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Sorry GameStop up 62% the relevance, when this finally moves higher it will go up quickly.
At that point the trolls will disappear.
Hence, my suggestion, do not look too often and listen to all the noise.
This is massively undervalued and your only enemy is your impatience for a quick recovery.
So just chill out wait for the results and understand this is going higher but not in a straight line.
Have a nice day Andrew
Holding 241,980 shares at an average of 143.75.
Towards the end of the week if the price is still this low then I will start buying some more.
Not nice to continually see losses but at some point this will turn.
Had the same experience when covid hit started buying when Merian mid cap was 20% down , got down to 45%.
Also, was buying other funds. The best decision of my life and made a lot of money.
Plenty of similarities at the moment with the way tech has been sold off.
But still painful.
Have a good day and when this starts to rise it will be like a rocket and then I will kick myself that I did not buy more.
Andrew
Ps Have a look at the cycle of investor emotions.
Holding up well.
Where is the risk, down from here or up?
We all know at some point this jumps from these levels.
So why would you sell, red in the US yesterday this could well have been down 5% but it is not.
The trolls are looking a bit desperate which always a good sign, the more noise they give the more uncomfortable they feel.
Have a great weekend everyone.
Regards Andrew
Ps always easy to sell for that instant relief but you may end up with long term discomfort.
There are lots of headwinds, rising interest rates, costs of living ,investment in the business and supply chain challenges.
The list goes on.
But if we look at the big picture, this has come down too far.
Last time I looked it was still a profitable business.
So at some point it all turns around. Funds start buying again, people go out more and the logistical issues disappear.
Remember , oil makes up a huge part of the inflation numbers and is it really going so much higher in the next year from here , I doubt it.
There is also a shortage of staff in many areas and wages are rising for the younger age groups, precisely the people who buy Boo.
So yes it has been a bit grim to hold the shares and would be very easy to sell now but I suspect you would regret that.
Instant relief and long term discomfort.
Hold fast, and look at the big picture.
Andrew
sorry I do not think I should give the link as I am a client of theirs.
I may be worrying unnecessarily, webinar on bright talk.
Finding balance in UK small and mid caps
Daniel Nickols and Richard Watts
Covid still dominates near term market sentiment and the path of inflation remains murky, yet there are reasons for optimism on the UK’s growth prospects and...
Feb 09 2022 11:00 am | 60 mins
Just watched a webinar from Richard Watts Jupiter.
He mentioned Hut group.
The fact that stood out for me.
Nestle have just bought Allgain for 5 times sales, The hut group trades at about 0.5 sales.
Hence, thinks it is fantastically cheap.
Can not forward link as you had to register etc , industry etc, sorry ,but that was my take away.
Andrew
So when the price goes down, the people holding this share give reasons why it is undervalued and why they have bought.
When the price goes up the shorters run away and disappear.
Tells me they have nothing to add, of consequence, either professional shorters or just trolls.
Worth remembering.
Lets hope we hear no more from them as the outlook is bright.
Also, starting to look forward to the afternoon, lets have another good close.
Andrew
Jupiter still holding plenty at a much higher price.
Still one of their top ten holdings in the mid cap fund after a massive fall so they have topped up.
My understanding this coming from Boo.
Hence, I am pretty relaxed although I would obviously prefer a huge rise today.
Keep smiling and be patient, difficult I know and when the price rises a lot of people on here will disappear a win double.
I remember two years ago with covid hitting the stock market I started buying Merian mid cap and other funds after they fell 20%.
I continued to buy.
However, once the fund was down circa 45%, although I had access to capital I only put in £15,000 on that day.
Whether this goes to £1 or £2, I will look back and say at £1/£2 should I have not bought more.
What stopped me? It was in a pension for god sake that you could tie up for 10 years if you wanted.
Anyway now sitting on 170,000 shares in my pension, off to to Birmingham Uni and will have a look later to maybe buy another 30,000.
If price at £1.40 it will actually feel easier than £1.20.
Told my daughter to study behavioural finance so she can explain.
Andrew
Currently holding 150k shares in my pension, at £1.50 average .spent another £40,000 cash at circa 1.36/1.37 and will probably will buy more. Worse ways I have to hold for a year to make a decent profit which would not be the end of the world and I know I will kick myself if I look back and think I did nothing. Have a good day. Andrew
Well done,
Great to see the price going up like this.
I did not as was too worried to be honest and already have a large holding for me.
Also, too many people gloating about the price going down which is never nice.
If you are invested genuinely happy for you if not better luck next time.
Andrew
I must admit feeling a lot more positive today than yesterday. My worry was that there was a lot going on behind the scenes and hence the large sell on Friday. This may still be the case but I think it is reasonable to assume that it has more to do with sell off in the Nas than anything. I guess we will find out later today, the Nas will be up and will be important to see if Hut rises with it.
Either we are being hoodwinked by the market makers or we have hit the bottom and THG will now rise. Sure there will be some volatility but looking very positive. Cue Russia invades Ukraine and I look a fool. But I can live with that. Good luck everyone.
I have been quietly adding for my pension, average price about £1.40.(150,000 shares)
Very excited about the opportunity.
Will now wait and see what happens for the next 6 months.
Also, got BooHoo and Scottish mortgage trust. Just mindful of a war in Ukraine, so keeping 30% cash.
Good luck everyone.