XpresSpa Group Inc (XSPA)

[postyle]

Nobody is ever going to time things perfectly, let alone myself who is not a professional trader (or pretends to be). I'm more of a recreational trader who will take advantage of the occasional opportunity.

I am perfectly happy taking a 24% profit in three trading days during one of the worst broad market cycles in recent years. Especially when there are other stocks on sale at great bargain prices. And by my calculations it's a lot better return selling well above $1.10, buying back in the $.60s, and flipping again at $.84 then it is for those who simply held all the way through CAFC and still haven't done anything with their depressed shares.

Not to mention I was only playing the short-term trade in regards to the en banc petition we all knew was coming. I'm not the quintessential kool-aid drinker who goes all-in on a pre-revenue company hoping for a perfect sequence of events to unfold. And certainly not with VRNG, which for many is now a situation where they are trying to recover losses from when original purchases were made back when VRNG was $3, $4, or higher.

It's all about risk vs. return. The potential for a big gain ahead for VRNG obviously exists, but not without a huge risk of having en banc denied in the next month or so.

I'll be much happier owning VRNG as a longer term investment when either en banc is granted (even it means at a much higher price) and the potential to revive the GOOG dispute is clearer, or after it washes out completely should the opposite happen. There are obviously more moving parts (ZTE, Asus, etc.) and these aren't the only two outcomes -- I'm just using it as an example.

I see investing similar to being a poker player. Bankroll management is the key to everything. You don't go all-in on one pot. Shoot, you don't even bring more than a small percentage of your bankroll to any one cash game event. Being diversified across multiple asset classes and allocating only a portion of one's portfolio to speculative equities is far more important than "being right" or "being wrong" about one story stock. The market is a lot bigger than just VRNG, exciting as this little company has been to follow over the last few years. And I plan to keep playing pots involving VRNG. For now, I'm more than happy to sit out the next couple of hands.