RE: Chart of the week - here is to more consolidation this week09 May 2021 11:17
Meant to add
£13.7 first major price target is the 5 wave 1 high.
Would make this board so very happy ------------------ This is the Fibonacci 76% level which would be the fail-safe for my bull case. On the daily chart (not shown), there is a building momentum divergence and chart support just under the current £8.60.
But I believe odds favour the current £8.25 low to hold firm. £13.7My first major price target is the 5 wave 1 high.
Started last year around 30p 35p bought sold dodged and trimmed. Anyone could have done the same. No point in sitting still when the price is volatile.
LT holders as i said I feel your pain. Had plenty in Marconi Ferranti and Energis Colt and others over the years. opportunity to average down at least if you have faith, if not take a hit against other gains.
Avyererdowt - your points are all valid.
Point 10. Always average down your average cost from 100% towards zero and beyond then the investment has protected your capital.
I reduce on all spikes and rebuy back lower when the spike settles.
I do not always get it right but most prices retrace - spikes or crashes.
RE: Any tips on when to sell a share ? lol09 May 2021 08:46
I was fortunate with my timing to add more at 121 the last dip earlier this year. It reversed within hours and hurtled upwards since. I continue to trade at these levels, trying to increase my holding by reducing some on moves up.
I see this around £3 when the estate is fully functioning again.
This board used to be both informative and interesting and yes I do understand why LT shareholders are unhappy. That said to me it seems that a lot of Johnny come lately investors are spinning like tops as they have not made a fast buck.
No investment is a guaranteed winner. But then one should have a balanced portfolio able to ride out the peaks and troughs. Not all eggs in one basket.
The price will rise and fall as it is sentiment driven. Ask yourself why you invested.
Was it a pure gamble? If so then some you win some you lose and take the hit is you are uncomfortable with paper losses.
Was it a speculative investment as you liked the story? I f so the story is largely unchanged. MLs were never 100 % certain. NI civil service moves slowly but will get there sometime and hurdles will be overcome.
For me, there are plenty of irons in the fire here and as news flow improves there will be spikes to improve averages which is always prudent to do.
All share prices fluctuate, daily and eventually reverse. Be patient.
Decide if you want to holdem, foldem walk or run away.
But whining here, will not help anyone.
Mine are in my bottom drawer and I can see the sunshine on the H&W cranes from here today.
Nostalgia for me, but INFA is like any investment. You pay your money and take your chances.
Just a view, no H8rs please. Not a recommendation. DYOR