RE: Price.18 May 2018 17:29
''These shares whether large or small holdings are in sticky PI hands.''
.....
Hiya, Camp. Hope you are well mate. Whilst I have no doubt your hands are rather sticky (best not go into that though, eh!), I'm afraid I'm gonna have to disagree with you on that one. Don't get me wrong, there will be quite a few hardcore PI's, from whose cold, rigor mortis clenched fingers you'd have to prise their shares, however, on the whole, I reckon your average PI will struggle to stay the course once long fastasised for riches start to become a reality. And tbh, I wouldn't condemn them. Once the s.p. starts trading in three figures a 10% drop (something we've all ridden many times before at these levels) starts to become an entirely different proposition.
The way I see it, true riches are made in the market in one of 3 key ways (of course there will be variations on the theme, however...). By far the easiest... 1) Sheer good fortune/luck; being in the right place and at the right time as something entirely propitious appears out of left-field. You may not have earned it, but you'll jolly-well take it thanks very much! 2) Hard work and persistent diligence; researching, putting in the hours, being disciplined and consistently banking decent returns. You won't get rich quick, but you play the percentages game. And you work VERY hard to turn them in your favour. And, 3) You pick a stock, you research it exhaustively and, come what may, you hang in there regardless. There will be times when fortune scowls and berates you and it's hard to steel your nerve and hold on. But you do. And then, there will be other times - quite probably even more testing - when fortune conspires to favour and to bless. Where you see significant returns on your investment; you've 3 bagged, 4 bagged or, even five bagged. But we're not talking penny shares any more; that initial investment in pennies is trading in pounds now and you've got enough for a new car - maybe two new cars... and a holiday. Your daughter's wedding! Can you hold on? Can you keep your eyes on the prize and just be patient that little bit longer? Well... if you can, good on you, you've certainly earned your return. Through all the ups and the downs and the interminable waiting, if you can hold your nerve, stay the course, and defer significant rewards for the ultimate reward well... you've earned every penny. It won't have come easily but, sometimes simply holding will be the hardest thing we'll ever do.
Regards,
per ardua ad astra