly, I was obviously watching news flow far too obsessively and started to get spooked by the relentless Covid-related scare stories hitting the headlines.
I reduced some of my holding when the news was full of stories about surge testing for the South African and other Covid-19 variants around 3rd Feb. I think I cleared my SIPP out at around £2.74.
Stupidly, I actually paid credible attention to the words issuing from from the mouth's of government ministers on aspects that could affect Saga's travel operations return to activity. The PM was repeatedly making very cautious sounds. The minister responsible for the vaccination program explicitly stated that vaccine passports would not be supported. Grant Shapps, the transport secretary, said that people should not book holidays internationally or domestically for the summer.
So I decided that I would sell my remaining Saga shares with the intention of buying back the whole original amount - whatever the prevailing price (and with no explicit intention to scalp a small profit in the process, although that would have been a welcome bonus) once we received clarification from Boris on his roadmap.
So I sold the remaining bulk of my shares just below 300p.
I was watching the news flow carefully on Monday around 4pm, trying to garner the clarification on travel issues going forward. By the time I was reasonably happy with the prospects, the market had closed.
The next day the share price shot up very quickly before I could re-establish my holdings, so I thought I'd wait until the froth died down the next day. Well, that didn't work out, did it? :)
So now I'm stuck in the position of being out of the share that I value the most due to my lifetime association with this company.
I'm pretty sure that this sorry tale gains me admission (as I had suspected at the time) to the Losers Hall Of Fame that we were discussing here a couple of weeks ago.
These markets will afford many opportunities in the months ahead, so I'm content to be in cash for the time being.
I wish you good luck for your holdings in Saga and elsewhere.
Rox
Most of us have been there, I am recovering from Rms.
With all the anticipation and then the fall in sp, it is a bitter pill to swallow.
I am trying to put rms behind me and move on.
Lessons learnt, the things everyone tells you to do, be patient and spread your risk over a number of companies.
For what its worth I like Saga, I am hoping for a dip to get in
I hope you get back on the bike and try again
All the best for the future
Hi FJG you are very humble, thank you.
As you may recall I tried to second guess the direction of both AML and ODX by selling my complete holding and got both wrong big time. Came over here and did exactly the same with SAGA.
I don’t think we ever learn but if it’s any consolation all 3 gave me an opportunity elsewhere, in fact I only had the amazing opportunity with ODX (which I blew) because I got locked out of AML.
What I’m trying to say is that sinking awful feeling that you are feeling in the pit of your stomach (speaking from experience here!) can be turned around by investing elsewhere?
There are LOADS of opportunities out there and if you believe (which I think you do) that the world has got a future then pile your £ into another recovery stock that hasn’t exploded yet.
It’s just a thought, no advice intended and I also wish you well.
Remember everybody that this is just money, it’s numbers in a bank account or in this case a share platform. It’s not your health and if you have that then you are already a millionaire.
Good to my words,little topslice for 393.....one should take some profits from time to time IMHO.
Having said that, I am fully committed with my main core holding for the longer term,as I am fully expecting further decent recovery later on this year.
GLA.
FJG... what did you sell out at? Don't worry if you prefer not to answer. Just curious.
RoxburyHouse,
Re your assertion: "... others trading a small part of their holding and just recently some are going for broke gambling their complete holding (FJG,Bigbadds)."
Thank you so much for your kind and sympathetic interpretation - very nice.
I wish you commensurate good fortune in all of your future portfolio management decisions.
Hi everyone
Apologies for missing out on so much. Work is keeping me more than very busy.
Delighted with the rise so far, but there's a fair whack more to go, so hasn't on in there if you can.
The potential early opening of travel is a huge bonus. It's earlier than I expected... However, in my view international travel won't start in May, although that's what has given us the main push up the last few days (my TUI and IAG shares have also done very well).
The word from inside is that there's a real buzz about the business and, from a monotonous fairly limp group of individuals they've been transformed to a well oiled 'everything is possible' team.
I still expect Titan to be sold within the year, and the new river cruisers are doing particularly well.
Continue to fully believe in this. We're having a great run and long may it last, but we're still going to get a few bumps along the road to recovery.
I've unloaded some and banked very nice profits, but the majority is still here, and I maintain £7 is a fair value.
GLA
True.
I have to put my hand on my heart though and admit that I don’t really know what I am doing.
Along with a couple of guys on Thursday I mistakenly pulled 10 grand out of here BUT I put it on Card which has actually matched Saga’s rise so all good.
Can’t seem to do much wrong lately which I’m not complaining about.
If any of you guys are looking for a risky potential multibagger then check out N4P. Do your own research though of course before investing.
Lol
On that note I’m going back to do a bit.
GLl
Yeah still holodng those also.
OH and RE National E.
I was meaning the Devine COmedy not the stock, LOL>
RH you better hope that I do haha,
We’re on the same hymn sheet
WRKS
PHE
Roxbury,
You better hope that I do as we’re on the same page,
WRKS
PHE
Haha
Don’t pull it, and still stand by .50p pencil case for Easter.
Ok so with the exception of Smorty365 (who knows exactly what he is doing) none of us truly know what we are doing.
Anybody else?
Ah good stuff.
I reduced the Nigerian slightly and went back in Theresas yesterday after a few weeks out.
I hope your right re the pup, I was begining to get a twitchy trigger finger.
Hi Rogue, we certainly didn’t,
After my couple of week dealing cannabis “very profitable” haha I put 2k of these in the granddaughters ISA at £2.68, slight smile.
Will take a look, think the one that bought a pup could be ready for next leg up.
GL
Hi Smort, we never did do times like these did we?
Never mind-mind you someone mentioned National Express, now theres an tune!
None of us truly know what we are doing - do we?
Some more than others.
GL Sagarians your patience is starting to pay dividend,
The Stock Market is one big game and we are the players.
I don’t care what anybody says it’s gambling. Red black red black.
Most are playing long term (Banbury, Millionaire,Doofus et al) others trading a small part of their holding and just recently some are going for broke gambling their complete holding (FJG,Bigbadds).
None of us truly know what we are doing - do we?
Providing you are playing with money you can genuinely afford to lose and the wife never finds out then just keep laughing at yourself and enjoy the ride.
It’s one big emotional rollercoaster.