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I never invest with anything less than a 5-10 year timeframe in mind - if circumstances that impact the company change then I'll reassess but 5-10 years is the starting point. I don't buy with a specific exit price in mind (that doesn't mean I don't think about different scenarios), and I expect and accept that any investment I do buy will likely drop 25% or more on at least one occasion. The longer I hold the more times I would expect that to happen. Ultimately, my losses are limited to 100% of my investment whereas the upside is uncapped.
The key overarching question that I need to satisfy myself on before I invest in any small company is do I think it has the potential to grow into something very important that will benefit people in some way. I also need to believe that it could turn into a big independent company (which by default means sp would likely be multiples of what I bought in at). Obviously in the pharma/biotech space those that grow into big independent company's are outliers as buyouts are common place, but the possibility of being bought out is never part of my decision making. Ultimately, if a company is doing the right things and doing them well then it will always potentially attract the interest of others.
Yes good points and thank you. Fortunately I don't need this money, I will remind myself that my original time horizon was several years ,
I bought into the company, not the short term price action so I am here as long as it takes to realise significant value.
The questions I'd check-in on again are hopefully the ones you asked a year ago. Why did you originally invest in the stock? What was your original window of investment vs. expected return? What were your expected triggers for growth? Clearly you're nearly a third down on your original investment, so if you need that money elsewhere then you've a lot of work to do to source new investments. Or alternatively, go back to the fundamentals and re-rate your window or expectations - the triggers remain the same in my eyes.
Does anyone have a timeline whereby their patience is exacerbated here ? ( right word ? I think u know what I mean though ) as we don't live forever. The end of this year say for the shares to show some sign of positive life ?
My average is 125 as a 12 month holder so far
Sharcus I will not be liquidating my holding at £1.20 not a chance.
but it will take a 50% increase to get back to 120p.
posted before seeing your correction, well done
120-80 isn’t a 50% decline.
Correction: 30 odd percent, not 50
I like your thinking Sangi & Saints. If we approach those high teens, we might need to start thinking about building a war chest reddit-style, like you've been suggesting Sangi. And then pounce back in when we see a dip, or at a pre-agreed level. I for one would be very tempted to mass liquidate my stake at close to 120, and then sit on the sidelines to mentally recover. Especially after having seen (and traumatised by) this one poxy algo being able to pull off a 50% decline (120-80) even though it wasn't their success alone. I'm certain there were a number of algos/manuals piggy-backing them. Dry powder'll do us good in this range-bound market. Unless of course, 0518 hits the wires in a spectacular fashion soon and we shoot up fast which many here seem to believe to be weeks away.
I hope you're right either way, it would be good to a) get some solid news that will force the beginning of a re-rate and b) get some steady upwards momentum too. Admittedly I'm sat on an average of 117p, can't afford to buy any more at the moment (and I'm down on Hemo too) but happy to play the waiting game on both.
Seem to have stopped. Maybe just because low volume but they would normally carry on to drop the price further.
Looking good, interesting to see where will go once buying picks up. Maybe they achieved their target with last weeks lows and have closed position.
Or maybe news was leaked to them or they are anticipating the 0518 results release.