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This thread seems to about about crystallising paper losses or gains. If you bought a 30p, 130p or 230p and not sold you have neither gained or lost anything unless you decided to sell.
Unless there's a compelling reason to turn an investment into an actual loss, doing so seems a bit counterintuitive to me. I did sell some tcg at a loss in a baye, but only when it was obvious what was happening, I've seen nothing here to convince me to crystallise a loss or a gain yet.
its an old story isn't it - experienced world wise investor, bought in with high hopes, has had his expectations dashed by the incompetence and lack of nouse of the management, is now perhaps bitter but wants to alert others less experienced than himself of the dangers. An emotional story that will surely chime with others in the same position. Hear it on many boards on LSE and elsewhere, maybe its human nature coming out, or perhaps something else entirely.
I have seen investers questioning the ability of CEO`s in the past. With regards of RM and his team, they have moved mountains. The success of the company in the last 15 months has been incredible.
Anyone whom is dismissing the fantastic results this company has achieved and Is achieving, should take time to question their own judgement.
As for the share price, look at the past. The Sp has been more than a nightmare at times. I remember buying at 27p and seeing Sp drop to 14p.
Imop the hard graft of the company will repay huge dividends to the investers that have followed this company through thick and thin.
We should be joyous at the great success of Richard Marsden and his team and enjoy the great success that has been achieved.
Sit back at eat popcorn imop and enjoy this amazing story.
Good afternoon all.
Mr Big. Hello chap. Good to see you posting. My only gripe is you still appear to have beef with RM. The company is restricted with red tape. Your gripe should be with the government that has freely accepted vaccines and dismissed treatments.
Regards
Trek - sorry to hear about the loss. You win some, you lose some.
If it makes you feel any better, I think that buying at 177 7-8 months ago and holding was not a bad decision, based on the information that was publicly available at the time. Not selling around Feb, when RM's complete incompetence and the lack of company's progress were becoming clear, was a mistake and a gamble (and I too have lost a lot of my paper gains by not selling out in the 170-190 range).
Better luck next time!
A little reminder for those who have sold out at a loss, it hurts even more when the sp goes back up...
Hello Andy,
There are always posters out there that will get a kick out of others misfortune, my advice is ignore the noise, pick yourself up and start again buddy.
Some free advice for the future, always do your research in full and try not to do it off of boards like this, there are always posters that will have a different agenda to your own and some will be ramping whilst at the same time selling and vice versa etc.. If you do invest again, try to spread your portfolio over different sectors, with different risk profiles, something I do, is balance them on high, medium and low risk and weighted accordingly.
Try not to dwell to much on things and use it as a learning curve for the future, every investor has at some point got things wrong, whether that’s buying to high, selling to cheap or investing in a company that goes under etc etc..
Fwiw, I think Synairgen will come good at some point this year and I’m invested accordingly, for me the Guys heading it up are very capable and have integrity, something which is a must in any company long term.
Look after the family and health is the real wealth, never forget that buddy and keep smiling!
Good luck for the future!
After the pryotechnics a few months ago SNG was always going to be along-term hold. The next set of COVID related results is important but SNG001 is going to really come into its own, long-term, in the treatment of COPD. Most importantly, SNG is a sound company based on world-class academic ability. I wish you all the best Trek but I don't think you should have sold all your holding at this particular time.
Trek1234.
I read your very honest earlier post, and was sorry to find that you mistimed the market on this occasion. This has happened to me a number of times. On most occasions, I continued to hold, and the investment returned to a growth phase and eventual profit. On a single occasion (CPI - over three years ago) the investment was “dead in the water”, leaving no other recourse than selling at a loss and recovering my money through a different investment.
In your case, I trust that you sold as a result of your judgement of the current situation.
As my contribution yesterday hinted, an investor should not sell as a result of pressure from others in social media, or on a bulletin board. Additionally one should ask the question whether there would be any regrets if the former investment returned to what would have been a profitable situation?
I sincerely hope that all will work out for you to n the near future.
Regards and best wishes.
No ant, I am no master, far from it, I post what I am doing and sometimes why, but all the time truthful and I don't appreciate people like you putting stupid comments making out I'm some kind of liar.
I would love everyone on here to make money, myself included, but I am looking forward to the day I stop gambling on shares, I was hoping sng would have come good earlier, as then I would have gotten out altogether.
Bline, I think what you meant to say was you were just making stuff up and that's why you can't argue with any of those points.
My last comment was to wish others good luck in their investments, and I sincerely mean that.
Thank you for the positive comments to my honest post, and to those of you who just throw insults just go **** your horrible little selves.
To bored to argue with you Oakleaf....let's just see
July is not P3.........July. August, September is P3 for a start....
Bline, RM himself said H2 for P3 results. That's July (this year) onwards. If results are anything like P2 then we are talking instant approval and we are still waiting on Activ-2 data which could land anytime now. Still don't understand where a year comes from.
You don’t need brains to be stupid. If you can’t afford to invest/lose in shares stick your money in a building society and earn 0.1%.
Hi ant, nice of you to mention me specifically, but why am I unlucky? My last post was to say I had exchanged my rolls Royce for sng, originally I sold 10k sng at 145 and bought RR for 103. Yesterday I sold RR for 103,losing £100 in dealing costs but bought sng at 105, I make that roughly a £4k gain? I am also gambling big on amigo after selling down on sng, which are so far up 20%. Also, it is big money, but if it goes tits up it will not impact on me, so please don't worry. Now to clarify, as of today I have 140k sng shares 740k shares amgo, so in amgo you can track how badly I am doing as it affects me at £7400 per penny, action takes place in the next couple of weeks, I'm personally hoping that sng fall a bit further as if amgo come good I will pull out and pile in here.
Hi Oakleaf....I believe a year or so based on the outcome of results and their full analysis, plus possible competition that wasn't around or known to be around when SNG spiked last July.
OMHO but I don't think we will shoot up again by 500% in day again , but it will be slow and steady steps and that will maintain the higher SP level.
I would just say “one man’s lose is another man’s gain”
Why a year Bline?
Trek1234 I know where you are coming from and the last few months have been difficult. A harsh lesson indeed. When to buy and sell is never easy. If the experience has been stressful then you made the right choice to sell up and move on. I am staying because I think this will come good so I hope you have made the wrong decision. Best of luck.
Trek....sorry to read about your loss, but this has been said before, you came to the party to late mate.
The money was made last July when 37p went to £2.52......if you bought at £1.77 that's on the way down from the spike all the way to back to poundland.
All that said, it will go back above £2 in a year or so, but you need patience to hold.
Indeed, just look what happened after the drop on vaccine news. Patience is the name of the game here. And if you want a bit of fun in the meantime learn technical analysis and do a bit of trading elsewhere. At the very least TA will teach you buy in points.
Trek - looks like you invested for a quick gain and lost out as many would have but I fear you will regret your decision in time (as I have on many investments) SNG was never going to be a get rich quick share (admittedly the 500%) made everyone think that and I certainly enjoyed it!
When you research SNG and RM you’ll see they are all about process and procedure and that continues to be the case, will never change! But this is an excellent quality to have in the pharmaceutical world and will eventually lead to SNG being sold/taken over by a major (not to far away IMO)
The silence (apart from the previous RNS) is deafening and many will admit that the previous RNS missed out some key components (I wonder why)
I’ve continued to build my stake and will continue to do so as hopefully the SP and sell price will be taken out of my hands very soon.
Good luck with future investments.
Gold
Selling at a huge loss before phase 3 and activ-2 data is released is crazy, nothing is guaranteed but odds very highly stacked in synairgens favour for success which would value the company at multiples of todays price.
This company never been about a short term flip trade and will reward the patient.