When stocks rebound, WHERE best to invest?
Quote:
Originally Posted by
~dadam02~
Rolls Royce is a tricky bugger to trade at the moment, anyone know the reason for the recent monumental rise in sp? I had a holding I sold at a loss once the rights issue was announced (sold at 124) which then dropped to just over 100 (good decision at that point) then someone lit the afterburners and its sky rocketted since. Decided it couldn't possibly stay at these highs, all things considered, so bought into 3SRR and subsequently lost 75% value today alone, ffs. So where does RR go from here? Surely down? Considering another punt on 3SRR @ under £2/share (this was >£40/share when RR was trading at its recent low.
As I said previously I have a decent holding in RR, it’s crazy times for sure, I’m expecting a drop soon as it’s doubled in price in less than a week..
I have a figure in mind that’s close and if it hits that then I’m selling a third of my stock, the rest I’ll keep and take up some of the rights and maybe sell the rest, think it’s called swallowing your tail.
There is talk of RR becoming a market leader for small nuclear engines, to effectively take over the jet engine as it’s phased out, long term this could play out well but it has to make it through the short term first..
Apparently the rise is due to people moving out of other investments like premium bonds and buying what appears to be bargain stock, so it all could be false gains, guess we’ll see when the rights are announced.