RE: Target price12 Jan 2021 10:18
"Hi, I've been watching these forums for a while and I'm new to all this. I bought 30,000 shares of ITV when they were pretty much at their lowest 5 months back. I'm wondering at what price other longs will look to sell? I felt if I could double my money that would be good but I might be selling early at £1.30...thoughts anyone (not Tom though right?)
Hi obd3 & welcome to the board.
Congratulations on you timely purchase of ITV. I don't usually give advice but I would say taking a profit is never a bad thing, you will never or very rarely buy at the bottom and sell at the top. My personal view is this. My average ITV price is 160p and believe that ITV will recover at least to this price and most probably much higher. However, this comes down to the timeframe, I have no need for the spare cash that I have invested, so I have no time limit. My price target for ITV this year is 160p. I intend to reassess ITV at this point. Good luck in making the right choice for your own situation.