Blindman28: First, lose the mindset of ‘I had this one!’. The longer you invest, the more you will repeat the just misses. It will happen again but eventually you will get lucky. Second, before that happens ask yourself why you bought and why you sold.
I personally looked at it and liked the idea even with the stinky revs mentioned compared to market cap and liked the semi fiscally responsible cost structure they’ve tried to maintain. However, I waited for the last Q to see if revs were accelerating and if margins were improving before deciding given how little revs they do and how big the market cap. When I saw GMs were relatively flattish (although 70%+ is strong, we are talking a lot less than a million rev run rate per Q) I decided not to jump.
Did you jump in because you thought it would be great at moving, say, Pfizer’s vaccine? Did Moderna’s vaccine success make you hesitate and sell? Did the last Q showing only $600k+ revs deter you too? The last 2 would have left me cautious.
Some got lucky with the timing of patent release along with U.K. approval of the drug and likelihood for quick transport (such as air) being more critical for Pfizer’s distribution to work well. Then you have the fluff daytraders all around juicing something with that small of a market cap.
Figure out what works and doesn’t work over time. Don’t leverage yourself while you’re still feeling like there is a learning curve and you remain relatively new IMO.
I sold Amazon in 1999 if that helps :p. I have many other big misses but that was certainly a big one. Back then it would have been pure luck to sit on it and I didn’t have the experiences I now have. As I look at it today, I still would sell it because it isn’t in my wheelhouse of what I feel comfortable with and have done well with over time so while I regret the potential outcome and what it could have meant in life (more time with family etc), it would have been nothing more than luck since it did not/does not fit my investment style.
At 30, you are doing well to start working on investing now and saving. 300% in one day on a company is nothing more than pure luck. Hopefully you didn’t lose on it and can consider it a win. But again, try to figure out why you buy and sell something and if that logic works over time or needs tweeking.
Good luck, the micro caps mentioned around here are usually a decent place to cut your teeth on figuring out what companies to look into (although I personally rarely get my best ideas from here anymore).
All IMO only.
PS- I’m still relatively new at this in my 50s (started around your starting age). It usually takes a fair amount of time unless you get super lucky or have good income you can plow into investing over time IMO. I’ve had neither for the most part but have done fairly well anyway over time.
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