RE: Why the sells? - dumbfounded!4 Aug 2021 20:44
Robbie2017
In answer to your question, I first bought into GGP in July 2014 and have continued buying even after Newmont walked.
TBH I have also been getting seriously fcuked off more and more as of late with the blatent sp manipulation (IMO) that we've seen for most of this year (e.g. great news, sp falls, WTF!!) as well as seeing my holding in GGP having taken a £400k + paper hit since the beginning of the year!
So I took the decision (rightly or wrongly) that some of my still considerable profits (ave 1.1p) could be better invested in the interim, before ploughing any profits that I hope to make back into GGP (as I still have 100% faith that this will eventually come good, just IMO a few years away rather than months!) before the 'big one' lands.
Right decision so far as I am currently 10% up on the share I bought with the sale proceeds in under two weeks, meaning if sold out tomorrow I could buy back another 90,960 shares on top of replacing those GGP shares sold (at today's closing prices).
Still the plan, and for how long I'll wait (and how many more additional shares I'll end up with) I don't know. Even if I find myself at the time paying 36p so be it (hopefully I'll still end up with more shares!)
Yes it's a gamble and yes I could still miss 'the big one' if I wait too long, but as I still hold 1,718,232 in my ISA and 286,294 in my Pension I'm sure I'll survive! ;-)
GL