RE: SP Movement18 May 2026 14:56
It certainly has worked for me Cev. I learnt the hard way with RKH 15 years ago. Why on earth would anyone sell a share that has risen from 70p to Β£5? Well, a few years later, it had fallen to 6p. I see the same posters on the RKH board now, they have held for years and years hoping it will get back to Β£5, money tied up unable to take new opportunities.
People are asking why SML is falling, maybe worried, maybe frustrated. I'm neither I am perfectly at ease.
It's greed that is most people's downfall on AIM. They think a good stock will rise forever. SML is a good stock, it will rise but it's had it major run, up 580% for me. The climb up will be very slow in comparison to the last few months. My money gained back by de-risking is working elsewhere now. Some has been spent on a very nice new vehicle. Yes Ive lost a little future profit. Not bothered.
If I'd sold RKH at Β£4 instead of hoping it would go further, instead of listening to other hopeful PI's and all the hype, well then I would be a very very very rich man instead of just a rich man.
Each to their own, but I'd rather safeguard my capital than sit on a share for years and years hoping it's going to make me a millionaire. Ask a few here who have been holding for years and years, Unable to jump into other opportunities, or buy nice things.
I'm holding 5 companies that I have de-risked on, all free shares, 2 doing very well, 2 loss-making, 1 about the same as I paid. What do I care, I'm sitting pretty, not lost a penny.
Good luck Cev.
-------------------------------------------
Coffey hasn't sold everything; that would crash the market. Like me, he will have de-risked, he's a pro. And de-risking on his scale will bring the SP down.
Yes I've done my research, SML is sound, but mining takes a long time and a lot of money to become profitable. The pro day traders and city gents have been in on the hype, and out now, the rise is over, they don't hold, this affects the SP short term more than fundamentals. They may well be back at times.
I would love to come back to this thread in 2 years to see how each of our personal strategies has fared. But for sure I will not have lost a penny or regret losing some profit.
Remember the song, "isn't it Ironic" .... the man who won the lottery and died the next day.