| | | GRVY. Yes, as I've said, I've held it two years, did not make a profit, and as I sold after two years.
I use Graham's suggestion for value stocks: Sell after two years if stock doesn't work out.
Ok, could be said that GRVY is growth stock, growing internally, value being created, just not seen reflected in stock price. Therefore using Graham's suggested holding period for a growth stock here is incorrect here.
Back otoh, as I say, I like to estimate how long I might hold a stock beforehand, assuming the business/stock will work out as hoped for. (no unexpected giant good news or terrible adverse news to force a reconsideration).
GRVY, already a strange animal when I looked at it. Stock should already have been higher. Complexity for me in that I know little about Korean stocks/financial reporting, the parent company, or the potential of the games. My idea was to buy some, hold for two years, If in that time the stock did start to show gains based on the good sales/earnings, I'd add more. But it was two years of some volatility but no real stock gain from my buy in, so I gave up and moved on. |
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