Sold down too much!27 Sep 2005 13:18
DGM. Hi debbie, thanks. DGM has seen some very upbeat public statements lately both on the official news wire and commentary in the pundit magazines. It is unfortunate that without a crystal ball, just sometimes, the rug is pulled out from under you. But if you set yourself a price, a price at which if the share price reaches that price you either sell or buy, then you will limit losses but bag profits, it works every time, trust me. When I read fidelity had disposed of its holding, then within the next few hours Millions of shares were being sold, and then the bad news of a downsizing client, alarm bells rang, so much so that I never incurred realisable losses in the sharp down turn. That said, it is my belief that the price fall is underdone, "JOHAM2 has increased its stake. Buy yes but do not chase the price . Buy and then set a "stop price". You will at least save yourself from the worst case scenario, the downside is you may take profits too early and lose out of a further rise in the share price. You pays your money you take the choice so they say.