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HH
thanks held since October but have a 3 year minimum time scale at the mo unless we hit 50p lol ,and I will be gone
@2020 upside - you ask when you become a long term holder -
I suppose you could say when you look at today's price action and have the courage (stupidity?) to shrug and simply say "Nah! Who cares"
It's getting harder not to care about the daily moves but if you are keeping your eye on where things may be a few years from now rather than a few days then you are probably a LTH even if you've only held the shares for a few days.
When you look at all the sells today they've been for piddly amounts. It makes you think if ppl need a few hundred quid, a few grand that desperately should they have really invested in the first place. Patience is the name of the game here. IMHO this is like locking a wedge into a savings account for 2 or 3 years that you can't touch, only difference being you'd get less than 1.6% in the bank whereas here the returns could be many times that. Today's price based on the recent news is a bargain and personally I hope it hangs around at this level for a bit longer.
@wasbenlittle in the nicest way possible keep your personal vendetta against silverhorse off this board please.
These will be 10p by Christmas Silverhorse said so get buying chaps :-)Doh
Just happy with the % allocated over each . I try not sell positions to rebalance id rather buy new to rebalance. I find touching things less works better than lots of trading and transitions fees etc. I've never understood and Id like to here a good argument the logic in slicing your winners too soon to rebalance . I read people on here involved in 30 plus companies. Might as well just have an index to me , which I do as one of my 3 investments at moment.
@tymers the whole market has been shocking in general for the past week ! Just look around only a couple of rockets but very far and few between and in different sectors.
Smiler. Whilst you sont want to put all your eggs in one basket and you believe the bottom has been found why are you not slicing out the other 2 to add here ? Or do you believe they are lower risk as such you wont be selling at a loss here?
2 others for now, why ? Well its bouncing off this support which tells me no one wants to sell below. Perhaps some traders been buying here selling 1.1 , seems like a lot effort to me and most. This drop has nothing to do with CEO or UFO fundamentally , if you look across the board most miners have halved since last year EUR, GGP etc . Some money has left the industry for now it seems , it will return when inflation increases/PM move up / covid/recession plays out. Its just really slow.
Smiler. Who says all the Paperhands have left? Your invested of course you will buy . Question do you have other investments or is UFO the only one?
tymers not entirely true is it if all the paperhands have left. There is good support at 0.85-9 . If I had spare cash id be buying more its on the bottom of the channel. I think we will be back up to 1p over next 2weeks . Having listened to the most recent presentation again I am even more bullish than I was 1 year ago , since then we know we have decent DSO / acquired 90% of plot and pushing ahead. Whichever way the economy goes the world is going to need steel. Don't get me wrong I am down and been waiting a year for this to push up , its teaching me patience but also how to average down and think and view charts on the monthly candle
The bottom is as un known as the upper limit fact. The sp is where it is as that's where the market values UFO what is needed is incredible news to move us anything less and we go lower
Let's face it mms went fishing to 0.8p today and we had super low volume and the whole pm sector is down. I suspect .8p is bottom and when sentiment returns to the sector and loss of faith in fiat happens the bounce back will be worth the wait. I'm not setting a stop loss and not worried by the current price.
If you have to ask your not ready lol you know when you know
@ silverhorse - I was born old and looking forward to retirement, and if you think UFO will put years on you, then as the saying goes "you ain't seen nothing"
The best explorers offer an asymmetric risk making long term healthy profits more likely than losing everything, the worst a pretty certain loss. None come with guarantees. UFO is making rapid progress for a junior explorer, the bad ones exhibit more volatility and make no progress at all.... if you can't afford to wait several years to see if you've made a good decision, then you can't afford to invest in junior explorers and need to find a safer place for your money.
When the share goes down your buy price - am around even here but down a bit GGP - am always up so bit ****ed off
This share could put years on you - you mush be near 100 happyhaddock
Just a question when do you become a long term holder
LTH