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Hi gareth - Roger that...
Yep, I know what you mean following ATHs being achieved - AIM is often notorious for such setbacks with so many traders involved in these under researched situations.
Getting promoted onto the main mkt at some point soon is the only real antidote to such extreme volatility but it'll surely happen soon; maybe in 2023 when we can see the y/e figs for 2022 as dcarn suggested earlier. GL, anyway - sasa.
"the name of the game is it's never wrong to take a profit, especially a decent one!"
Cheers Sasa this is what stops me from being too downbeat - I've also experienced from shares such as FXPO and EVR where I have held on when hitting ATH's that sudden, big reversals can suddenly wipe most/all of your profits in no time at all (not that I anticipate that to happen with SQZ anytime soon!)
But either way I wanted to post what I did for the sake of personal accountability to look back on in the future, and hopefully for the benefit of LTH's who may have been wavering whether to sell or hold during the recent surge. Y'all who held deserve to pat yourselves on the back!
Hi gareth - it's almost invariably the case that it's more difficult to gauge when to sell than when to buy. As long as you manage to achieve a reasonable / good profit when exiting, then you'll never go bust doing that!
The other half of the dilemma is what then do you buy as a replacement if you're minded to do more than just keep the proceeds on deposit earning zilch right now? If something genuinely more attractive presents itself, then fine but I've rarely come across better value than here in this sector, both statistically and with an eye to its potential, bearing in mind the upcoming developments.
That's kept me holding this for over ten years now but, ultimately, the name of the game is it's never wrong to take a profit, especially a decent one! - sasa.
Garethbriely19
Fwiw. I sold some shares in a company a while back to buy some more sqz. Only to see the other company double soon after and then watch serica languish for 18 months. So most of us get our timing wrong at times. As one of the posters posted you could always buy back in.
garethbrierley19 - I foolishly sold 60,000 SQZ shares @ 75p a while back. They were rights issue shares which I paid 18p for & other SQZ shares that I paid 30p - 35p for.
Fortunately, I did not sell all of the family's SQZ shares, after holding SQZ shares for over 10 years, it is heartening to see this company realising its potential. The journey continues....
GLA.
Following the BKR deal, Serica has always been a hold until at least April 2023 when 2022 Full Year results are released.
I feel your pain, i have held on more because of my pig headedness than any actual belief the price would rise to these levels. In fact i think i posted i would be pleased with a take over offer at much lower than we are now. However, whether the rise continues or we fall back no one can know but it must be tempting to cash in some profit now. Not sure who is buying these shares now when they could have been bought only a short time ago for about half what they are now.
You are all experienced enough I imagine to have read this lesson multiple times, but it always helps to be reminded of it!
I sold SQZ too soon. I only have myself to blame - I have been a LTH (can't remember exactly when I first bought in but around five or so years ago) I held throughout all the rises and drops, but my frustration with the lack of significant movement prompted me to take the decision over the last few months of cashing in my significant holding around the 130-145p range. I have seen us go up to 140p a couple of times before, only to then see us dwindle back down towards 110p-ish. I was sure it would happen again.
If I would have simply held for a few more weeks/months, I would be sitting on such a bigger pile of cash. Worse still, I invested my profits into Chinese funds which for those who don't pay much attention have gone significant lower in recent times (although hopefully in the long term they will sort themselves out, but as you all know it's never nice to buy into something to only then see it drop 15-20% straight away).
So congratulations to all of you who continue to hold - you are better investors than me. I still hold approx. £25k worth but rather than being delighted to surge through 200p, I now feel slight disappointment thanks to what could have been!
I'm sure in time the feeling will pass, after all I have earned great money in SQZ and best of all most of it has been in my ISA. You never turn your nose up at profit. But if I had paid more attention to the experts and held my nerve, I could have enjoyed even greater rewards.