Hindsight is 20/20. I have continued to add shares based on my conviction. Remember that commercial launch didn't really start until May/June and new account adds are accelerating with each passing quarter. As I mentioned in that post in late August, it will take most new accounts 6 months to get comfortable with Daxxify and get the positive feedback from patients 4 to 6 months after their initial treatment. This feedback is what will motivate injectors to place follow on orders. This is not a 6 to 12 month investment for me this is a 3 to 5 year play based on my expectations for significant Daxxify revenue growth between now and 2030. I expect the first significant follow on orders to kick in this coming quarter and gain traction in 2024/2025 which will allow management to give much more accurate guidance in the coming years.
Funny story, I bought Tesla at $2.50/share back in 2012 when I placed my deposit for one of the first Teslas ever made. That investment initially pulled back 30% to $1.80 or 30% loss for me before then taking off to $400/share. I do not sweat the initial 30% hit to my stock trade. But I am very upset with myself for selling out at $4/share within a year of my purchase. That sale cost me $9M in LT cap gains.
I promise I will not make that mistake this time around if we can get this stock moving back in the right direction.
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