TSXV:ART.H - Post by User
Post by
Maxmoeon Dec 04, 2020 10:57pm
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Post# 32043109
The tech stock gambit
The tech stock gambitThings I've learned over time
1) I can handle one, maybe two small cap tech names in my fun portfolio at a time. The rest is in oil,mining,and other more tangible things my pea brain can understand better
2) if I can only have one or two they better be 10 bagger plus potential unicorns that fart leprechauns or it's just not fun
3) it's often most profitable for me when it's the most speculative. Addressable markets, potential, concepts, patent pending are music to my ears. Sales,backlog ...... BORING! When you start anticipating next quarters earnings .... I want out of my fun money account and onto the next one. It's very similar to the life cycle of a mining play. Once the feasibility study is being worked on, it's time to pack up the drill rigs and go on to the next one.
4) whatever the whiz bang thingy or idea it is, they better be ahead of the pack, way ahead, so far ahead the big boys have to buy them. Otherwise they will steal it. Especially the Chinese.
5) it's very risky. 1 in 3 winners is success, so get used to cutting losses, or tax losses If it makes you feel better.
6) if everyone is trying to do the same thing as above ..... buy bank stocks ..... it's a bubble
so..I'm long art and not grn or gdnp. To me art is more like mitel or Microsoft of 40 years ago or apple or rim/blackberry of 20 years ago. They weren't "trendy" like green stocks of today or weed stocks of a couple years ago. I want ground breaking, not the herd.
good luck, you're gonna need it!
now, where's my holopod? I want some erotic titillation before I beam my virtual presence to the holodeck of the enterprise! Wooooo!