There's no criticism of anyone's "concept" or "plan" from me Skid. My post was intended to be one of reflection and interest on the trading behaviour of other participants - precisely because I have been around in REAL corrections.
1987 was an interesting time which is where I learned some lessons. I then saved some dosh and applied what I learned in the 2007 correction by taking positions in the face of the stampeding herd.
A “correction” implies a stock has got ahead of itself - PEB was in that space earlier this year. I do not think PEB should be subject to any correction at the moment because IMHO, it is not overvalued.
My view on this is the same as MAC’s and for me at least, I try to learn from what I perceive to be others’ mistakes. For me, it is perilous to trade anything but an “established” share and, to my mind, PEB is certainly not yet an established share.
Investing in shares on the other hand can be very pleasurable and exciting, especially if there is no margin calls involved.