RE: Big Drop29 Jul 2019 12:21
Hi Ruprah
I guess it depends what timescales you are working too? GGP being up over 1200% on the 5 year chart, and we are still up 25% in a months, so i would say we've had good news, and a fair rise, sellers have now moved on, expecting to sit around 1.8 now until BH news or a holdings RNS drops, then on to 2.5-3p.
I dont get the frustration in waiting, my look on it is this, if you are confident (based on results so far) that company X will be worth 10p in 12 months time, wouldn't you be happy for it to stay low for as long as possible so you can add to your position before the inevitable rise? The only people getting impatient are the ones looking to get off the train at 3-4p imo.
For me with a longer timeframe this price action is much more beneficial as im still moving assets around and waiting to sell other holdings to top up here. I'd be happy if we stayed where we are for another month or two so i can sell everything else i have and pile in here.
More confident now then when i started my position at 0.9
Regards