RE: what's your conviction in PHE9 Dec 2021 12:34
I started off with 10% in February 2020, gradually averaging down until it was 50% of my portfolio. Around 3s I sold everything else and was 100% in here.
I'm out now though. Moved the lot to SAE. I'll be back here at some point next year I presume. But there is no point having money sat here when little is moving, and even good RNSs can't increase the baseline support. May as well have it in a savings account.
When there is a working FOAK it becomes an investment rather than a gamble.
I anticipate coming back here next year when the SP is either around 3p,or when SAE has risen enough that selling those shares will buy my 2 million here. At that point I'll be in it for the long haul.
So full disclosure I to intend to buy back in here if the SP falls but good luck to everyone who is still in. (If SAE goes to 5p by the end of the month I might just come straight back here)