Hold and chill until we pass £1...4 Sep 2021 09:57
I was in at 120p and hoped for 150p looking at the graph, it peaked at 155p, I should've sold.
It dropped back to 120p, I bought a few more in readiness for the next rise, and promised myself to start slicing when it does to reduce my commitment.
It dropped to 80p.
I sold other holdings and bought more to average down, expecting a bounce back from this ridiculous low, then new lows came and I watched my pension wither...
Yesterday I bought with my last cash in my ISA, again feeling that we're at the bottom and the only way is up.
I'm in a hole, but I don't retire for another 5 years, so restoring my SIPP can take that long if it needs to.
Side note: I have £5k in ABDX that was similarly quite red for what felt like a long time, and recently shot up on confidence of good potential news to £8,100.
I didn't sell, but should have!
It's back down now. No actual sales yet. The optimism is there and many have taken nice profits, as I should have. It cheers me up no end when one I'm in or watching gets on the list of biggest risers for that day.
One day GDR will be on that podium, too. Perhaps more than once.
Its hard to feel optimistic when the price is sitting at a low point, but these are the buying opportunities we'll look back on during and after a rise wishing we'd been brave and hoovered up more bargain shares.
In short, be brave, or quietly hold, if you believe in the future of GDR.
Bugger off if you don't!