RE: 1st Patient18 Sep 2021 18:18
Kashdog, not pure gambling (unless the trader were reckless enough to commit their entire holding to trading).
I agree with you (and have said as much on this forum) that Buy and Hold is a difficult way forward to argue with, but the commitment of a block of shares to "trading the range" over the last six months or so has been a worthwhile process with which I am sure that anyone who subscribes to the "every little helps" approach will concur.
One day there will be a breakout and that trade won't work and that is to be expected, but if kept within sensible proportions no damage done.
I guess my overriding point was that the stability (but clearly defined ranges) that SCLP has shown over the last six or seven months has been not only a bit of a gift but also a very unusual opportunity for any LTH (who like me might not have been clever enough to sell at the 27.5p level) should they have chosen to follow that path.
I'm very much hoping for that illusive breakout on the upside..... I will welcome its arrival at any time, but until it does the continuance of the range will I'm sure be enjoyed by some; particulaly those who know where the top and the base levels are (of which I do not claim ti be one.
Anyway, while we wait IMO I'm sure some (to varying degrees) will have benefitted from SCLP's new found status and hence relaive stability.