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Correct. I bought 1000 shares in early Feb, and it's up over 82%. You cannot look at the prior price to make a purchase decision. You have to look at the fut
by q1w2 3y ago
Correct. I bought 1000 shares in early Feb, and it's up over 82%.
You cannot look at the prior price to make a purchase decision. You have to look at the future projected revenues per share, and apply an industry standard multiple.
If you hesitate to buy a stock you like because you feel annoyed that you didn't buy it for cheaper the day/week/month before, you will nerf yourself.
- kgwgk 3y agoNote that this was not a commentary on the convenience -or not- of buying the stock two months ago after it had more than doubled in a few months. It was intended to put the "stock hadn't spiked yet with the rise of ChatGPT and Stable Diffusion" quote into context.
- q1w2 3y agoEven in early Feb, it was up about 50% from 3 months prior.
- adam_arthur 3y agoSo what did your math of: “You have to look at the future projected revenues per share, and apply an industry standard multiple.” Work out to?