Spiked - lesson learned25 Jul 2017 23:08
I did some research on this share on Sunday and set my buy order before 7am on Monday as this is when I have to set off for work. I didn't set a limit. I think my trade eventually went through at 8:30 for 6.789p.
Having watched the price dip all day I knew I'd been spiked but my stake in this is what I would call a minimum bet in terms of my portfolio - not even 5% of it to be fair - so I don't mind.
As I understand, this will need financing one way or another but there is potential to make a profit (IMO and based on other people's comments)
I guess the part where I should have learnt my lesson was that I was too impatient when setting up my order. A lot of posts here and on twitter said the study would be published before end of year results, hence this week. I could have just waited for the results and made a judgment on Monday evening (or whichever evening the RNS would have come out if not Monday), but I took the gamble.
What next? Sit and wait to see what happens! Until recently I had been in a share on a spike for over two years and finally got out at a profit last week, so for a small fraction of my PF I am more than happy to ride this one out.
I also love going to Wales on holiday. I was on Anglesey just this April for a week. If these shares do well, I might even treat the family to another trip there with a visit to Parys Mountain itself!
Good luck everyone!