Post by
Whateverrr on Apr 14, 2021 2:33pm
Here's the Math Itsjustme
March 2020 $100,000 buys 20,000 shares at $5 a share
Sell 20,000 shares at $20 to book $400,0000 during the summer/fall 2020
Use that to buy back at $10 a share early this year and you now have 40,000 shares
When VG stock hits $20 again those 40,000 shares are $800,000 for an 8 bagger 800% return. Meanwhile legacy " i have never sold my shares" holders from 2007 are breaking even by then.
FYI, I don't post to other boards because Stockhouse is not a meaningful or interesting place to exchange investment ideas. it is just a cheerleader board so I guess it is appropriate to be called a BullBoard. I own other stocks. I have been threatened in private messages by an amazing poster here saying they will follow me to new boards to disparage me and lie. Not worth my time. When someone challeneged my other investments about a year ago I told them Banyan was a good idea , it did great and my other was Allegiant Gold ( which i now sit on 400-500% return but may sell soon)
Comment by
EdwardBlake on Apr 15, 2021 11:41am
Hindsight is 20-20. In retrospect you can look at any stock and pick the buy and sells.I have been pretty lucky on my Victoria trades, but it was more dumb luck and bottom fishing than genius.