Krustysmegma3 Dec 2018 10:54
If you was to buy now at £1.32 you would be buying because you think the price will rise in the future, possibly back to £2 by next summer before the huge dividend. The total dividend that will be paid next year will be 18.3p making the yield 13.86%. So if you buy now at £1.32 and next summer they are £2.00 what does it matter if they dip slightly lower than you buy at ? Trying to catch the absolute bottom is very hard and more often than not you will miss the boat altogether. My mate has lost 10's of thousands by always moving his target buy price down by a penny or 2 each day till he completely missed the boat. One that springs to mind was HSBC last year, he sold 10,000 shares at 640p and said he would buy back at 620p, they got their so asked him if he bought them back, he said no he would wait for 618p. They never got to 618p but did turn around and go up to 780p and paid a dividend every 3 months aswell. I don't worry about the bottom. I buy and then think about the future upside. No good been a pessimist in this game, it will send you crazy.