RE: Decree 52026 Aug 2022 09:14
Burn.
Unlike some, though I'm underwater with POG (who isn't, though 'drowned' is probably a better descripotion) and at this time even money ?? on EVR, I'm still in the black with Poly. But to say "Until you sell you've not lost" is a bit 'restrictive' in thinking in my view.
One's hope, (I assume) in investing/buying shares is to make best use of ones capital. This may occure when buying and holding, it may also work when selling out (at a loss) and moving into something else and then potentially getting back in or staying out for ever, having bought a rising stock. Remember any change always has a risk attached, as well as costs. The hope that a once great company will retrace it's share price is all well and good, but less experianced investors should realise that this does not always happen. I've seen both occure, shares go from $20 to $83 then to zero and others go from £2 to £10 and stay there. Most here know this more than I, but it is reality. One should in my view always keep a weather eye open, and not fall in love with a stock. One sees some hold onto their Lloyds's or Nat Wests or Rolls Royce's with white knuckles, dreaming, "it was 10 times this five years ago!" whilst the world passes them by.
I will NOT be selling my POG holding, yes it's taken a bit of a bashing, and I'm a bit dizzy! but I do think that it will retrace, at least in part. It's a well run company, in my view hampered by matters outside it's control, but it's handling those as well if not better than most. Septembers figures will be important as will any developments in the war. Agility at times like this is (to me) important, I'd never bash (or pump for that matter) as some here do repeatedly, (they are to be deeply loathed) but just be aware of the situation both for the company and yourself.
Just my 2d's worth.
GLASH.