Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Enrico, excellent comments, all very true, If you keep chasing rainbows to recoup losses you will end up in the ditch. If the prospects are there then patience is required.
Thanks, Y4KBS. I experienced it myself in the past and, of course, wouldn't admit it had been happening to me. It's hard to break the vicious circle but it's possible and definitely worth it.
EnricoPallazzo : Excellent post. Hats off to you pal
This clearly hasn't worked out as a day trade for those caught on the spike. It will probably come good even for those who bought above 70p but you need to be prepared to hold long term to see it recover. In the meantime, it may go lower (possibly much lower), so you need to decide what's best for you. If you need the money short term, you may decide to take the hit now. If you don't need it soon, and you don't fret over the performance of the share every single day, you may decide to stay put. It all depends on your individual circumstances.
BTW, if you do fret over your shares all the time or you stretch your financial resources to invest more than you can really afford, you should consider this. I know that a lot of people lose their nerve when it comes to investing, and start jumping on such shares as a quick way to make money, without considering the associated risks. Often, this is done to recoup losses from a previous similar trade gone wrong. This is one of the signs of an addiction to trading; have a look at this to check that you aren't in that position or at risk of getting there:
https://www.investopedia.com/articles/investing/071713/downward-spiral-trading-addiction.asp
(Google 'addicted to trading investopedia' if the link is removed.)
If you've spotted any of these signs (and you must be absolutely honest with yourself!), stop immediately, even if it means taking a loss, and talk openly to someone (your partner, etc.) because it is extremely difficult to get out of it on your own without falling back in. Do it even if you feel ashamed to talk about it.
I know it doesn't apply to everyone here, so those of you who are not affected by such issues please don't take offense at my post: it is not meant to sound pompous and patronising; it is meant to help those who are in trouble. If it helps at least one person, I'll be very happy indeed.
All the best
EP