Liquidate entire portfolio until virus is over?

schiff

That's pretty much me. My allocations have been a bit random and probably wouldn't bear scrutiny, but I've been lucky. My largest fund is Smithson which I've had since flotation and my second largest is Fundsmith since 2016. 

Sailtheworld

Just_a_person said:

kinger101 said:

Just_a_person said:

kinger101 said:

(a) the fact the share price just shot up massively.  Markets respond every moment they're open.
(b) I don't think you know the difference between antibody and antigen testing, but the PCR tests made by Novacyt for are for viral RNA.  Which is neither of these.  They're bit players compared to the likes of Roche, Qiagen, NEB, Thermofisher, BioRad and IDT.
(c) Most profits in these sorts of things are in IP.  Most jurisdictions can over-ride patents in national emergencies.  Stuff will mostly be sold at cost.  There's a long-lasting benefit to the company, but it's intangible.

By all means buy Omega Diagnostics tomorrow, but the chances you'll be able to execute a purchase the moment the market opens is slim.  Difficult to buy yesterday's good news.

Thats nice, but as has been highlighted you are the one that doesnt understand the difference.
Anyhow, I did indeed miss the boat for Omega but invested a modest speculatory amount in Genedrive based on their low market cap and the antigen tests that they are working on. I am up a not too shabby 27% already.

It's not been highlighted at all.  
Did you read the last set of interim accounts?
http://www.genedriveplc.com/company-reports/GenedriveInterimReport2020.pdf
Do you understand the implications of have about 8 months operating expenses left?  What do you plan to do with these shares?

None of the above particulary relevant for a momentum play if you can read the technicals. Anyhow after going in on Tuesday morning and out this afternoon I take away 53% profit. Probably got a little further to run based on charting but the baloon will eventually pop. Put the money back into one of my long term oilies.

Wealth warning for those new to investing. Please note the person that sold probably a couple hundred of quids worth of shares to the poster above isn't on the Internet showing off about it. Success bias.

Sailtheworld

Just plugged yesterday's share prices into my tracking software. I've made not a single change because of Coronavirus and I'm about 4% off the peaks of February. That's with an over exposure to the UK. Given I was sleeping pretty well when we hit the lows I'm not planning on making any changes apart from a possible rebalancing in April 2021.

vitamin_joe

If you were sleeping well during the lows, you must have a well-balanced portfolio. 

Alexland

vitamin_joe said:

If you were sleeping well during the lows, you must have a well-balanced portfolio. 

Or just rich enough that even at the reduced valuations it wouldn't really stop you meeting your objectives.

Sailtheworld

Alexland said:

vitamin_joe said:

If you were sleeping well during the lows, you must have a well-balanced portfolio. 

Or just rich enough that even at the reduced valuations it wouldn't really stop you meeting your objectives.

Fair point. Doing alright but need investment returns to meet my longer term objectives.To be honest I prefer to let a high savings rate do a lot of the heavy lifting and tone down the risk. I'm spending even less in lockdown so savings rate has actually gone up.

Prism

vitamin_joe said:

If you were sleeping well during the lows, you must have a well-balanced portfolio. 

As an example of what I think is a pretty balanced portfolio, I started this year and had gains of +3% by 20th Feb which then dropped to -13% by 18th March and now its back up to +2% for the year to date. I did some selling and buying of around 15% of the portfolio during March and April and I have a bit more to do to bring things back to my roughly 60% equites target. It honestly never felt that bad at all - much more concerned with the actual real life effect of the virus and lockdown than those returns.

Ceme3000

Maybe we need a new thread called "Did you liquidate on the way down and now regret it?"

ProDave

Ceme3000 said:

Maybe we need a new thread called "Did you liquidate on the way down and now regret it?"

I had liquidated before the crash (expecting a crash for different reasons) and bought back close to the bottom, so no, not regretting it.

blue_max_3

I was tempted to invest after the crash, but didn't think we'd bottomed out. Now it's just risen and risen. That makes it an easy decision for me to stay out for now. My view is there is a significant problem getting back to work and every area of business is being effected. The government is surely propping the market up and that will come to an end at some point.