When I get behind and idea and obsess over it and buy it all the time, 9 out of 10 times I will be right about that stock and it will go higher. It happened with MVIS from $1.50 to $5. It happened with FTK from $1 to $19. It happened with YELP from $12 to $40. It happened with WNR from $12 to $35. And it’s happening to FRO right now.
There are a million reasons for me to be pissed right now, once of which is that I sold a million shares of FRO at an average cost of $2.20. Also, I knew GNK was set to trailblaze higher, yet I just sat here–like a troll–eating oatmeal and talking to losers on the telephone.
The next time I become obsessed, sort of like how I am now with IMMR, just hold the stock and revisit your position a year later. In order for me to fully maximize my potential, I will need to be cryogenically frozen or induced into a coma for 12 months. I’d do that, but I have kids and I love them to pieces. So, I guess this is my burden to carry, the proverbial cross on my shoulder heading up the hill (extra Jesus).
I will accept this cruel and unusual punishment and continue my work, even though said work does nothing but frustrate me.
Hey, don’t worry, I’ll be back here with new ideas that will go up 200-1,000% and not benefit from any of them.