This is why I believe that above all else, the mental model that is supreme in the markets and in life is risk-reward. Laurus offered no upside for good news because Dr Chava had blown the trumpet of billion dollar sales for months. The downside however on any disappointment was large. And if one has been in business or in the markets long enough, one would know that business disappointments can come at anytime, for unforeseen reasons. I had sold of most of my holdings over the past few months between 550-650 and continue to hold a small tracking position. Will add again when the risk-reward looks more favorable, which seems a few quarters away and at lower levels.
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