I think that you are just feeling glum
I felt exactly the same as you !
With waiting I mean - variously after “first big fundamental runs up “ in stocks I truly believed in .
And made the mistake of selling some down ,.. even just a few even to transfer to elsewhere..
I did this with :
DXB . OCC - I sold out finally @below 30c . Hmm (went up 7 times in one day in not many months from then- if you were not in , you missed it ) . RAC even I swapped out a few . I wish I didn’t .
IMU , @ 1.8-1.9c . ( before it saw 8c) . MSB I got cold feet months ago after first run and worried Re covid in case market perceived as bad , & whatever doubt was pervasive as I spoke to a doctor friend , who actually was busy at work and truly had no idea about what going on with this company - and I sold briefly. ( then had to buy back - thankfully, but it cost me dearly) )
CHN , GOR . Not held .
I can reel them off .
All we can do is do our diligence , ongoing , as to “why” we hold each stock .
The best situation is as here and as with others ,
Now —
**I only hold now - when it is the longterm into the next years which ensures the company— of that I am confident .
**AND with the additional proviso —that the MD /CEO must have put significant of their ownmoney in .
* Or given their life for years and prepared to do so ongoing as it is truly their work, working tirelessly basically .
Including participating in CRs , & including having bought shares on market when the shareprice value was fundamentally cheap and oversold .
A committed Board and especially CEO , & Key management.
Alcidon is one of the very few , as in very few stocks that I hold atm.
It is tough watching your stock that you hold not ‘go’ for quite a time .
The market is tough - always tricky . Longterm it doesn’t matter.
Waiting ~ is most certainly the hardest part .
At times I suspect market is very manipulated and held back - this is still a positive although. Number of shares on issue can lead to it being traded more .
But it’s good too - as ‘someone ( or a larger entity ) wants it’ if it possibly were being controlled .
I got very cold feet and sold on weakness - with Sirtex , viralytics, and also Avanco .
Cruel . Very held down near the end, then bam . Taken over . I actually lost money on each of these unfortunately .
I am more patient and a bit suspicious now if manipulation .
Its important to check who is holding shares - esp the top holders .
If they’re not dummies & they include your ultra- hardworking , world class CEO - then neither are you a dummy to be holding shares in the company![]()
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Last
5.3¢ |
Change
0.002(3.92%) |
Mkt cap ! $71.15M |
Open | High | Low | Value | Volume |
5.2¢ | 5.4¢ | 5.2¢ | $106.9K | 2.025M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 46592 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 23773 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 46592 | 0.053 |
3 | 198461 | 0.052 |
2 | 600000 | 0.051 |
2 | 800000 | 0.050 |
3 | 165366 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 23773 | 2 |
0.055 | 100525 | 4 |
0.056 | 53500 | 1 |
0.057 | 52600 | 1 |
0.058 | 35044 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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