With many people sitting on impressive gains, Getswift Ltd (ASX:GSW) certainly is a company that has captured investors' imaginations, and made some significant profits for some (including a couple of my colleagues). I'm very happy for those winners, who may be wondering if they should take some profits. Meanwhile, those who bought around $3 in the last couple of weeks, may be feeling a little uncomfortable, but are hoping that the stock will continue its voyage up and to the right.
Yesterday, my colleague shared this screenshot with the team:
Traders Investors might well be wondering why the price moved so much yesterday. While there are a number of possibilities, I can't help wondering if the reality is that the universe is trolling me.
You see, just the day prior I wrote this short missive on why the company had fallen 23% over a couple of weeks. Murphy's Law therefore dictates that the stock would pop the next day. Of course it would. I even said I would not be buying or holding the stock until I see some revenue growth!
Universe: 1
Claude: 0
Clearly, my penchant for revenues has seen me sitting on the sidelines. If you had bought Getswift shares around the time I published my article on Wednesday, and sold yesterday, you could have made 10% in a day. That's an annualised return of around 2,229,314,236,904%.
Now, if you can reliably trade stocks and make 10% a day, you should probably do that.
However, if you're keen for some buy-to-hold investments the stocks below may interest you…
