Invisage.
Like yourself I had a very good year up by 37%, but it could have been a lot better. This years resolution is to cut my losses earlier.
For example there were six shares that I should have soled earlier. I eventually sold five holdings for an average loss of 21%. I reinvested the money as new opportunities came along. These new investments have increased by an average of 31% and have recovered the loss. If I had held the shares in question my losses on those shares would be 17.8%.This would have made my very good year, just a good one.
It does pay to cut your losses.
My biggest mistake was not getting out of ETQ, these are only worth 1p each, a loss of 80%.Luckily it is a very small holding. The product that they manufacture is brilliant. An air filter which also uses UV light. It kills all types of virus including MRSA.It is cheap versions start well within 4 figures and you can retrofit it. Only problem is that the management are useless. They took the eye off the ball and neglected profitable parts of the company. They spent a fortune trying to get orders grom the NHS. There is a system which is working very well at a hospital in Basingstoke, but now the decision making is so fragmented, who's responsible, who's budget will the equipment come out of?.
You have so many administrators in the NHS and none can make a decision, what is o.k. in one area may not be o.k in. Better spend some more taxpayers money and hire a few more!
They should have targeted companies such as cruise liners, trains,airlines, (I would pay an extra couple of quid to come off holiday without catching some bug on the flight home) or commercial property,offices. New perk for merchant bankers, bug free air. At least these would have been able to make the decision and purchase.
Still not worth selling now I will hang on in the vauge hope that some one will put them out of their misery and take them over.
Remember cut those losses!
