Great call on FONR. I found out about it from you. I retired from investing very long ago but have been dabbling a bit lately, especially since I started helping advise an "Investment Club" at my kid's high school. I put 20% of the fund in FONR a month or so back -- which is the highest I would ever put in a single position, and have only done it twice in my life -- and I told them it was one of the best risk/rewards I have ever seen in 30 years of investing. You even called it yourself, "Free Money." Great find, even if it didn't work out for you, you were right on. Keep up the great work my friend, and the hilarity.
That is incredible. Congratulations! I invest with 5% position limits so I spend a lot of time thinking about position sizing. I do think this is a setup that justified a 20% position because the downside was pretty low, like MAXIMUM 15% if everything just totally fell apart in all but a 99.9%tile worst scenario. One thing that would have messed with my head more in the past is would I have had a position if I could take larger positions like 20%? Honestly I think the answer is yes but then it sounds like I’m making excuses and I hate that. I would rather embrace the style and performance I've developed with 5% position limits. For now.
I hear you. Easily done. I was pretty close to doing the same but the language on the earnings release kept me in. I even bought a little more. Should have gone for the jugular. Oh well.
Great call on FONR. I found out about it from you. I retired from investing very long ago but have been dabbling a bit lately, especially since I started helping advise an "Investment Club" at my kid's high school. I put 20% of the fund in FONR a month or so back -- which is the highest I would ever put in a single position, and have only done it twice in my life -- and I told them it was one of the best risk/rewards I have ever seen in 30 years of investing. You even called it yourself, "Free Money." Great find, even if it didn't work out for you, you were right on. Keep up the great work my friend, and the hilarity.
That is incredible. Congratulations! I invest with 5% position limits so I spend a lot of time thinking about position sizing. I do think this is a setup that justified a 20% position because the downside was pretty low, like MAXIMUM 15% if everything just totally fell apart in all but a 99.9%tile worst scenario. One thing that would have messed with my head more in the past is would I have had a position if I could take larger positions like 20%? Honestly I think the answer is yes but then it sounds like I’m making excuses and I hate that. I would rather embrace the style and performance I've developed with 5% position limits. For now.
Wow ! 20%. What made it one of the best risk rewards you have ever seen?
Thanks for sharing.
What made you sell FONR ?
I took a quick win to chase shinier objects, thinking I had more time
I hear you. Easily done. I was pretty close to doing the same but the language on the earnings release kept me in. I even bought a little more. Should have gone for the jugular. Oh well.
Have you looked at PRTH / YEXT ?