Fortunes2 Dec 2020 19:27
Normally this would be a quiet conversation held over a few beers...but covid thought otherwise, so I'm asking on here instead......
Congrats to all thos 'BIG' hitters on here, who saw the light when it was a tiny flicker in a very dark night, many moons ago and invested silly money buying at a silly price. There are people on here who have millions and millions of these shares and they bought in at sub 1p.
My question to you guys is this - what persuaded you to invest so much when they were a tadpole in a large pond?
The reason I ask is because I am curios as to how people measure risk. I'm not talking about buying several hundred thousand shares for £30 or £300 or even £3000. That isn't 'risk taking it's a punt....win some lose sum...But for those big hitters here today who have 10million, 20 million even 30 million shares...they got in early when the stock was fractions of a penny and when the company was wriggling in the mire to find traction. But they also spent (for some) a small fortune (relatively). What was going thru your mind?
I bought in @ 1.5p...it was a punt, it cost me peanuts to buy quite a lot but I didn't think the stock had traction so ...easy come easy go. It was only when I did major research and saw promise, did I tip some serious wonga into GGP and have since averaged @ 11p. It's done well, better than well but it has performed at or beyond where my research took me. Surely the early risers here - couldn't have had that same amount of evidence in front of them to research GGP as it was still "just another tiddler" in a pond of Pike!
Would any big hitter humble us with their thought processes back then?
Responses greatly appreciated.
Z