Cheap Shares8 Oct 2020 17:40
Probably want cheap shares before an RNS. I`ve learnt the hardway over the years with panic selling. The truth is , is if you`ve got confidence in your self, your research and your investment you`ll stick with it and these SP dumps won`t effect your thinking. Also I`m not even saying look medium term. Last week we were all moaning that it wasn`t over a £. It is now. With more news it will be £1.30 , more news £1.60 etc and we will all be tested by the sudden drops. (This won`t always work out I was stung for £6k when the bottom fell out of valirx but I should have sold some on the way up from 25p to 70p)
Most of the time your research and confidence should carry you through.
JAdam made a good point this morning re confidence, these shakes are now much shorter and the bounce back is quicker. Additionally we as PI`s can never buy shares at the bottom of these drop which shows that they are being churned by large investors no doubt for a quick 10% in half an hour, the shortness of these drops now says it all really.
One last thing where`s that toolbox Andy from this morning 75p mark my words. FFS