Why not?
To me, this particular holding isn't an investment, it's a bet. It took me a long time to learn the difference, but I've come to the conclusion that spec small caps are almost always a wager. That's not me having a dig at management - it's just that there are so many variables that one can never know which can sink a small cap in short order. Even with the best of intentions - and I do believe that management has the best of intentions in this instance - it's still a bet.
So I'm leaving my money on the table, and hoping that all of the good outweighs the bad and that I've put my chips on a winner.
But I'm under no illusion that that's definitely going to be the case. There is every chance that this will tank. It's a race between profitability and bankruptcy - red and black. I've bet on black.
Either way, I go into it with a healthy, well-diversified portfolio that only contains one single solitary bet.
I hope we all win.
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$15.35 |
Change
0.050(0.33%) |
Mkt cap ! $320.6M |
Open | High | Low | Value | Volume |
$15.10 | $15.35 | $15.02 | $44.92K | 2.967K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 28 | $15.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.47 | 634 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 28 | 15.020 |
1 | 15 | 15.010 |
3 | 727 | 15.000 |
1 | 1000 | 14.850 |
1 | 200 | 14.800 |
Price($) | Vol. | No. |
---|---|---|
15.470 | 634 | 1 |
15.480 | 33 | 1 |
15.570 | 779 | 1 |
15.580 | 34 | 1 |
15.940 | 554 | 1 |
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