I decided to take profits here. Snowlfake was bought as a speculation on the further recovery of Tech. The share does not fit into my investment strategy.
Like many in the sector, there is a lot of hype here. As I don't want to make the same mistakes as in 2021 and stay at the party too long only to go home with a hangover afterwards, I got out.
I can understand the broad outlines of the business model, but at this valuation the air is getting thin and therefore the scope for misjudgement is getting smaller.
Holding period <6 M
45% price gain