Hey mate, saw something about a $16,000 loss - word of advice from someone who has been there done that.
I invested in the NCL IPO back in 2015, paid 20c a share.... didn't take any profits on the day of the IPO, thought I would long term hold. Over my 5 years of ownership, it dipped down to as low as 2c.
My friends were telling me about sunk cost fallacy, and the reality is I could've taken the loss and made smarter decisions and made the money back with other investments.
I decided to stick it out, but I had to hold it for over 5 years - recently it got up as high as 40c. I sold half my holding at 18c, and the other half at 39c. Made money over the 5 year period, however I would have made even more had I sold earlier and tried to adopt better investing strategies.
There is no right or wrong, you just have to be prepared to be patient.
$2 By Friday, page-261
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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No. | Vol. | Price($) |
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2 | 13793 | 0.265 |
8 | 168207 | 0.260 |
2 | 36069 | 0.255 |
10 | 408000 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 58925 | 3 |
0.295 | 116477 | 3 |
0.300 | 165436 | 8 |
0.305 | 35000 | 1 |
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