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Nasdaq powering shed to the close up about 2.5 % hope it fuels SMT tomorrow fingers crossed people .
Casino not more fun? Who knows what any share price will do in short term? Vaccine has side -effects -leading to big sell off. Or, new super vaccine comes out and confidence surges. I hope SMT will hit 20 quid by the summer, but it might fall back to 8.
Painful maybe opportunity definitely Nasdaq back in business enjoy the ride up 4 green days let's have a 5th tomorow then a few brandys to celebrate. Hold strong buy the dips.
Yes, a good week it has turned out to be so far Krustysmegma! I ended up re-jigging the 'folio jettisoning some dead wood to buy the dip - rather pleased I did. Live and learn. Hopefully back on a good footing for the future. I'll teat myself to a few beers why not ;) Cheers!
Iām still traumatised lol
the overnight results from HK and China were superb.
todays NASDAQ futures are also looking positive, this could be a very good week
I am up nearly 6oK from monday and hoping to get back up to sunny uplands soon
FarFromHome things seem to have settled down again now don't they? I think, for me anyway, it's a case of sit tight & see what happens. No reason to think this won't recover to recent highs, how long that might take is anyone's guess. Anyway, good luck, take care, atb. K
went for a long bike ride to maintain my sanity ! swings of 100K in a day aren't good for the soul!
Ā£10.66....what a mental day....
Haha Matty. I know the feeling there, I could have done with a washing machine/tumble dryer in my office last week LOL. Just dipped my toe back into SMT at just over Ā£10. I think it's dropped back enough now, fingers crossed and hopefully these inflation worries which are well into the future will ease in the US/feed through to here. Good luck all.
What a volatile day !
Edinburgh worldwide has swung about 12% in the day
I need some fresh underwear after today ha
Cheers Krustysmegma. Good advice indeed - will serve me well in years to come. Just need that handy side-pot available ha! Encouraging to see there has been bit of a lift whilst eating my lunchtime sandwich.
I can appreciate how difficult this is FarFromHome, I've been in a similar position myself on more occasions than I care to remember. If I could offer two suggestions based on my own experiences. The first would be to diversify, and never have all your eggs in one basket. The second is to turn around your thinking - when the price falls, think about buying, not selling. Similarly, if the price is rising, consider selling some to lock-in gains. Remember, a loss is only a loss if you sell. Good luck with your investments, whatever you decide to do.
Thanks for the link and advice Gordon. Keep smiling the best approach! I would think that for anyone on the sidelines looking for an entry point we can't be far off the bottom.... esp. with the current decent discount. The managers of this Trust I still have confidence in and I put this big drop down to market hysteria. The good thing with that is that if I am correct we'll see a bounce back swiftly once people realize the world hasn't imploded just yet.
I feel your pain. Knowing when to buy I find is easier than knowing when to sell. The yardstick 25% approach then sell can pay off but as I've found with many shares some have soared well past this level and you end up kicking yourself for selling. All I can say is if something is looking too good to be true it usually is, then sell. If you are still holding on to profit, sell and bank the money. Then wait and see, nothing to stop you buying back in when the price is lower. The world shall always need tech which is what's so astonishing with the US dropping dragging UK stocks on its tailwind. I found this article helped me a bit:https://www.investopedia.com/articles/stocks/10/when-to-sell-stocks.asp
Keep smiling :)
Small time investor here who was fortunate through 2019/2020 having backed this horse and stuck with it. Painful to see me and the missus ISA pot gains get shot through to shreds in 4 weeks. No matter how much reading I have done and sticking to my mantra of riding through the dips this one hurts. I have been scanning board for guidance as many here far more wise than me and trying to make a call of whether to stick through the rest of this week or take a few more hits. Can only hope this regains some ground and picks up to where we were in Jan over next few years. Thanks all for contributions, a helpful resource at times like this and good luck to all sticking with the long game. On the plus side a lesson has been learned to lock in some gains when going is good.