Post by
lifeisgood1010 on Jan 29, 2024 8:53pm
If i am right...2 to 3 bagger
Akita will be a 2 to 3 bagger.
But it will take months if not a year or so to do so.
Hi Torontojay,i like your reply.
Also being a SU owner i read your posts on SU.
You seem very knowledgeable.
I wish they were more poster like you on SU board.
This morning,your TSX VS S&P 500 was a very good one.
As you know, we can post 100 of write up on a stocks but i won't move the stocks by a single penny.
But for me being retired, i like to share my views and express what i believe being good investment ideas.
Here's my new sales pitch....LOL
I once read that less than 15% of investors make serious $$$ in the stock market.
I believe that it must be close to reality.
Most humain are not properly wired to make good investment decisions.
When a stock is cheap and low in valuation, investors think that something must be wrong
and stay away.Many times that is the case but not always.
A good exemple was during the 2020 covid period. Investors could have bought small e&p oil stocks for pennyon the $.
Many, many of these company have gone up 10 to 20 times since.
For those willing to do their homeworks and were seing value were others were seing risk, they made plenty.
The one that did plenty are the one who did not sell because their stocks had gained 10, 40, or
100%.The one that were properly wired (the 10 to 15%)made 10 to 20 baggers.
Once again, i will take my DRX example. I started buying at $1.68 in mid 2021 could have sold
for a 35% gain less than 15 weeks later.My wife was telling me to take my profits especially because it was a small cap and thinely traded stock.
Instead i have never sold and have added on a constant basis.Now, it is a huge position of mine
and i am siting on a huge profits and still not a seller because the stock is in my view still very cheap.One day, i will start to gradually reduce my position but that could be not before 2025 or latter.
To do multiple baggers we need time.It is not done in weeks or months.For the small e&p it took
50 to 75 weeks.
That is what i think will happen with Akita.The stock may languish for weeks to come.
But my conviction(i may be wrong) is that if i am patient enough, i will at least double if not triple
my investments.for Now it is anly a few % of my holdings so i can wait many many months
to see if i was right
Again ,it's always a pleasure reading your posts.
And as always, wishing you all the best with your investments
Thanks
P.S.I wish i was better in english to express my views.Being french,It is not always an easy task
to do these write up.