I spent all weekend going to and fro between IQE:IQE and OPTI:Optibiotix for my £790 SIPP windfall.
Where to invest my tax rebate and CAML:Central Asia Metals dividend?
Although I really want to increase my IQE:IQE holding, I convinced myself it was a bit toppy, and at around 144p could easily drop to the mid 120's.
Whereas OPTI:Optibiotix at 74p was clearly still under-valued for what's about to happen, and every extra share purchased is another contribution towards increasing the number of free Sweetbiotix shares when that's spun off - and that's where the big, big gains are going to be (in my humble opinion).
So it was with great joy that I purchased 1,059 shares this morning for a bargain 73.33p costing £788.51.
I should have waited!!
Why do I always get the timing so wrong?
OPTI:Optibiotix dropped to an offer price of 71p by the end of the day, whereas IQE:IQE climbed from offer price of 144p to a bid price of 151.5p which would have left me up on the day.
So despite IQE:IQE making me loads of money today and going past 400% up in my ISA, OPTI:Optibiotix dropped 3p and with my extended holding each penny cost £450, leaving the combined portfolios £823 down on the day.
I don't regret buying more OPTI:Optibiotix as I'm still utterly convinced that long-term revenues are highly likely when these products catch on and distribution deals are announced in UK and USA. The low cost model and tiny number of shares in circulation mean that when demand appears and the traders stop trading, shares are going to be very hard to get.
So I'm feeling peeved at yet another badly timed purchase, but I have no regrets.
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