Big Rise - Take profits5 Apr 2013 10:21
Back on 28th Feb, after SKR's meteoric rise from 4p to 14p, PI's could happily have sold with a 250% profit, I suggested selling and taking the profit, (Profit is only profit when you sell) as it is rare that you ever get that in one day. But folks were bleating on that it would hit 20p and more. Now we are back at 6.5p and heading south.
Aim shares are like this, everyone piles in on potential, the price rockets, the wise get out and the price slowly comes down, this is the pattern with about 90% of them anyway. Will it have another massive rise? Does lightning strike twice?
Investing in AIM is as much about knowing when to sell, as it is, when to buy.