A Week in the Life of THRMCame for the Zika Virus....stayed for the Covid! :D
Last Friday we opened at .36 and closed at .49
Monday we opened at .51 and closed at .87
Tuesday we opened at 1.04 (went to 1.05 briefly) and closed at .65 (Tuesday sucked!)
Wednesday closed at .66
Thursday closed at .57
As I type this we are sitting at .55
If you are a longterm believer in this stock then you are used to the ups and downs. Are we disappointed that it didn't level off much higher than we are currently trading? Without a doubt. I truly thought the last news would build a new base somewhere in the .70's.
A little perspective....if someone bought this stock last Thursday in the low .30's and didn't look at it until today and they saw .55 I bet they'd be pretty happy. They would have missed the roller coaster but they'd still be happy with a .20+ return.
My point? These Covid stocks are all volatile and it likely didn't need to go to $1.05. Had it held in the .70's we'd all be much happier. But we are still up and this is still a stock that I want to have in my portfolio. I truly believe we will get where we want to go but it isn't going to be the instant "pay off my mortgage" everyone is hoping for.
And I don't begrudge the people making money and taking profits. THRM is a great story and I am holding long but there are many others that I have bought then sold after it went up 20%. If I held another 6 months on some of them I could have made 50% or more but that wasn't the plan. Set your number and be happy.
"Don't make a permanent decision for your temporary emotion."