Yes, the legendary value investor who likes to buy boring business like Coca Cola and P&G are now moving to the fast spaced cloud technology and even Snowflake IPO
Perhaps, he is aware times have changed and he needs to be more tech-centric towards selecting his stocks.
Well, beside for a quick punt, I am very unlikely or motivated to dabble in IPO stocks as mentioned in several of my posts. It is not the few hundred % wins that I am not drawn to. It is the quick gain that will whack my psychology upside down, driving my greed zone to the maximum.
The mind will be saying; "Wow, so easy to make money within a day.........just buy and at least 50-100% gain within a day, roll over a few IPOs , that is good enough!"
That is also how many got themselves stuck when they had their first puff at smoking. Just one stick won't kill me. But it catches on........and before you know it, you are down at the convenience store buying a pack for yourself ,smoking away and looking cool like the Marlboro man........
So long as you have a clear strategy, employ proper risk management , I suppose an occasional quick punt is fine. Just know when to pull back......
Perhaps, he is aware times have changed and he needs to be more tech-centric towards selecting his stocks.
Well, beside for a quick punt, I am very unlikely or motivated to dabble in IPO stocks as mentioned in several of my posts. It is not the few hundred % wins that I am not drawn to. It is the quick gain that will whack my psychology upside down, driving my greed zone to the maximum.
The mind will be saying; "Wow, so easy to make money within a day.........just buy and at least 50-100% gain within a day, roll over a few IPOs , that is good enough!"
That is also how many got themselves stuck when they had their first puff at smoking. Just one stick won't kill me. But it catches on........and before you know it, you are down at the convenience store buying a pack for yourself ,smoking away and looking cool like the Marlboro man........
So long as you have a clear strategy, employ proper risk management , I suppose an occasional quick punt is fine. Just know when to pull back......
Comment:
both gaps have been closed.
Comment:
we can see the bullish engulfing candles after the gaps were closed.