Experience26 Jan 2021 15:02
Just wanted to share one small piece of experience from learning the hard way. If it helps one person then It will have been worth it. I invested in Aston Martin at what I thought was a bargain price last year. I got jitters and sold at a significant loss only to see it go on an upward trajectory which would have made me a tidy sum. Although it’s a different company with completely different fundamentals i remember thinking the same then as many might be thinking here now: “don’t want to lose more money”, “don’t want to take anymore risk”, “what if I lose more”, “I could be making more money elsewhere”. All I can say is I won’t be making the same mistake twice. Sig may or may not have bottomed for now but IMO once the brake is lifted this will move very fast just like Aston did. From my point of view the company is in a strong position to orchestrate a turn around and it’s a matter of weeks or months before we see a significance difference here.