RE:RE:RE:RE:RE:RE:Discord / Reddit Just my opinion (I was actually going to make a similar comment before I happened to see this post):
Has anyone here shown patience? Has it been possible to? I don't think so...? I'm not saying no one here is patient or could be patient, I'm saying this companies' share price was like $1.25 or something this time 2 years ago. This is investing, not going to a casino where the odds are stacked against you MUCH more than with investing, and luck plays MUCH more of a role, but where you have higher odds of walking away the same day or night with a lot more money than you entered with (not that the odds are good, I just mean, if you are hoping to 5x your money, investing in stocks or going to a casino, your odds are better making that return in one night than with stocks - your odds of losing all your money are also substantially higher in the casino scenario).
2 years is a pin drop. I get that there is opportunity cost, but in this case, you don't even have to go back a year for Acuity's share price to be a multi-bagger lower. And it's a high growth stock... And I assume people got into it with the intention of it being a medium or long-term investment. So treat it like one. It's not like it's disgustingly overvalued right now, and bound to shoot up any day. And if you believe it is disgustingly undervalued right now, then it is worth the opportunity cost even more to wait; it doesn't present like a value trap, so inevitably it the share price will catch up to the fundamentals.
I just noticed (not only here, and def not from you) lately that it seems like retail investors on the internet have basically 0 patience at all. It doesn't make any sense, high valuation stocks and hyper growth of high growth stocks seem really popular with the retail crowd, and yet patience seems like: buy a stock, wait a few days, weeks, or a couple of months, if the share price is sideways or down, become emotional and upset, or sell and rotate it into something else and probably repeat. It doesn't make sense.
Waiting a few minutes, hours, days, weeks, or months isn't patience. I bought DBX when I felt it was a really undervalued tech stock, sort of a growth-value hybrid around $20 in summer 2020. It only took a year for a 50% return. I felt it had very low risk, and a superior to SP500 return within a few years. It did nothing for several months, then started to consistently climb until peaking very recently. That is a really quick rally and time for that much of my thesis to play out. That did not require an ounce of patience.
I think my Go Pro play on the otherhand will require some patience. Got myself some 2023 calls, and long shares. I'm ready to roll those leaps if more time is needed.