RE: Confidence8 Oct 2018 21:50
SPY & TOM
I was very open when I bought back in, and there is a big difference between a deramp and stating an opinion. I am now waiting to enter again to average down, my previous reentry was 1.17 and I was very open about that.
And for the record, I didn’t comment on anyone’s financial judgement. Mearly stated that regardless of the amount of £ put on the table it doesn’t increase anyone’s credibility. That’s not deramping or digging at anyone, it’s an absolute undeniable fact. If you are not willing to accept or cannot see that through those thick clouds up there then you should not be trading IMO
I live in the real world and there are gamblers at all levels of the market, it’s no different whether you’ve chucked £2m £200k or £20k on the table, we all have different risk tolerances and size of piggy bank.
Another point to we must consider now is GGP’s so called strength of having all these wonderful assets is now also a weakness that the MM’s will exploit because any hint of bad news and they batter the SP as was so very elegantly shown last week, the pied pipers strategy of the HAV RNS post EG flop didn’t work quite as well as they’d hoped.
Again I’m not deramping, all IMO....