$Grab(GRAB.US) trading as if Singapore is about to get invaded 😂😂😂😂
in all seriousness, yes it sucks to be stuck in something that isn’t moving and was just up 35% a few months ago, but it also begs the question about whyand I personally do not see the fundamental argument for why it deserves to be trading at these levels, at all. barclays came out this morning and once again reiterated $7. maybe there is some big earnings surprise and horrible guidance and the thesis changes, but outside of that I feel the shorts are in control and the price simply isn’t matching with the reality of the business.this isn’t that uncommon, it happens all the time and the harsh reality is it happened for the first 2 names that built my portfolio (PLTR and HOOD) for 2 years before those names actually moved. we all have been so conditioned to the quick 50% in a month that many times we forget investing really does take time and stories need the breath to play out. rocketlab had 3+ years of nothing before the incredible run we’ve seen in the past year. the question then becomes opportunity cost. my portfolio did 60% last year and if I had put the grab money somewhere else, it’d probably have been closer to 90%. i don’t know if this is when you quit on a name given nothing has changed — if something changes (like i felt with hims at 58) then im all for cutting bait. but nothing really has changed, price is just not reacting, and that is more of a game of patience versus anything else.institutions continue to acquire, profitability is inflecting, topline growth can accelerate to 30%, and the broader narrative of the position has not changed for me.i can’t focus on looking at it day to day because its like watching paint dry and have other more active parts of my portfolio but at this point I am trusting there is a broader opportunity that will manifest itself and i actually like that it is not as high beta because its something I know I can continue to DCA in cheaply. long shares + options, not sure whats happening but these are the dog days of waiting things out and will review after Q4 earnings 🫡Source: amit
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