RE: Sudden (?) influx of buys?14 Apr 2021 13:56
Moonparty, I think so many of us feel that way, I know I have done 35 trades in the last six months on Scancell, of which 90% I have made money ranging from 1p-£500 on just a few occasions. I have only on one occasion bought at the lowest and sold at the highest, but after the rise I had to sell 50k of my 250k to redo my home and at least I sold at 27, 27.2 and twice at 27.7.
Last week I did manage to buy 10k at 22.75, I was really hoping to keep my core holding for longer, but, was not to be, I wasn"t trading just releasing funds to pay for my home decorations. So now holding strong my remaining 210k and my only plans are to sell another 10k when we hit the mid 30s.
I think many would agree we are now in the middle of the recent trading range, which for me is a good buy in price as the support to keep us above 20p has IMHO been very strong. Only in retrospect can we say whether our thoughts were right. I have just concentrated on Scancell as to be honest it is the one share I have a better understanding of how we move, but as ever wish anyone the best whatever they decide. When we do hit 35 whether we have bought in at 21p or 24p is of little consequence really, and I have learned on a couple of occasions it can be foolhardy and greedy waiting for a price we want to buy in retrospect again.
I am sure there are many of us with averages 12p-15p now so for the first time in a long term we are not chasing our tails which really to me feels good, good luck whatever you decide but with scope for good news on so many things, I feel we are better positioned than we ever have been now for the next leg up. ATB