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Can't say I disagree with you kallu. But watching a stock drop 20% in a day for no reason takes its toll on unseasoned investors, and even us that have been through it multiple times. 95% are unseasoned and have probably never seen a bear market. You can almost say watching such a vicious drop you can't blame them.
Those who are real investors know what they are buying into and the problems the company faces and has a good idea of sentiment, balance risk and buy an amount in accordance to PF weighting/risk not to overexpose and then sit back and let it play out. Gamblers will try their luck on volatility for a quick 10% and sell at a loss if the quick buck doesn't materialise.
Contrarians love bear markets. As long as the company has no irrepairable problems, it's a risk worth taking at such a markdown. I wouldn't call contrarians gamblers....they are some of the most savvy out there and have an eye for bargains whilst everyone else loses their mind. Sure they have higher risk tolerances and get it wrong, but some of the best gains have been made buying at peak fear.
Kallu - Its the sunk cost fallacy with Dan.
moving up now.123p up 4p off the low
Panic and fear is a reason kallu. Not an educated one, but one none the less.
When you get talk of "going under", you know panic is in the air.
i'm out........
Nothing mate. My holding in DLAR down 23% as I write.
Is it the weekend yet?
Darktrace down 13%...thg down the most on my watchlist but its a bad, bad day.
Yes, of course, I don't live in cave.
A rebel attach doesn't constitute a full blown conflict.
Not seen the news then
fordm, what UAE conflict are you anticipating? Don't talk rubbish.
ryan, I'm a boomer? So you must be a gen Zero? a done nothing will do nothing generation, right? I think you need to find out what is a boomer, but that may involve reading up on something, clearly you lack the appetite for that. You are just a ramper, stick with your ramping and navel gazing.
Fordy, you can stick to your dinosaur companys, couldn't care less where oil goes to. Growth outperforms cyclicals over a long enough time horizon, always. Enjoy your additional 20% in your post apocalyptic world, boomer.
ryanf, too late about BP, I already own 40k, lucky for me bought way back so only owe me @280, you can buy some from me once a UAE conflict starts and it pushes past 4.00 again
Salty Fordy, quit being bitter about your loss and move on if THG makes you this emotional. I'm seeing buying opportunity, you see forever sinking ship. Buy BP at £4 if you like, after it's run up 90% in 15 months, no downside from there at all... I'll sell you my THG shares after it does a similar run or more in 15 months time.
£1.00 (44%) drop in one month, from and already cliff edge drop. How do you spell success? I expect these drops from the US markets where social media sparks a buying or selling frenzy, but UK stocks?
I suppose that makes THG a pioneer in that regard. But all negative.
May be worthwhile closing shorts now.
Its highly painful, i just want to exit at par 180 looking at how things are.
As long as you're not on margin you will be fine. Take mid to long term view. I've been here before with hammerson and cine, caught the bottom then sold on the bounce. The is a much better business. Just hold and do something else for a few months. If no one sells the shorts are screwed. Look up up Porsche vw short.
You only lose if you sell.
I completely relate... I am into THG, Boo, Asos and I have a massive paper loss. For THG I "managed" (interesting usage of the word) to average down to 1.75, but it's really painful. What I am saying to myself is that these are real companies, with real products on demand, with real customers and no matter what the SP does, I had my protein shake in the morning from myprotein, I wore the clothes I bought from ASOS to go to the gym, etc as many other people did today... Let's don't loose track of what is happening in real life, by looking a chart...
Big question do we sell other shares to buy more here or have we totally lost confidence?
I am not sure either way but I guess Matt can now buy back the whole company and vow to stay away from LSE!
Just wait for a recovery, most of us have large losses I paid 2.40
had only 1000 shares last week, now have over 50k all at a big loss now.
had 200gbp loss on the 1000, now very large loss.