As a long-term holder (from 20c IPO) this neither concerns me nor surprises me. In fact, I expected this to happen at $1.00....then at $1.20....then at $1.50....etc. So it hit $2.00 then corrected back to $1.61 and still closed up for the day! I expected it to have a down day today anyway (as I do everyday after such a run) so really I don't get the panic. If you bought your first stack at close to $2.00 then yes, I get it, not a comfortable feeling. But for anyone that bought close to the IPO you have more than enough fat to work with to just close your eyes and be there for the long term. These correction are healthy. They shake out the weak hands, the momentum traders, and put stock into the strong hand, the long term players, who will not sell until they see much higher prices....which they hopefully get...be it in 2019, 2020 or 2021, I couldn't care less.
SPT Price at posting:
$1.61 Sentiment: Hold Disclosure: Held
