Hello all
Yes, I kept my eye on the prize for quite some time but to no noticable outcome - lots of promises but lacking on delivery.
Unlike some, I did not get in early on this company and therefore was not sitting on a multi-bagger - and as much as I may believe in the company's future, I could not be waiting around forever for things to happen.
So with that in mind, late last year I bit the bullet and sold (at a small loss) and moved my funds elsewhere. Peeling away the layers of wrapping paper was becoming exhusting!!
Thankfully the move has proved rewarding, with significant gains in the few shares I move to and/or topped up.
People talk about not falling in love with their investments - that is so true, it is so easy. You can get so caught in the dream and the story and in the end not realise other opportunities are passing you by.
In my case, with the funds from the sale, some for example went into PEN - given the rise in that share and taking into account the price at which I first bought ESG - ESG would need to top out at over $4 per share. Now is that likely - Probably YES - long term. But while I sat around waiting there were lots of other opportunities like PEN passing by.
As it stands now, if I was to sell ONLY the shares I bought with the proceeds from ESG sale, not only can I buy ESG back at a lower price now - I would also be able to buy 4X the number of shares!!
But back to the subject at hand - Yes, keep an eye on the price, but dont be blind to the smorgasbord of other prizes available.
Thanks Mezz
- Forums
- ASX - By Stock
- ESG
- keep your eye on the prize!
keep your eye on the prize!, page-14
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ESG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online