RE: Hope this seller is now cleared..2 Aug 2024 09:44
Small retail investors never seem to learn. When I first started 8yrs ago, I to, would try to front run where I thought the market would take the SP and if that meant selling at a loss and hoping to retrieve it by buying when SP fell further was in hindsight clearly bonkers, I learn't from it and have done well since, yet people still do it.
Selling at a loss when nothing has changed with the company; only the market is silly as it causes nothing but added pressure and usually more mistakes. I am 10% down now which, in the scheme of things it is ok although it still represents thousands of £ in paper loss.
The market is pricing in the likely moves in oil and gas prices IMO as JP Morgan and others are bearish. However given the company have already stuck to 3 quarter guidance we can pretty much write off this year and look forward to next. It isn't nice sitting on losses, but it is the only way to makes successful investments (not trades) so, all being equal I'll watch the retails traders make silly moves each side of the bid and ask and wait... because the company has a good blance sheet, manageable debt and decent potential assets, The market will catch up it is just a matter of time.