yes, and I do that with all stocks I like that I don't pick the exact bottom in. I continue to buy them on every -5% move thereafter. I have an infinite source of capital. A money tree in my back garden.
ASM at $1.52 rather than $11.52? Yes please. I will be actually be buying more if it continues to come down where my portfolio allows. Picking the exact bottom is near impossible. I sold a lot more ASM a long time ago a lot higher, so happy to buy more. But lets stick to the business valuation arguments. Do you think you will be buying ASM at $1.52 after it "starts demonstrating actual sales" (it already did by the way in September, so I will presume you mean substantial sales). You get stocks and most financial assets trade on forward expectations on risk adjusted probabilities right?
I'd rather pay $1.50 on sales I strongly suspect are in the pipeline already, rather than $3.00 on those sales actually confirmed.
ASM was stupidly priced at $11.52. Its similarly a bit silly at $1.52.
ASM Price at posting:
$1.52 Sentiment: Buy Disclosure: Held
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