RE: Who's looking forward to another 5% loss tomorrow13 Oct 2020 23:51
Foxy, if a share is only 32p now then buying in at 28p instead may only be pennies now but it can mean thousands of extra profit when it comes to sell.
£10k @ 32p gets you 31,250 shares
£10k @ 28p gets you 35,714 shares
If you were then to sell at 200p those additional shares bought just 4p cheaper would be worth £9k. You're not just talking pennies any more.
I'm likely to buy in this week and I'd rather do it at 28p than 32p. Hopefully the longer term holders won't mind the temporary dip before the huge rise.