Dixons Retail (LON:DXNS) took a massive drop today at around 12.5%. I decided to top up at around 37.78p. DXNS is now around the 50dSMA, with good momentum and fundamentals.
Yesterday, DXNS was in my “hold” zone. There was a very positive reaction to their results a few days ago, and I figured that a top-up would be justified given the extenuating circumstances. I didn’t do it, though.
It seems that with so many shares being hammered lately, especially today (and especially me!), there’s no need to compromise your trading strategy.
Anyway, I guess we’ll get to see a few months down the line whether I’m right or wrong. Fingers crossed. I think a lot will depend if we’re in a correction, or bear market. I’m theorising that we’re in a correction, as the markets have fallen too fast, too furious. BWTFDIK
I’m beating the market by about 12% from the beginning of this tax year, although I’m giving up ground fast. So I mustn’t grumble. I sure did prefer my performance at around May time, though!
Happy investing to you all.
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