My Monitise (MON:LN) shares have flagged alerts a few times lately, they’ve been on a downward slide and i’ve seriously toyed with actually following through and selling off.
Now as mentioned before selling off on share price performance alone, is something I’ve struggled with as an investor. It’s a hard habit to break. So yet again I have played chicken instead and moved my stop-loss out to a massive 20%. Another horrifc mistake probably.
However there’s a few reasons why im disinclined to get out to soon here, the biggest is that I have read about rumours regarding a takeover move, and that any such move won’t be cheap. And secondly the growth prospects are as sound as they were when I first made the decision to invest. Arguably therefore riding the peaks and troughs is a sound decision, for now, presumably. Time will tell.
Author can be contacted: Investing1234@hotmail.co.uk
Please read the blog Legal Disclaimer.