RE: Peer Comparison, 2 bagger, 6 bagger? More?3 Dec 2020 10:50
haggis,
There are multitudes of reason why people may buy, sell or hold a stock, as Robtheman says.
Why does someone selling have to be because 'they must need the money desperately'?
Surely, everyone should have there own investment strategy and do whatever is best for them?
I stated only a week or so ago that I was holding for the long-term and had no intention of selling. I still don't, but in the last few days, as the SP has risen, AFC is now getting close to my self-imposed limit of not holding more than 20% in any one stock, due to the performance of shares elsewhere not keeping up.
If that happens (currently at circa 46p), I will take some profits.
My investment, my decision. And nothing to do with being 'desperate for the money', or being a day trader, or a fool as you would like to suggest (although the last one is open to debate) :-)
A Fund Manger will buy (or sell) within certain restrictions of their portfolio. If they are only allowed to hold 5% in any one company and it exceeds that by a certain threshold for a particular length of time, they will be forced sell. They may well be 'mad for selling', but they will be doing it for prudent portfolio management, and to protect the fund and their investors according to its imposed risk requirements.
People should remember that everyone is not the same.
I too intend to hold for all the news coming here and for the long term, I agree that the risk is low at this point. I have never day-traded, but I will manage my position as best suits my requirements. If that makes me a fool, then so be it.
Good luck to you and all other holders.