RE:RE:RE:Watch out, valuation is getting stretchedSujanstockpicks wrote: Agree that BeWhere is a very exciting company in a very exciting upcoming industry, however that doesn't mean the stock price is always priced too low. I was just suggesting that the risk/reward at current levels might not be that attractive anymore, compared to what it was at 13 cents when I got in. I still own shares, but did take some chips off the table this week. I'm looking at Urthecast and Rewardstream for alternatives, which I think present better risk/reward opportunities. Risk/reward always leads how I approach investing.
I don't disagree. The stock isn't on the cheap side today. But I think we have different investement philosophies. My holding period is long (at least 2-3 years and ideally 5 years). I envision BeWhere becoming a quite large company one day. They could be the equivalent of Geotab in the asset tracking industry IMO. So I'd like to hold on and enjoy the ride.
In order for me to sell a position to buy a new one, I need to find one that is a multiple times better because it takes time to get to know a company and gain confidence in the management team & business prospects. Of course, I'd also be a seller if the stock become way too overvalued, but right now I feel the valuation is fair.