RE: BOOOOM25 Nov 2020 09:04
This has been an interesting ride although not profitable thus far, and I imagine the same for many. Even if you were in a while ago and have actually done ok, its a bit flukey because had covid not arrived then presumably the SP would be nothing to shout about.
I mention this because, the frankly hysterical reaction from a fair few here to every rumour and sometimes tenuously related testing topic would suggest that this is the "stock of a lifetime"
I know many here are in other stocks but over the last 6 months there have been substantial rises from so many other companies I do wonder quite why there is so much devotion and emotion to this one.
Over he last 6 months, G4M 3 bagger, EVE 3 Bagger, WOSG 2 bagger, nearly 3. Just fairly ordinary low tech retail stocks, no drama, no BB's riven with derampers and foul language and spiteful crude comments.
The world of small pharma has been quite the eyeopener (for me), but clearly there are easier and quicker ways to make money than these stocks. NCYT is the exception but who knew? How many stocks do you have to hold for the one jewel to shine?
It would appear you need a lot of luck in your stock picking, because for all the analysis here (the good stuff), it has not "worked" yet. Realistically what are we looking at? a 5 bagger in 2 years? or 10 or 20 or 1, or less? The longer you project the timeframe the more chance some other company will pip you at the post and your research gets made redundant.
In hindsight it looks to me AS knew exactly what he was doing at 181p when he sold. He did not think the SP would likely get back to that price for some time.
So the lessons here seem fairly obvious , buy companies that you understand. Look for obvious signs of problems, (Director sells, delays in product launch, etc), don't over commit,
Some will have done all of this from the outset but I would wager more still, haven't.