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Well, as a 23 year old, still at university, I'm holding 1250 Novacyt (and synairgen- @75p) shares... and its taking a lot of nerve not to sell up.
As laughable as it might sound, the £13k they're worth now is more money than I've ever had at one time in my life... but I don't want to get greedy.
At the same time, If these get to £30-40 a share- I can get a buy to let mortgage and move into property- pretty unheard of for a lot of my generation.
At this point though, I need someone to tell me that £30-40 a share isn't greedy... and even if it does reach those highs, would it be better to top slice, and sell of 50% of the shares incase it goes into the 100s in a couple of years time?
The research in this board is great, and I check it a lot. Probably more than my boss would like me to whilst I'm working. However, as the new kid, sometimes you need a bit of advise from the people who've been doing this for years.
Greed or inevitability?
You need to do whats right for you! I don't think you will ever regret taking a profit on shares.
When you get greedy and lose then you feel bad! I don't think Novacyt is going south anytime soon.
The share prices estimated by brokers aren't so different maybe take 50% then and hold 50% to see where it takes you! That way you keep yourself secure but don't miss out on a golden ticket!
Earth...here's some advice - don't take advice from these message boards. There is a wealth of really good analysis, research and informed opinion, but there is also a lot of nonsense (not to mention trolling and verbal abuse). You can't always be sure of people's motives for what they are posting; in many cases they are entirely self-serving.
By all means read people's posts, but DYOR and go with your own analysis and instincts.
BTW, nice problem to have!
go spend it on hookers and coke my friend
@earth
Nobody can tell you that, shares can go up as well as down. If you want to leverage risk, sell half and retain half for longer term ie 12 months plus. If the stock becomes the next ASOS you will still do well and if it turns to sh@t you have still done ok. It's all about risk really.
At 23 frankly maybe you can take more risk. Lock it away for 12 months focus on your study and turn your computer off. Return when you finish your degree to see what you have?
Earth, as a seasoned shareholder you learn that you have the choice of any of the four bad decisions below.
Decision 1. Sell to take your profit - Price goes up Ahrghh I'm so stupid - why didn't I hold my nerve and sell a little higher or .. if price goes down (and its very rare to catch the top!) - I'm bloody invincible! should I buy in again and make even more?
Decision 2. Top Slice - Price goes up Ahrghh I'm so stupid - if only I'd left them in, and I've only gone and bought a new phone I didn't need ... or if price goes down - why was I so greedy and not sell them all
Decision 3. Hold - Price goes up - Ahrghh, this is so nerve racking and at some time I've got to make decision 1 or price goes down - Why was I so stupid and greedy not to sell
Decision 4. Get a loan and buy more - Ahrghh this is a horrible roller coaster, why did I do something so stupid, I mean brilliant, I mean ahrghhh make a decision man, I need pills!
Only you can decide which of the bad decisions you make but if you've done your research at least you can have solace in the fact that you did your best and made an honest decision.
Good for you, earth; investing rather than spending is commendable at your age and so you deserve your reward for enterprise.
I tend to agree with NovaSight's comments, effectively that 'it's never wrong to take a good profit' but NCYT's stellar sp growth, in such a short time, is very much the exception in this game and I've been investing for over 50 years now.
What I look for in an attractive proposition is threefold - 1) strong management 2) healthy balance sheet and 3) a valuable asset, either with a moat around it or a decent 'first mover' advantage - we have all these attributes here right now.
Coincidentally, I hold SNG as well, as it appears to meet my criteria, too and I suspect that it'll really get going shortly (especially if the phase 111 trial outcome is successful, which I anticipate) - how much higher might these two 'bug fighters' go? No idea but for now, they appear to be the best prospects on the mkt right now, imv.
Someone recently suggested that NCYT might make an offer for Synairgen at some point (making for a test and treatment combo + COPD to ensure longevity in this fast changing climate) - who knows? It's certainly very exciting, anyway, so GL - sasa.
Sasa......That could of been me that suggested that tie up.Both have appointed the same broker in the last month. And what a combo...testing and treatment....talk about having your cake and eating it....
earth7000, From todays meeting it would seem II's are now in the process of 'getting involved', - buying.
That being the case I would suggest that now is not the right time to sell.
I know you are sorely tempted, and you must follow your instinct, but for the above reason, (and many others), my shares are not for sale.
Thanks guys,
To be honest its just reassuring that I'm not the only one with these kinds of decisions, obviously I don't know about your personal finances and risk involved here- for those who've already made it in life, house, kids, nice job, I'm sure the grinds never been easy, and now that this opportunity has come, you've been in far more advantageous positions to make far more on this stock than people like myself.
That being said, I'm a Staffordshire boy, and places like Stoke are nearby where property is dirt cheap - £50-100k for terraces- with returns of 7-20% in some places.
Thinking about what you have said has kinda made me think, the risk is, I lose a healthy proportion of profit- however, having such a low average buy in price at around the £3.50 mark, I can still retain profit if it all goes tits up realistically...
The upside, like you say is whats so tempting right now. If this goes to £40-100 a share (as some have been suggesting more recently, and with the average pe in pharma being around 15, £135 is probably a bull estimate surely?) it would seem that the reward would be a sustainable source of income for the rest of my life. When I look at it like that... I kinda have no choice but to hold this until the end ay ;)
I realise its not polite question but what sort of profits are you all looking at currently?
Are some of you millionires yet? Who got in right at the bottom? alot of you must be very rich and happy.
Well done.
It’s a no brainier this opportunity only happens rarely so take out your original stake and let the rest ride. That way you have lost nothing or take out original stake + £500. It’s cost you nothing !
Hi Oriens - yes it might well have been your suggestion which chimed with my thoughts here. Seems quite logical to me, given NCYT are now actively looking for an attractive acquisition or two with their fast growing cash pile.
Such a move would gainfully widen their offering beyond testing if a major pharma doesn't see the same opportunity first - a reliable treatment for covid, if spotted early, is rare at present and SNG seems to have just that.
As for a vaccine, well, sadly, that looks to be some way off yet... sasa.
A few large sells across the Channel pushing the price down - but recovering now.