I’ve had a long hard think. Am I worried OSP might drop to zero. No. Am I worried OSP might drop another 75%? No
But is that a possibility? Absolutely. Anything can happen in markets no matter how irrational they seem. Otherwise we would not have Bitcoin from 1c to 100k
BUT
I look around the ASX I see
1. Pro Medicus reaching 400x 8000m valuation and holding its value. 2. Pre revenue Lithium companies like LTR and PLS 2000x 5000m and 10000m valuation respectively 3. Terra Luna coin I don’t care how much people have lost 99.999% down, it’s STILL 3000m market cap due to artificially increasing the coin supply by 50 Trillion. In the words of Warren Buffett. It’s worth nothing in all time and a complete fraud! 4. NFTs are you serious Melanie Trump???
OSP is on 5m valuation. 5m!!!
On the same ASX exchange. At the same time. In the same country. In the same industry.
The Pro Medicus profit is only 30m. What’s 30m to Elon Musk?
I don’t care if there is a risk of 1x loss. If I don’t invest in this OSP, and esp with the benefit of hindsight, seeing the same countless examples of risk assets go from nothing to 5000m market cap or more.
I need to be able to look myself in the mirror and say no I am not making the same mistake again. I’m gonna not look at it and hold it like it’s my teddy
