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Wednesday, August 12, 2020 12:03:41 AM
I’m definitely in this through earnings and expect I’ll keep a decent amount of shares longer. Full disclosure, because I started buying this before the Q1 earnings crash, my basis is around 0.01. If I were in your shoes at .004, heck yeah I’d sell some at +150% or in that zip code. What proportion is your call, but would never fault someone for capitalizing on a great entry.
I continue to be optimistic about Q2 financials and BBRW generally. As jaesmooth and others have emphasized, there is more to interpreting the Q than just revenue, but there’s really only one direction to go in that department if these guys are for real (as I believe they are). I do worry that if the O/S count has ticked up slightly (which is possible and would not alarm me), that could trigger panic and overshadow even good news in the Q. That fear is mitigated by the fact that I’ve gotten comfortable with a longer time horizon here given why I believe to be substantial potential upside in the longer term.
There’s still hair on the ball, although not IMO enough to warrant the histrionics we’ve read here. Based on everything I know today, I’m rolling with my intact sell orders for this, based on which I would sell ~1/3 of my shares in the ~0.02-0.06 range for 1.75x initial capital invested. By my usual standards, that’s a very optimistic exit trajectory, but based on all the research and my own personal circumstances, I would rather wait than cash out a substantial portion of my shares so far below what I believe could be near-/intermediate-term PPS levels.
Only one man’s opinion, but rest assured my candle for BBRW hasn’t dimmed. Happy trading!
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