RE: JOGSP5 Oct 2022 11:42
I've been invested in JOG since 2017. I've seen the price fall from around 240p to 60p overnight basically losing a large chunk of my family savings.
Then miraculously jump to well over 300p just a few days later when I should have sold out because the value gradually slumped back. I did sell enough at the time to cover all losses and my initial investment and have been buying and selling since so that JOG is now my biggest earner and my current investment is up by over 70%.
But the point is many PI's were buying as the price was surging, all of them jumping on the band wagon.
All of the same arguments about better in than out have been made by many posters here over the years and most of them are no longer around having lost a great deal of money by buying at the wrong moment. They held on grimly as the price dropped back, waiting and hoping for the big payback that never came in their time and eventually sold for a huge loss.
I am NOT saying this will happen again here this time but it might. You might make your fortune by buying or you might lose your shirt, it is a gamble and should always be looked at that way.