I know4 Jul 2021 14:12
People have limits to what they can afford and I know everyone reasons for selling.
But if you let BB users persuade you to sell the investment youve been hanging on to up to 37p and back down again, you must be mad. Appreciate some may need to money now, so it's really a criticism but if you don't need to sell...why would you? Letting BB users knock your confidence is just crazy. The resource is still in the ground, no one has nicked it, it's still the value of gold and was valued far lower than the current value of gold.
I'm not giving any kind of advice, I'm just stating the obvious. Yes, the drop hurts but Its just market sentiment.
If you were in ARB, you could havesold at plus 3quid but now it's 120ish and bitcoin is highly volatile....high risk. But people aren't selling, they are looking forward not at the current price. As with greatland, many holders(not I, might I add) have been in since low levels, some are nursing losses.
So, what I'm saying is you either believe in your investment or you don't. Nothing has changed, just some confidence knocking Muppets, the resource is still there and AIM is the same old weird market that it's ever been.
Yes there is probably a short on GGP....so what. Yes it makes it a pain in the arse but for the umpteenth time nothing has changed.
I'm not telling anyone to hang on or sell out. Investing needs a plan, just stick to it.
I made a mistake, over investing in BMN. The company has a bright future, but it's a while off yet and I made the mistake of having Rose tinted specs. Again I'm willing to wait because it's in progress, but I didn't read rns's properly because I was busy. As a result, I'm currently down. Not by lots, but still down. Totally my fault, but it's in the right place...just slightly at the wrong time.
If you think you need to sell up, stand back and assess where you're at and where this is going. Losses are paper losses unless you sell. If you don't like seeing the loss, just turn off and come back in a few months.
Confidence busters know that PI's are affected by day to day price and are quite happy to keep helping it along.
Just remember that these people didn't encourage you to invest but they are trying to encourage you to sell...it's not a balanced position.
My opinion only.