RE: confused19 Feb 2022 16:44
I was in two minds as to whether to sell my entire holding before results day as, in most stocks I hold, even when the results appear good/ok/on-track, the sp ends down by the end of the day. Unfortunately, on this occasion, I held, believing the results would inspire confidence that the company was on target and the sp at least sustained. Considering the IPO was oversubscribed at 225p, then went as high as 280p briefly, should I be surprised it's sub 200p now? It has been as low as 188p I think and there is quite a bit of volatility with PODP. The wide spread doesn't help either. It appears buys outweighed sells on Friday although the figures are not entirely accurate and only meant as a rough guide so maybe 50/50. I think imo the MMs pushing the sp down & sub 200p triggered quite a few stop losses. Everything was looking good until about 13:15 when the sp tanked. As Litoum says, the macro economic conditions are not helping. Then come the negative posters finding every reason under the sun to be bearish on what is a growth stock only recently listed to put further fear into the market. Who doesn't feel like bailing out when under water. The question is, do you crystalise a loss or hold and hope for a recovery. The rollout of EV charging and associated National Grid upgrade is an enormous challenge and can't happen overnight and not by one company alone. If there are component shortages, everyone's affected. I'm not a fan of EV's (yet) but aware we're being forced down this route. I topped up my 14yr old diesel car this morning - full tank >750miles range with no range anxiety and can have the heating on too. As I drive, my car gets lighter - can't say that about EVs. Do I want to buy an EV next, no. I don't do many miles now and I'll fill up in a couple of months time which will take <5mins. I'll continue holding but maybe top slice a bit next time I'm in the blue. I think it's going to be a bit of a rollercoaster.
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