RE: What's the end game23 Sep 2020 22:12
I'm not one of the LTHers I presume you addressed this to, but it's a great question, and something to day-dream about for a bit of positivity (if it's needed!).
When I first bought in (at 14p) I figured 28p was my target - I'd withdraw my initial investment and let the rest have a free-ride until such time as I needed the extra money. As I spent time on here and researching (something that should prob be done before investing rather than after!) I became more and more convinced that we're onto a good thing.
Since then I have sold every other share I held (turned to to be decent timing) and put it into GGP. I've also added on falls and have gotten to the point where I have £30k in at an average of 19p. I feel pretty exposed, as I'm going against the golden rule of diversification, so seeing profits falling from £12k to £6k in the space of a few days hasn't been comfortable to watch. I seen the rise and fall coming, and I actually tried to set a limit sell order on my initial investment at 28p but it didn't go through. By the time I could sell it had fallen back to 24p and I didn't really expect it to go much lower than that.
What I have taken from this week however is lessons learnt. I don't know the next time I'm going to be in the same situation again, but with hind-sight I feel that the sp movement was actually pretty predictable. Next time I will see it clearer. What I also think is predictable however is another big gap up on some positive news. The GDXJ was way over-hyped, novices and traders came to play - traders made some good money, notices got burnt and have likely mostly sold up now. Now that the GDJX carry on seems to have passed, we can get back to how things were previously, only now secure in the knowledge that lots of shares are in sticky hands.
To take something positive from the last few days, hopefully all the weak holders are now flushed out or have researched and strapped themselves in. Hopefully we'll not now see another sell-off again when the Johnny-come-latelies finally break even at 25p again.