RE: Avacta is the one10 May 2020 13:46
I started investing at the peak of the dot-com bubble in 2000. I split my money between 14 tech stocks and one other non-tech stock. One year later most of the tech stocks were worth a fraction or were worthless and the one non-tech stock (Arcadia) had 10 bagged and then been bought out. I ended up level after that first 12 months or so more by luck than any good judgement, otherwise that would have been the end of my stock market adventure almost before it had begun and 5 years of hard earned cash down the drain.
This Covid-19 bubble has obviously got plenty of legs yet and I've got money in here as well as GDR, SNG, ODX & ORPH and also had a good run on NCYT and no doubt will jump back in there at some point when it flies or dips. Like all bubbles though it will eventually pop and there will be many left holding the numerous babies wishing they'd cashed out earlier instead of getting greedy listening to advice on boards like this one.
With so many good plays around putting all your money into just one seems like crazy advise to be giving to new investors and it certainly worries me once a gang turn up talking about how many millions they've made here and there over the years and this is the next one.
Probably why I stopped using Bulletin boards when I started taking this all seriously, other than on a wet weekend!
GLA