Whether to hold9 Mar 2024 16:03
I've been in and out of HE1 for over three years, I took a hit in 2021 when I cashed out at a loss, had small wins and losses since and finally got in decent profit on the recent rise by buying on the morning the RNS dropped. I then averaged up to make a large holding and took a decent hit to my profits on Thursday at 08:02.
I sold out in stages on Thursday and now hold zero shares. Thankfully the crypto bull run meant I actually managed to recoup my losses and more within 24 hours, though things could flip back, of course.
People often ask why those who've sold stay on boards, well for me this post is in the hope of saving other people from losing their money. I know how that feels and it isn't great. Whenever I've previously had a bad news RNS land when holding HE1 shares I've been unsure what to do. This time I was certain.
The thing my experience in this share has taught me: selling out immediately at bad news would have always benefitted me. Waiting until good news lands before immediately buying would have always benefitted me. And that's it. The safest thing to do now is sell. The share price is likely to drift. Your money can do better elsewhere. Keep an eye on it, wait for the truly good news and then pounce. That's honestly how I read it.
I do wish you all well, it can put you through the ringer owning HE1, so genuinely good luck to all whatever your strategy and if it opens at 3p on Monday I'll be happy for all who held.