RE:Many tend to have short "investment" timelines Why not simply do both? Stocks don't just go up and DM is a prime example. Why not sell when it gets up there and buy back in when it comes down? I don't even own this stock and it's obvious just sitting and holding is not the way to play it, unless you have zero trading ability.
Resilience19 wrote: When looking at DM's chart for the past year, 6 months, 3 months and 1 month, what we see are mostly a series of higher lows.
While some here say they are longs, they rapidly turn sour on pullbacks, leading me to think they're short-term traders, rather than longs, who'll sell at the first opportunity they are happy with meeting their return.
I don't have a problem with traders, as they play useful roles (i.e. help provide liquidity) but find it rather annoying to post themselves as longs, cheerleading the stock when it goes up but then turning on it the moment it goes down. A clinical equivalent would probably be some sort of bipolar disorder...
If you're long, it probably makes sense to hold a sizeable portion of your profolio in stocks you've conducted in-depth DD on, as this investment is based on conviction - not meaning it may not fail but at least based on stronger fundamentals than what traders work on.
If you're a trader, expecting short term return, you're probably better off diversifying in several stocks, in order to increase your chances of making some short term gains. Concentrating in too few stocks will only generate frustration, as you kick yourself day after day for not having diversified, as you see other stocks handsomely beating the horse(s) you've bet on.
I'm not happier than anyone else, when DM's sp goes negative - especially when positive results such as recent Q1s come out - but the waiting game is the nature of the beast. Reason why when there is lack of news or undue negative sentiment - as we're regularly seeing on boards such as this one - I simply prefer steppign back for a while and enjoy other activities until the sp continues it upwards movement, adding higher lows.
Patience my friends, get out (well earned after such long confinement) and enjoy the summer, while the nice days are here. If you're concern if needing access to short-term cash, simply sell a handful of you current DM position, with the knowledge the remainder will have gained 100% or 200% within 6 months (not unlike has happened since early 2021). At the end of the day, it will certainly beat the 0.1% your money will earn in a bank account, the TSX Index and just about any other stock you could have investing in during that same timeframe.
Cheers