WA1 chatter got me glancing at chart; I don't think I have ever held.
The broad question such a chart nags at us with is "why didn't I buy and hold this baby". The real questions are perhaps, is, "could I have bought and held it" and even more bluntly "should I have bought and held"? Enough waffle... to the charts:
So buying and holding would have been a very risky game. I had a quick look at a predefined trailing stop level of 2.5 x ATR which is favored in a lot of texts
MY CONCLUSION: This little study concludes again to me. Its very easy to BUY a share but deciding when to sell/ take profit is the hard bit!. And FWIW I would suggest there would be a tiny percentage of people who still hold shares in WA1 who took it in the float. I will even give my own perspective that they are just plain Lucky. There are a couple of hundred shares that might have the potential to do what it did many with a great "inside story",& "picking" this one would have been plain lucky.
(20min delay)