Grab Journey: Q1 2023
I am writing this article prior to $Grab Holdings(GRAB)$
I remember then in early Jan 23, thinking that Grab would constantly remain over $3.50. Over the course of the quarter, I always thought that Grab was starting to get recognized, even though it had yet to achieve overall profitability and was still suffering a loss of around $300 million. Alas I was wrong, as the price nose dived to around $2.60-70 last month. Normally, I would buy more but I didn't have the heart to, especially with the worry that it would go down further to $2.13 like last year.
Thinking back, I have learnt not to stray to far from a stock's intrinsic value. In the first quarter, thinking that it would hit $4, I bought the shares from prices of $3.90, $3.85, $3.50, $3.45, all the way to $3.29. I stopped after the price continued to dive. I suffered a 4 figure loss and did not spend more after that. I realised that I had forgotten to be patient, having thought that as the company had moved its break-even target by a year, investors would jump on it. I remember vividly when it's finance officer sold his shares at $3.17 for "tax purposes". Prices tanked (who wouldn't sell if the Chief Financial Officer sells?). Frustration grew as I lost sight of why I thought Grab had a chance (read my previous article for that).
This week however, Grab has been on the rise, hitting a high of $3.40, the highest in this 2-3 months. While I'm glad I held on and I believe the price will rise further, I sold off some of my shares to reduce risk. This is to allow me some leeway to buy more shares to DCA to it's intrinsic value. The shares are currently at $3.31. I am ready for it to go either way. More importantly, I am learning to be a bit more patient, to wait for the right price.
I believe Grab will hit its target this year. However, I am now mindful that I need to buy it at the right price to fully take advantage of it's growth potential. I'll update you again at the end of this trip.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
对于我的第一个，当价格跌破3美元时，它关闭了。包括出售合同获得的金额，我获得这些单位的净价约为2.31美元，仍低于当时的价格。
我的第二份合同仍然是开放的，但如果它以高于合同价格的价格收盘，即脱离资金，我仍然会从做空合同中获得金额。
我认为这个策略对我很有效，因为我相信Grab的增长潜力和被市场低估的价值。我不是通过做空来实时增加我的头寸，而是试图从6个月后的股票价格中释放价值。
Great ariticle, would you like to share it?