Paper loss growing. Along with conviction to hold.5 Mar 2021 10:07
As expected ( by me anyway) :- they have dropped the price.
I expect no respite.
It is how they operate to facilitate favoured buyers and try to depress private holders into selling.
I expect no change next week.
Nor for a while.
It is very important to see clearly what we can. The price is tightly controlled via computer auro trades ( but monitored).
Private holders are the enemies of trading houses and market makers. If we have the patience and guts to hold discomfort then we should put this one away and not expect recovery until as and when. Certainly not soon. It can help soothe the nerves when we eliminate the bar of expectation.
I am on v. large loss. If it takes 6 months or 2 years I will wait. I have lost too many times through impatience and have learned that only when there is perceived capitulation will the price recover. ( or another variable via RNS).
Best to turn away and expect nothing in an open-ended way.
Business fundamentals are solid with or without DHSC extension. As are markets and 2021/2 outlook and diversification beyond covid.
This is no Afren.