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Happy weekend gang!
A share will not rise for ever. If it motors for a few days, you're lucky.
Many penny shares will leap for one day. Sometimes nobody knows why. What is more certain is that a rising share will stop going up.
This is why timing is a golden goose. If you get it right, it lays golden eggs.
If you pick a good penny share, it will suddenly rise for a day or two. Then it will stop going up. Now what do you do?
My usual ploy is to sell a penny share which stops going up. This locks in a profit. I try to sell before others also attempt to lock in a profit.
If you can resist a greedy impulse to expect the share to keep on rising, and you sell, you'll make money. If you hang onto the share you may make a bit more dosh, but you probably won't.
Because a share cannot rise in price if everybody is taking profits. It will drop. This might be the right time to buy it back. Or it might be time to look for something else.
Remember gang, shares do not rise for long. They soon stop, and, more than likely, they'll back track.
Now it's time to go to the Punter's Return. God bless!
To find out more about Malcolm CLICK HERE
UKSA is the leading independent organisation for private shareholders in the United Kingdom. It campaigns to protect your rights as a shareholder and runs educational activities for members.
For more information about UKSA CLICK HERE
