people are chasing the companies that are growing fast, and discarding the ones that aren't growing. This is quite normal in a bull market. Hub looked relatively expensive at $10, and so is even more relatively expensive at $20. Even with its fast growth rate, its level of profitability is not like a Magellan, so I can't justify holding it. The downside risk is simply massive if there is a hiccup along the way, or a new star emerges. Whereas XPL, which also struggles with profitability, and is barely growing, is priced at a fraction. I can see XPL going from $20m mc to $60m mc but for hub to go from $1.2 bn mc to $2bn it would really need to be able to grow from $17bn to say $100 bn of FUA to justify it.
XPL has been my worst performer, but I keep it because at this price its not promising anything.
XPL Price at posting:
6.9¢ Sentiment: Hold Disclosure: Held
