RE: Alistair8 Jan 2025 11:20
True, but I doubt any Avacta holders were upset about it at the time!
If one is fortunate enough to perfectly time a sell at the peak of a share price, it means making somebody else a bagholder of a falling share. This is the nature of the markets. Not many shares rise consistently and indefinitely.
AIM retail investors often criticize CEOs for short-term decisions that harm the company's future, even when those decisions gave the price a huge boost at the time. Yet, they also complain when CEOs prioritise long term growth, frustrated by the lack of immediate market reaction, or in the case of AIM, almost cetainly a reaction in the opposite direction - because AIM investors are both fickle, and careful about leaving their money in risky small caps for longer than needed.
Sometimes, it's a no win scenario where AIM CEOs are judged for both foresight and hindsight simultaneously.
Make a long term decision, and have investors complaining now that the share price isn't moving - or make short term decisions, which they'll be delighted with in the short term, then complaining later instead. For AIM listed small caps, it's very much a one or the other choice, we can't normally have both.