There's many a slip.....3 Sep 2021 18:30
The bearish trend continues today and given that old chestnut "who'd be wanting to hold these over the wk/end sells are 20:1 over buys at 4:15 pm. Means diddly to me in so far as I would change my investment stance here. Pis moves are imo a very bad guide as to future prospects of any Company due I believe to reading too many Share Investment books that benefits the writer and rarely the reader and following the herd.
There's no substitute for hands on experience, you have to get in the ring. Do not for one minute think the mrkt is a yellow brick road to riches, one should enter the mrkt with dollops of scepticism and a long-term view. I know I've been in the mrkt since 1970 ish (my first foray, Dad gave me £10 to buy my fancy. I picked National Westminster Bank purely because he used to go there every Monday to conduct business and give them money. Hell, I thought he's giving them money it's gotta be good a buy and it turned out to be so. I made a few quid after the 1970 Banking crisis by holding on to NW Bank which gave me the bug. Afraid to say it went tits up after that but overall I guess I'm flat despite near 2 wipe outs and 2 life changing investments which haunts me to this day.
My two bigest regrets was swerving a tip from my local publican, who had contacts in Cyprus and urged me to buy Polly Peck at (9p). That stock went up like a rocket to £36 while I was navel gazing and sucking my thumb. The other was Berkshire Hathaway at £5000 which I had been following on and off for a few years on a tip from an American friend who won the 'Amateur' Golf Championship at Royal Porthcawl a few years previously. I could have bought 2 shares at the time but was too inexperienced to see 2 shares at £5000 was cheap against 20,000 Ladbrokes at 50p being expensive. Guess which one I bought?
Maybe PAT will bail me out of a sticky situation and I'll get 3rd time lucky? Hmmm, given its usually 3 strikes and your out I ain't counting on it! Evening all.
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