Indeed I got a nice little reminder of that myself recently I bought some IMU options on the lows a few months back, knew it was very undervalued really liked the play, but got bored/frustrated by the seemingly unending selling and constant games.
I didn't even need the money, but ended up illogically selling for break even after holding for months, now it's finally re-rated I would be sitting on a nice multi-bagger, if I just held on abit longer, definitely regretting my lack of patience right now.
Not making a gain in this kind of situation is actually much worse to me than a bad buy and even losing say 50%, cause if I make 200% on IMU it means I can essentially have 4 major losses for each 1 win and still break even, in this strategy it pays to hang on in the long run, as long as you really know what your doing.
Determined not going to let it happen here we have all seen the peer comparisons, calculated the NPV it's exceptional value at this level, I also just keep going back to that hartleys buying it's coming, even it takes another 6 months I simply don't care not selling!
APC Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
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