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Pure gamble! It may or may not work.
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@GordonGekko83 Was in early enough with Viking, know people in the industry :)
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@Raketentoni that's already an advantage! I've already been through several "gambles". In the end it was 50:50😆
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@Raketentoni Since when (entry price) have you been in?
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@GordonGekko83 was in from €1.20 to €2, then sold and later re-entered at €1.40 with 1000 shares
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@Raketentoni Top! Oh, then you've been on the value for a while. I thought you just went in today.
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@GordonGekko83 nope, I entered Viking at just under 20 euros and exited at 69 with 250 shares. All relatively small speculations
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@Raketentoni But even industry insiders could not possibly have foreseen that Viking would receive a takeover bid. Without that, it would still be a money-burning machine where no one knows whether the drug will ever appear or not.
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@Soprano That's true, but you hear rumors here and there. Everyone as they wish. I don't begrudge anyone their success 🙃
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@Raketentoni I don't begrudge you either, brother. I just wanted to talk about how you manage to put so much trust in these companies. That's perhaps a fundamental question that could be asked about small cap growth companies in general. I'd just like to be braver myself when it comes to that.
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@Soprano Of course I look into the company, the story behind it, etc. Don't think that all positions in something like this are green :) But sometimes you just have to have courage, open a small position to have a foot in it and then see. If you are afraid, then put in an SL :)