RE: Gambling addict , i couldn't beat them so i've joined them13 Jun 2020 16:40
Update on this:
I sold a third of my total shares in this at around 1.59, i had planned to do this originally as I thought there would be resistance at around the 1.6 mark. A nice increase from the 1.09 i brought in at. So out of my 40k originally invested i'm now only risking 21k.
The sharp drop since then has brought me back to earth again and i'm worried at the possibility of a second wave obliterating this share especially with the higher reliance on retail compared to other gambling shares. Looking at all the photos of the huge crowds in the black lives matters protests in the us and the UK doesn't help me with this worry. If Cheltenham was to blame for so many cases of the virus, then surely these protests will too? I'm also thinking people emulate what others do, so they might see these people not following social distancing and this lack of worry for it will rub off on them too. My knowledge on the virus is not great though so i need to study the chances of a second wave more.
Was very tempted to buy back in yesterday but decided not to push my luck, and am edging on I probably won't unless there is another major crash. If the outside risk factors were low, I would be very confident in this, very impressed with their response to the virus.
Next week will be very important, good luck to those invested. Thanks to Splice and Slime1 especially for their input.