I sold Afterpay on its run up. Last chunk i sold at $50 and felt amazing having made 5x. That was at $50 and i missed out on it going to $150. If i thought it was expensive at $50, what was it at $100?
Talking about Bitcoin on this matter - people often look in retrospect and go "Wow if i'd bought 10 coins when it was $100 i'd be a millionaire now" but the truth is you'd have sold before it hit $1000 let alone $70k - the guys who made those millions did so because they believe in spite of all naysayers, and rationale, they held. That SAME rationale saw GME holders who bought at $20 go to $500, then back again.
Some companies run on to make absolute bank. Yes there will be a pullback one day, maybe tomorrow, maybe next week, but being able to time it such that you sell at a price we go back to within a few months without the investment thesis changing is like picking the right number at roulette.
I sold not because i expect to buy back cheaper, though i'd love to. I can live with missing out on profits, but I can't live with a GME-like outcome, though im doubtful that'll happen here.
As an aside, Oleg's 15m worth of ZEPOs if he hits $200m in revenue now worth $21.75m (he loses roughly half to taxes) and having sold 10.456,038 shares between 29 Feb and 5 Mar he missed out on $7.97m in value - so if you're sad about where you sold, you're in good company.
Doubt he's crying about it though.
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Last
$1.33 |
Change
0.090(7.29%) |
Mkt cap ! $1.155B |
Open | High | Low | Value | Volume |
$1.26 | $1.39 | $1.26 | $65.51M | 49.41M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12000 | $1.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.33 | 321150 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 1.310 |
2 | 11478 | 1.305 |
9 | 164713 | 1.300 |
5 | 107211 | 1.295 |
4 | 487043 | 1.290 |
Price($) | Vol. | No. |
---|---|---|
1.325 | 321150 | 3 |
1.330 | 93500 | 2 |
1.335 | 573135 | 5 |
1.340 | 92223 | 6 |
1.345 | 73129 | 6 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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