@Manifesto28 May 2020 20:57
RE "You have just posted on SNG " or results are bad I'll probably take the hit,
sell and walk away..."
lol if you read the rest of what I posted you will see i said tiny amount, we are talking like a 300 quid trade as my account was pretty much tapped out but wanted to put something in for a bit of fun. If i lose like 50 quid and its worth like 250 and going nowhere i probably would sell at a loss lol but I dont really count that. I have a share where I am currently 2.5k down, it was 500 up before the crash in feb, if the FTSE takes another tumble it will probably go down a bit more, but fundamentally its a good company and will bounce back, still operating and suspended dividends this year.
I do like to be accurate so I will apologise for being a little inaccurate. So let me clarify:
TO DATE:
I have sold ZERO Shares at a loss
I held Microfocus through a loss but they bounced back and I made a profit
I held Diagio when they crashed at the start, they bounced back and I made a tiny profit but wanted the cash for Hemo
I hold other shares where there is a paper loss of approx 3k total
I bought shares in Northern Lynx and it cost me like £6k, it was a boiler house scam and the shares got delisted so never got a chance to sell, they are gone, but I never sold.
Hemo - I am currently ~20k in profit but no intention of selling any time soon.
Regarding ramping. The one thing I have found is that ramping hurts share prices in the long run and only benifits the rampers. What I TRY to do is counter de-rampers who appear to be trying to force the price down to buy in and also TRY and calm down some of the impulse buying when rampers are around so people dont get burnt. I didnt get burnt here in Hemo as I was already in but I do know people who did get burnt. IT would have been much better for all if there had been slower organic growth and not a big spike and dump like we saw. It was not helped by the Craig and Bower sell off but certainly there was pump and dump at play also. As for putting people off, SOMETIMES that is my intention. I dont want people thinking hemo is the next unicorn, People MIGHT HAVE TO WAIT a few days or weeks for news, personally I want longer term investors that are here for the long ride to invest and maintain a good stable HIGH SP going forward not fickle day investors who yes may force the price up one day but could do the exact same in reverse the very next day.