Why buy above 18p???22 Feb 2021 11:03
Its good to see different viewpoints, I'm learning each day even at aged 70. Lets say some bad news comes out and it drops to 5p, then my decision has not been wrong, although it would in that scenario have been even better if I had sold. Now lets look at the scenario where there is good news and a rise above 18p, when I'm showing a paper profit, and I start buying. Some would say with the right sort of good news it may/will go above 50/100p then I will still enjoy a handsome profit. There are good arguments supporting the view of buying on a rising share price. My strategy reduces some of the risks that others are simply ignoring. JJ Oh and Good Luck to all.