amitz
We phoned Lyc, we then went to our accountant got some financial advise as we were concerned at the time and he said, to us, buy in low and sell when it is high.
Since we have never had financial advice before we took his advice, and since then we have begun to see an improvement in our holdings.
However we have not sold…. Why because only a fool we both feel would sell in a market which is so volatile right now when news is not to far in the distant future.
We have been holders of the stock for nearly 7 years and we have always bought a little here and there. However since we now have what we consider to be a large holding, but maybe not to others we thought we would do our own research, ask the company some questions and then go to our accountant. If he had of said sell on the public advise already in the market and find something else we would have done so.
It cost us 550.00 for his advice. Money for us well spent.
No doubt we will be consulting with him again when we want to find out when to sell or de-risk.
For now we are happy to hold and buy in again if it goes down.
In fact we would even hold with a General Election called.
Hope that answers your question.
Happy trades.
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