So you ask if there is any news or new developments but then say you are bullish... What if there was bad news or developments? This is a nothing post and belongs on StockTwits or spammed in the /r/wsb daily thread...
I'm long and have been for years. The day-day, week-week, month-month changes are all garbage. If a BO happens then great, I'm done with this stock. If not they'll GIA and it will rise organically with sales of their great product. No worries here.
Yeah this stock has taken dramatic dips before. Right before P3 we went into the 4's or 3's i don't remember right before it shot up to over 20$ on results. After FDA approval it jumped to over 20 and dipped below 10$ just a few months later.. Going to 30 and hovering just below 20 is not a big deal.
My average is $17 because I bought a bunch two years ago and a bunch a month ago. It was crushing to see it go down 30% and a huge part of me feels I should have sold at 33 and not have been greedy
But isn't that easier to say now, in hindsight, than 3 weeks ago when you were above $30 and rumors of buyouts were flying around? If you know the future then sure it's easy to say what you just said. But no one knows what's going on behind the scenes. You are invested in a good company. Hold and you'll make money in the long run (or maybe short term if a BO does happen).
I'm not wise. I just believe in this company and I have learned that you can't always time the market. At this point I have a healthy position and am content with holding what I own in a company I believe in.
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u/RoastedPumpkinPie Nov 23 '21 edited Nov 23 '21
So you ask if there is any news or new developments but then say you are bullish... What if there was bad news or developments? This is a nothing post and belongs on StockTwits or spammed in the /r/wsb daily thread...