As is so often the case, everything is relative. For someone who had bought CNB, MEK or BC8 at the same time in mid-2021 - the result would be fairly neutral - CNB would even have an advantage. See chart 1.
For someone who bought 12 months ago, the world looks different, of course. See chart 2.
Ultimately, what counts on the stock market is not how often we are right or wrong. What is more important is how much profit our correct judgements brought and how much our misjudgements cost. Time in the market matters more than timing the market. The premature realisation of profits is often a common psychological trap. If you don't hold the shares on the way down, you usually won't hold them on the way up either.
Seen in this light, the development of MEK and BC8 could rather indicate where the journey for CNB could lead. It is difficult to understand why the euphoria in CNB has cooled down - but isn't it always the case that a phase of euphoria is followed by a period of sobering up - until the ‘original story’ picks up speed again?
Looking at chart 2, I would hardly sell CNB to buy one of the other 2 stories.
DYOR
CNB Price at posting:
34.5¢ Sentiment: Hold Disclosure: Held
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