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Though nowhere the same volume as you, back in March I had just over 50,000 shares - sold them at 9p to a very tasty profit, more than 150%. Had I held them I would now be looking at something like 600% profit.
I decided to get back into GGP a month or so ago, but with a lot less money - the way I help myself through the tears is to think of this as a new journey and that old holding was a completely different journey at a different time with a different purpose...
Damn my lack of disposable income!! oh well nice problem to have - rising share price that is.
Can good news wait just 4 more weeks please? my position here is really quite small at the moment, in fact if everyone can stomach it i would like to hold this share price for another 6 months? is that asking too much?
I hate market timing, literally if i had stated investing 3 hours later i would have 10-20% more shares. Right I'm not looking anymore until 26 October, pay day and date of my next top up.
Good luck all
I completely understand the pain of others - but for some of us the sp is a reprieve to give us time to build a position.
And then there are those posters who see a falling share price and it makes them nervous but they are too heavily invested (money, emotion or both) and so they can't tolerate anyone holding a view contrary to theirs because it makes them scared.
And so they start quoting stuff like "look at the fundamentals they haven't changed despite the share price" and they call others weak and cowards for selling and yet ironically they themselves refuse to re-evaluate their own position out of fear.
If you honestly believe this is going to fly to 12,15,20p then so what if people sell that is their choice, their business, their money, so what if the share prices goes to 3p right ... ?
I want naive that’s the point, why would I sell out if I thought a billion £ offer was on the table?
Also thank you crediting me with the magical power to perfectly time the market, yes I could have sold out at 9.2p when it touched that price for about an hour. :-)
Just before GGP major announcement a week and a bit ago share price was flying, excitement everywhere then someone mentioned the bubbly in the villa and my heart stopped, I sold out just before the announcement at 8.5p and now the price is 7.8p I think ... everyone was super excited and all talk about ggp being bought out by Newcrest and ... nope. Now everyone is “don’t worry this is the year for ggp etc etc.” and the pullbacks and excuses start coming out.
Might end up eating my words with ggp but damn it’s the same story I see all the time. I just wish people were more like “yeah cool, nice rise” and that’s it.
There is an old myth that jealous genies often punish those who brag out loud, I am starting to believe in that curse when it comes to shares and talk of cars, bubbly, yachts etc.
Oh crap you had to say it didn’t you. As soon as I start seeing the “drinking bubbly in ya villa” or “supping rum on ya yacht” comments I know it is the death knell for a share. Same happened with Sound Energy, Sirius, and recently Greatland Gold.
Well it was an interesting ride, shame ...
Mate I've just seen it too many times in my life and I suffered the same burns myself. I read this forum and I see the same language I saw on Sound Energy: drinking expensive bubbly, in a big villa with a flashy car etc etc - cheeky little top ups (since when was £10,000 cheeky or little!?).
I sincerely hope people are not topping up to the point where their investment in GGP is 100% of their portfolio or close to - come on learn from other companies like Sound Energy and Sirius Minerals, massive ramp-ups and life changing losses.
Be in GGP because it looks solid, but keep it to 5%-10% of your portfolio, don't be in so much that whenever the price drops by 1% you stick another £10,000 into it and then lie to the wife/husband/partner regarding where all the money has gone and then lose many nights sleep (or worse).
Be invested but always ask yourself, what happens if this fails?
I always ask myself: which would make me more stressed, missing out on a huge gain, or losing most/everything?
Agreed! I bought a World tracker ETF just yesterday and already 5% down - pain in the proverbial. So no where is safe.
But surely the very nature of a trader is that they don't care about 'getting back in', what they care about is the price difference between what they buy and sell at. So even if GGP shoots up to 12p day traders won't care long term they will still buy in at 12p and sell at 13p and so forth?
Oh crap, if people start talking about what expensive car they're going to buy then I'm out ... as soon as people start that talk I inevitably lose money.
I used to be in Sound, I got out, I now have my money in GGP. No promise of "£10 won't cut it" etc. but very real possibility of 5+ bagger. Do yourself a favour, take a look. Decision as always is yours but seriously SOU is a dog that even the fleas dumped off.
A virus travelling at light speed? Do you know how much energy it would take to move an organism, even as small as a virus, at the speed of light? More energy than two people chatting that's for sure.
Yesterday I bought very low volumes, e.g. 1 share at 3p just so I could get a nice round number of ggp shares.
On a side note, if people are still paying comission for their trades then stop! I'm with Freetrade and they charge £0 for all trades. I was literally able to buy 1 GGP share, because I had 49,999 and it annoyed the hell out of me so bought 1 share to get it to 50,000
With a director buy today surely they can't announce anything price affecting for a while? Is there a lock in period to prevent insider trading? Hasn't stopped me though just topped up my holding to 50,000 total now - slowly adding.
Why do all AIM message boards have the same personalities on them. There is gold in the ground, there is a global virus outbreak, markets are hit hard, all shares are hit hard. Yes GGP will probably drop further which is annoying as I entered on Monday and if only I had entered today but who the hell in the world can guess the best time to enter any share. I'm gonna use this turbulence to top up. I've been burnt before, Sound Energy being the biggest sh*t show I ever invested in, but difference here is that GGP have something good in the ground and have a huge partner. Gonna sit back and not worry. Oh and also because I haven't invested my life savings/pension into a single penny stock I won't be sweating and shouting on forums when it drops in price, seen that too over at Sirius. Chill and hope you get rich(er).