‘Er Indoors isn’t happy with the price action!4 Mar 2021 13:32
For better or worse I tell my wife every week exactly how her shares are going (and she looks over my shoulder every day for an instant update) and of course she doesn’t like it that we are down 25% here (plus a pretty torrid time on other mining shares of late).
Let’s be honest that attitude is extremely common with loads of investor’s when a share is falling , the comment earlier about selling if it continues to drop is typical and understandable.
However if you want to make money on AIM shares, and this is where almost 100% of my income comes from so I have plenty of skin in the game, then you have to hold your nerve . Why would I take a loss unless I think the price of a share isn’t going to recover within a reasonable time ? It’s entirely different if a share has fundamental problems but with POW we have a very clear strategy to develop multiple assets. We have a CEO who is incredibly motivated and communicates really well with us shareholders. We have lots of news about to drop. I think there is a great prospect of us multi bagging this year.
Imo this is the time to hold and , if funds are available, to top up. That’s how you make money on AIM, at least it’s how I do it.
I am very, very optimistic about POW and it doesn’t matter to me if we go lower short term, except of course for the effect that it’s having only wife’s nerves!
When I look at the reasons why I bought in here absolutely nothing has changed to make me want to sell.