they seem to be on the cusp of announcing further partnerships with booking.com, the ceos speaking engagements have emphasised that they are doing well from domestic travel too. He did inspire some confidence.
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It's now back to the levels I sold out this year. I don't think I ever liked a company that much but haven't got a stake in it. I really do wish them well but at current levels I'd feel uncomfortable holding, especially a large parcel I held prior. I hope I do eat my hat and holders are rewarded richly. I of course try to find a way in again at some stage at the right price.
unfortunately I completely underestimated the hysterical response to COVID so rode it down to $1 and back up to $3 before deciding other companies would double my money quicker. So I sold most of my shares off (still hold a few thousand for nostalgia). I probably should have held a few more the way it is going. I’ll probably pick up some more along the way.
However, I can’t complain with the performance of IKE or some of my Aussie shares either.
The thing is...
The way I see it, owning a share in the company isn't about the now. Although Covid will have many a consequence, this 'moment in time' is only a distraction for retail shareholders. App development is the current focus. Although the posts have moved the goals have not changed. The potential is still exceptional. I dare say the future may now actually be closer...
I fully agree with what you say - and I have no doubt SKO is destined for greatness.
However, at the time of selling I figured (possibly incorrectly) that the posts had moved beyond my short term goals.
Who knew that SKO would bounce back so quickly on the back of a decimated travel industry.
The consolation being that I discovered AL3 which is another disruptor that has been on a rocket ride for the past 3 months :t_up:
Any idea why Serko is climbing so fast?
Thanks guys