RE: Basic Facts16 Mar 2022 02:31
BOO was taken down to a ridiculously low SP by co-ordinated (it seems to me) short attack with a lot of them just under the threshold to declare. Several popped over the threshold recently and it therefore appears there is a big sudden increase, when it is not. Much more relevant to me, is as a poster pointed out recently, some companies have broken ranks and are significantly reducing their holding. It is not going to be nearly as easy for those left to manipulate from the shadows. Hold firm and sit it out.
I'm now much deeper than I intended as I have added gradually trusting my ability to assess risk and prudently take advantage when opportunity presents. My main holding at 92p and ISA holding at 68 average price. I have no intention of selling even if I could walk away now unhurt.
I will only add more now if it drops to ridiculously low levels again but with the new ISA window coming, I will reassess then. GLA and only invest what you can afford to lose entirely.