1Settimana
Annoying development. What now?
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1Settimana
@Vuu Another hefty penalty: 11 Bit is considering scrapping 1 project worth PLN 50 million. That is about 8% of the market capitalization. The share then drops -35% and destroys a market cap of PLN 250 million.
But for me this is irrelevant. I believe that the next quarterly figures will exceed expectations and will stick with the stock until the summer, regardless of what the share price does until then. I may buy again in December and increase the position by +33%. As I said, you have to wait for the figures and can deduce relatively little from the "news" until then.
In the summer I will then re-evaluate on the basis of the Q2 figures whether I should close the position or whether I was right about the undervaluation and let the share compounden in the long term.
But for me this is irrelevant. I believe that the next quarterly figures will exceed expectations and will stick with the stock until the summer, regardless of what the share price does until then. I may buy again in December and increase the position by +33%. As I said, you have to wait for the figures and can deduce relatively little from the "news" until then.
In the summer I will then re-evaluate on the basis of the Q2 figures whether I should close the position or whether I was right about the undervaluation and let the share compounden in the long term.
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