Farewell1 Oct 2020 18:25
My god there has been some drivel on this board for the last 2 days with a host of nonsensical posters looking to press peoples buttons with wildly ridiculous posts. I’ll tell you where i am at.... Like most I was in until results or hopefully a few weeks after where I would reduce my holding, cash out some profit and let the rest build. Results day was gut wrenchingly disappointing for all of us.. fact.. people can dress it up in all sorts of ways but the reality is we all called it wrong. Some smart arse will pipe up that they knew it all along blah blah but that’s *******s. We all got caught with our pants down against expectation and indeed the pattern at the last set of results and before that. Sadly for me I’d learnt the hard way in 2017 when these same excellent results caused a 20% drop to the value in one day. I consider myself incredibly lucky that I managed to sell out at 3.93 only in that my exposure was huge and for me it was about risk, gain and loss. I’m a normal bloke with a normal job and the profit I had for 7 weeks was more than enough. Was I and am I disappointed yes - because I honestly felt this would and I think will be amazing. I got stuck in for 6months before in 2017 to get level I couldn’t be in that place again purely around my personal financial situation. In hindsight my level of investment in one stock was slightly reckless but it paid off but equally it shouldn’t have given the last 48 hours so for those new - don’t use me as an example as I consider myself incredibly lucky with no skill involved. Will this go back up ? Of course it will, ignore the drivel on this board by new posters if you’ve caught a cold and are now stuck (I was there in 2017) you will be fine it will recover and you will get your profit My feelings are mixed - I hate the stock market as it defies logic, we didn’t get it all wrong we judged a share on how it was performing and the value. I don’t have the answers, someone somewhere has it in for Boo. The media, the brokers it goes on and on against a backdrop of world uncertainty. The next big hurdle for everyone is the us elections and if old Donald doesn’t want to go if he loses it will cause world chaos. However I wish you all well it’s been a blast over the last few weeks. Some great posters and posts and have kept the spirits high. Don’t doubt yourselves we all called it. For Those that have sold profit is profit don’t be kicking yourself when this goes to 4,5,6 because it will. It just needs longer to get there against a very uncertain backdrop of the markets. Good luck all and maybe I’ll see you all Again, this time With a much smaller holding. I won’t miss the sleepless nights that’s for sure!!