RE: What a day... and some interesting points in the report26 Sep 2020 08:01
Paul - I'm invested for the long term here. What we saw with Boohoo was a rule 1 event, a disproportionate drop in SP relative to value because of a mass sell-off and media onslaught. Everyone who got in when they did got a great price for a company that has great prospects. I intend to hold. If Boohoo no longer shows great signs of growth, I'll put my money elsewhere. But I don't need that money, and that's the key to investing. I'm not a trader. And by the way, I consider anyone a trader if their time horizon is 6 months or less. Investing is what you do when you want to be rich in 5-10 years' time. Trouble is human nature leads to greed, taking profits too early and ultimately messing up the long term strategy.