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31/01/18
10:44
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Originally posted by lifeguard22
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I'm going to stick to a plan here. My Li stocks have gone up a bit, and they may come down a bit. But I believe in the sector, and can't deny the macro information that is pouring in about EV's and the transition to the new battery economy. I know that the wider market will put pressure on the sector, and even good stocks will lose value as those who were speculating are pushed to the fringes.
But... I'm going to HODL through this one, in the hope that some turbulence now will lead to greater returns later on. Yes, some of my stocks are down 20-30% off recent highs, however nearly all are still in the green. And my thinking is, that as soon as (any) one of them comes out with a killer offtake agreement, or signed deal with a major overseas player, they will boot back up again - and that is completely unpredictable.
So for now.. I'm pulling a Maximus and will "...hold the line!"
This is my strategy - I suggest you adjust yours as YMMD!
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Your conviction to hold reminds me of this good article: https://microcapclub.com/2014/08/the-conviction-to-hold/
"Many investors spend all their time trying to find great microcap companies only to sell them after quick paltry gains. If management is executing and the story hasn’t changed, hold on for the real money. Find great companies, develop the conviction to hold them, and it will change your life."