Risky business31 Aug 2017 13:15
Dear fellow investors and gamblers. Read on if you are interested in the reasoning of a risk taker. I haven't a clue. My past is littered with losses like B&B, Norhern Rock, Jessops, Woolies, Southern Cross, Coffee Republic, Alliance & Leicester, Connaught, Concha, Solo etc. Despite all that I'm relieved to have come out on top.
Fortune sometimes favours the brave. If you like me stuck with OXB (my first buy 20/07/09 at 11.13p) then I hope you have felt relief. When I was throwing money following severe losses (bought 250,000 on 3/6/13 at 1.65p) I still didn't have a clue. I've hedged my bets along the way, across sept-oct 2015 I sold 3m around 7p. I sold 770,000 in July at 8.6p. Regrets no. I still hold 2.5m.
I've no idea what is going to happen. If fear creeps in I'll fantasise the delivery system is really worthless. If crazy ego kicks in I'll be hoping for a takeover or a £1 share price (what's the Parkinson's treatment worth?).
I haven't a clue. The SP goes up when people are selling, it goes down when people are buying. Large institutional investors have recently sold (Joy Group sold a 1% stake, still have considerable holding). Refinancing/loan agreements/ share offerings all put the jitters in place. What the heck! **** it. This time the gut feel worked for me tomorrow could be tears.
As I said, haven't a clue. I will be considering my options and whatever I do will be a choice a gamble. GLA