Yep, but most of my best investments all lost a ton of money immediately after I bought them— and then went on to do amazing in the years after. I’ve never had an edge on short term timing. My competitive advantage is holding through volatility.
The only real question I ask myself with new positions like $APPS is, as I get to know the company more, do I end up adding to the position. That’s what the short term is really all about.