Unless you can learn to love the red!26 Nov 2020 21:53
Chatting to a guy earlier today, old friend of my late father. Conversation rolled into us talking about my relatively short experience (or rather experimentation) of the stock market. Low and behold he said to me, without my mentioning, that if he were to pick an AIM stock for incredible long term gains, it would be without a doubt BooHoo. Of course I said that I had over the past few months bought and sold to make a few quid here and there.
In his view, BooHoo is the most monitored AIM stock today - it will move to LSE in 2 to 3 years if not sooner and when (not if) it does, Institutional investors will be falling over themselves to get a chunk. First institutional buy will see SP rise double digits and the rest will follow very quickly.
I have gone against my previous stance of waiting for a higher continued SP and bought “chunks” for my grandchildren. I will not be checking the blue/greens and reds every day, rather I shall take a peep every couple of months or so. As my father’s friend said, leave your investment to bed unless you can learn to love the red!