Share
3,015 Posts.
lightbulb Created with Sketch. 1842
clock Created with Sketch. 29/03/23
07:10
Share
Originally posted by Dungiven:
↑
Yeah mate, afraid there's no shortcut to building your conviction in a stock, and ultimately it'll be that conviction which enables you to hold tight when things get choppy. Trying to hold a spec stock (even one destined for greatness, as this one may or may not be - we don't know) is very hard. The share price is volatile, there's no steady revenue to add ballast to the balance sheet if the wider economic circumstances become tense, and the market cap tends to have a little hope and expectation built into it (quite naturally, whilst it's pre-rev but bursting with potential). When you come to places like HC too, you'll have all sorts of dubious characters firing questionable information and personal thoughts around. You need to be able to handle that. The only thing you'll have to foster the requisite patience to hold through all the scary twists and turns is the conviction you've built up along the way.
Expand
That’s a great post and I am sure the poster asking the questions appreciates your reply. It would have certainly been tempting to say “How about you do the work instead of looking for a short cut from those that have.” But you resisted that and gave some really good “advice” around building up your own conviction.
(20min delay)