RE: Encouragement14 Jul 2023 09:26
Completely understand the logic, but you’ve got to be absolutely sure the SP is going to fall. What if there is a small bounce (relative to a lot of LTHs average in prices) to say just 10p. So I sold at 6.5p and now have to buy back at 10p! Some 35% less shares? And that’s ignoring trades costs and stamp duty.
If you’re a trader, fair enough. But for me, I don’t want to take the risk of being out of the market and missing out. Equally, I have enough shares that if this ever comes good I’ll be a happy man and won’t regret trying to eke out another 30-40% shares.
ETTO, truly. Whatever path we choose, we shouldn’t criticise others for it. If I’ve done that in the past (other than responding to a troll who is being antagonistic) then I apologise.