RE: Buy opp?25 Feb 2021 20:40
@Kevinl1977
For what it's worth....here's my two penneth........and WTFDIK!
It's all about perspective. Those that have been invested here for a while, will have already made serious gains and have a picture in their minds of being able to buy sub £1/50p/20p/5p and therefore, £2+ is expensive. This combined with the fact that they may have already made thousands if not hundreds of thousands of pounds.
If I consider, which I do, this share may see £10 in the near future (call it 4X where we are now), a longer term investor may not be interested in seeing their £1K grow to £4K. They want to see their £500K grow to £2M............but they may not have another £500K to throw at it and therefore, it's expensive.
However, if I am new to this share or new to investing, quadrupling my investment in the short term sounds fantastic!!
In short, is it still worth investing now, or on any potential drops? Of course it is!!
.........as long as we get to £10 in that analogy.
Jeez! I sound like my dad!!