Life360
I read about this stock in the AFR saying it has been missed by the boat! That is, people who wanted profitable stocks have left it behind.
When I looked at its performance since inception, it has been rocketing upwards... until Covid 19 put a damper on its US progress. Even with an impediment, its app looks like it should be useful during the pandemic! Just look at its shareholders' report in ASX announcement.
Hence I tried to jump into the bandwagon, but the price kept running upwards. When I finally got it, it started coming down! Never mind, today, it has gone into positive territory again.
posted by Club Mulgoa @ 6:14 PM
3 Comments:
Almost suddenly over the last week, I am now 25% up. However, this stock is still well below its issuing price. And if the charts on its reports are to be believed, hampered recently by Covid 19, it is still a good buy using my logic principle.
After the frantic chase to acquire shares in it, and then to see it tumbling (a little) thereafter was a little disappointing. But maybe, my logic is right after all!
Bought more when it climbed 50%... and the third tranche then went up by another 5% over 4 trading days to$3.15. This is still below its issue price from last year!
To top up or not top up? I was brave enough 3 times to buy at near its peak. But I had been reluctant to buy more because it kept peaking! And today it is still rising. Maybe I should be brave again. It is now at $3.42.
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