RE: Winner?6 Mar 2021 16:17
As its the weekend:
Goodapple asks " what closing price on the day of results - 18th March?"
Why? is anybody selling on that day? Because if you are not, who cares?
However its a good question as in, what price would you (the individual) sell at and when?
If you can't answer that question then I think its worth contemplating: The (individual) has invested a sum of money, probably £1000's, in a company and is not sure what price to sell at or when.
Some will argue that its long term ie years, but that has always smacked to me of avoiding the question: By all means say 10 years and 150p per share. However for it to mean something then the individual should have a thought process that will justify a 150p SP in a 10 year time frame, otherwise its a worthless statement.
I only mention this because many investors that bother to post and enjoy BB's, tend not to be quite so LTB&H as they imagine (otherwise why would you check a BB daily and comment on the short term prospects and SP?)
It's a difficult answer to an easy question because ultimately we can't forecast the future, but I would argue that this part of the plan is normally somewhat over looked and yet its the part of the plan that crystallises the gain and is the whole point of the initial purchase.
fwiw and for my part (and ignore my time frames, because its each to his own), if a share does what I though either ahead or on time, then I simply look at it in a fresh light and imagine I had sold, would I buy at this "new", higher price. If the answer is yes, then fairly obviously I hold for a bit longer, but I will have a new time frame, maybe to the next set of results or a new price target I think it will most likely now achieve.
But my plan is not the point. The point is just to have one.
So, if you haven't thought about it, maybe it might be a worthwhile exercise?