Be Careful Who Gives You Advice Here
If you are looking at the recent price action and wondering whether of not to hold or sell or buy more, please don’t ask anyone on this forum for advice. Or at least read, but make your own choices without succumbing to the HODL-ing and diamond-hands pressure we see here a lot.
Many of the people here who are regular contributors, promoters, etc are in deep and they bought the stock when it was cheap. If one’s average price per share is under $2, they can tolerate a lot of negatives and they have time and the patience to wait and wait and wait and wait and wait because they see this stock in their portfolio and it’s green.
Now is the time for you to:
- Understand everything that needs to be done before they can start extracting rocks from the bottom of the ocean. THERE’S A LOT TO BE DONE, and much of it can go sideways.
- Be aware of timing. One year of cash on hand for capital is not a lot and for a new technology, one year is not a lot of time either.
- Ask meaningful and critical questions when you can and hold the CEO and CFO accountable. Cut the ‘overlord’ and fanboy/girl shit and treat them respectfully like the employees they are - your employees. You are the shareholder. Make them earn their living being accountable to YOU. That is one of the important aspects of a C-level’s job. Make the work for your respect.
- After you have had a chance to do 1-3, reevaluate your thesis. It’s okay to bail 100% or to try and get rid of your high-cost lots. Come up with a plan that fits your risk tolerance and your goals. Not mine and not the others in this group. Anyone who comes here asking “what should I do” needs to think twice hearing it from us.
- Analysis and DD in this forum: call out biases, take the text of what you read, plug it into your fav LLM and ask it to read it three different ways: Analyst, Expansionist, Detractor. Then ask it to summarize, compare and contrast all three. The Detractor should be calling out biases and creating a contra narrative, the expansionist should be telling you what needs to be done, and analyst should be telling whether it can be done. Ask for probabilities. Ask for companies in other sectors that have had to do the same things. How did they succeed and how did they fail. Then ask, how does it fit here.
That is a true Due Diligence. With these 5 points, you should have ample information to rationally decide what to do next. Furthermore, you will be able to gauge how emotionally entwined you have become with this stock and this idea, so that if the rational side says ’no,’ but you continue, you can stop hiding behind these elaborate walls of text that are just to make everyone feel better, or may contain real actionable data.
Either way, you did it right and you’re coming out ahead.
Gook luck.