Tuesday, May 03, 2022 7:12:52 PM
Just remember: The world’s most successful investor, Warren Buffet, famously said “The stock market is a device for transferring money from the impatient to the patient”
I picked up EGY 2 years ago after researching the companyand doing my DD. I couldn't figure out why the stock wasn't higher (good management team, no debt, etc, etc). I knew it had to go higher eventually. I bought 1500 shares at $1.24 and I had to tell myself over and over.... the stats are good, the company is solid just be patient.. I just sold 1000 shares of it last month at around $8 (over 400% gain) It is back down now to around $6.70 I am still holding about 500 shares and am pretty sure if things keep going the way they are, it will hit $9 or $10 if not higher.
I did the same with NSSC..... I bought it at around $2 in 2014. I held it for 6 years and finally sold it around $22 (over 2000% profit). I should have waited until it hit $25 but I didn't want to be greedy and knew it wouldn't last but didn't know when the drop would start. BTW, it is still around $17, which would be a good profit..
Labradors time will come.....
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