Today's board14 Apr 2021 14:09
This morning’s exchanges, particularly around Visaiinn’s announcement, have been an eye opener. I’ve been at LSE a little over a month, having previously been at ADVFN. Just like here the AVCT board there was constantly abuzz with chatter, but only some of it was relevant and informed. Otherwise there it was poisonous, awash with vitriolic anger, grandstanding and closedmindedness from a small group who saw themselves as the proprietorial elite, foul language and above all in the end it was being destroyed by overt racial hatred. No need to explain my departure further than that.
When I arrived here I was relieved to find the AVCT board seemed remarkably well informed, with great input from a number of individuals, but the board similarly very busy because of the nature of what is going on with Avacta. Sadly I realise that this board too is showing signs of going similarly downhill as the intensity grows. Even over the Easter break the posts were in the hundreds!
Looking at individual profiles tells me that some post nowhere else but AVCT, others predominantly in one incestuously small sector. It seems to be these who want dogged discussion at a microscopic level and are not able to lift their heads above the detail. All that begins to suggest several here may be entirely invested in AVCT, or in this small sector, and/or are financially overcommitted. If so no wonder there is stress and anger.
I can only suggest that anyone who can see themselves in any part of that should diversify, scale back, maybe even take some profit, and relax more than a little. They, and everyone else, will be better for it. We could all benefit from drawing breath before pounding the keyboard.
Sell/buy isn’t necessarily a binary decision. I’m holding for the long game but, in the wake of what happened at NCYT, I’ve now a defensive stop loss in place at a level that I don’t expect the shares to reach but if they do I’m still out with 100% profit. I recognise I’m probably fortunate in being able to do that having been in for 12 months and having bought when SP was still in 2 figures. That isn’t intended as a smug gloat, rather a continuation of the theme that diversity and balanced investing will minimise the risk.
Good luck to all serious investors here. Thank you for all the well-researched intelligence, the keen eyes. I hope we all get through in one piece! Sorry for the sermon, I’ve got it off my chest without pointing fingers, without expletives. Now’s the time to shut up.