RE: Risk and reward25 Nov 2024 10:30
After being in the red a few times over the last 10/15 years, I learned to hold my nerve and make decisions based on logic (and not to sell when I'm in the red!) IMV JD is a solid business, it isn't going to go bust. Which is why I'm buying. The volatility is good for trading too, I've been buying since the start of 2024 and buying and selling to increase my holding.
It's always a risk to buy at 95p, there's no way to know if this is the bottom, but I've bought them at 1.15/1.20+ so at 20/25p discount is well worth it. I sold all my share in sept when they hit 1.39 - again i lost out by not selling at 1.50, but again there's no way of knowing 1.50 was the peak.... so you just have to make a decision and be happy with it, I was definitley feeling sick in my stomach when I saw them keep going up after I sold!!!!!!
But more importantly I held my nerve as the shares kept dropping from sept until now, and I think that's something I'm really happy about. This is where I've been reading and listening to the people on here with level 3 access and their analysis.
By trading the shares throughout the year I've increased the money I have to play with and now I'm all in. 95p is the lowest it's been in almost 5 years (the only time it was lower was when everything collapsed in covid march 2020), the other time was october 2022.
Long term trend is up so I'm happy with my decision - I know they say trickle in your buying so you have a lower average, but when it's this low I don't think there's any point.
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