RE: Blimey14 Sep 2021 18:18
It is ridiculous
You bought in to a company that is still doing what you bought in for, infact more.
This always happens when there is a share price drop, you all argue, its everyone elses fault that you're under water. You pressed the buy button, no one else. The share price is not determined by the company, the company is doing more than when it was at 240p.
Avacta has a high PI ownership base and as such is targeted by the market to trade. they will keep hitting the SP because THEY DON'T CARE, they get paid as long as there are buys and sells. Where as a lot of you stare at the share price all day and worry because its dropped 10p
THE MM's know this, GGP, BMN are in the same boat and as such ramp the share price up and down everyday, earning cash. Do you think II's care if it drops - they don't because they have an investment case, just like you should have.
Instead of whining like******, think about what you have invested in and ignore the bullsh*t. People who follow Myles, who is an extremely talented chap, do so at a risk. If he changes his investment strategy, you know about it afterwards and also he knows the game and again has a strategy - he generally sticks to it by the looks. But he also has quite a high cash base and so is able to weather the storm when SP drops - not everyone can do that. Following a stock picker has that risk.
Personally, I think Myles is a fantastic researcher and it looks like his trading ability is just as good. I read his research but don't necessarily follow his picks, because I only invest in what I understand. Once I have pressed the buy button, its all on me anyway.
So stop ball aching and blaming everyone else. if you don't like it, help the shorters and sell.