RE: Dukey5 Dec 2024 11:00
Dukey, if you read something you might learn something. You have just agreed with me.
It may be the price goes up for a while but what happens when all the fools have bought? Where is the value driver then?
All about timing the exit.
Back in the early 2000s there was a company called Knowledge Powered Solutions. It listed at 19p and went to, I think, £2.32. I put clients in at listing. We were selling on the way up. One client took out enough to buy a £350k house for cash. When it went to £2.32, I told him he had to sell the residual holding. So he got a quote for £2.16 but wouldn't sell because he didn't like being "ripped off". Needless to say the price collapsed after that.
Ask "Rachel" about Reversion to the Mean.
DYOR