I have a question about Stocks
As everyone knows, $Grab Holdings(GRAB)$spiked up to 40% last night, settling at 24% with a close of around $3.14 (at the bell).
I read the comments and I still saw comments like:
Its growth is short lived.
It's just a one hit wonder.
I'll wait for it to crash to $1.
It will stay a penny stock forever.
It hasn't even made any profit, why bother?
Now, objectively, these comments might be true. I am not a genius at stocks, nor even closely to being good. Let me be honest, I am still at an overall loss of $6000.
So here's my question:
Grab announced positive news yesterday, with a clear plan on how to grow. True, it hasn't broken even.
My question is:
When do you invest in a stock?
I remember learning from many gurus that we were supposed to invest on a stock's future growth and not its current state. Was I wrong? I mean, I saw a path of growth for Grab, even before the earnings report (which motivated me forward to proceed). Yet, there is still a negative vibe from it.
I understand why (for a stock which has dropped from $16), I think it's pretty normal for people to be skeptical. But it just got me to wonder whether Grab would eventually break out.
My other thought is that if you invest in a stock that has already grown (because its profits are so well established and everyone wants in (think $Tesla Motors(TSLA)$now)), is there really room for growth?
My Dream
I don't know if you guys are constantly realistic, but I'm more of a dreamer and I've always wanted to start investing in a start from the start of its growth (not when it's already at its peak) and "walk" with it throughout its growth. I kinda learnt this development of growth chart from Chicken Genius. Grab offers me that chance to put in some conviction with low risk. It doesn't matter what it grows into as long as it grows.
Those are my thoughts... What are yours? I'll be continuing on with DCA-ing Grab.
@TigerStars@CaptainTiger@MillionaireTiger
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what is your average buy in??
To throw a lump sum at an IPO or SPAC-ed share is not recommended.
Often experts hype up a soon to be for profit.