Tactic: Invest at first profitable quarter. Case study: ETSYTactic: Invest at first profitable quarter and hold.
Case study: ETSY pre-covid chart. Post covid high of like $300 is too silly to show.
Note:
#1. Apr'15. IPO madness of $32 died down to $8 after about 6 months.
#2. Mar'16First profitable quarter at $8, then profitability backslid but that was the new price low. If buying and holding at point #2 until point #4, total gain of 775% in 3 years. Annualized 106%.
#3. Jun'17After 14 months until the next profitable quarter, price was $15 a gain of nearly 100%. Despite that increase, that would be the new low.
#4. Mar'19 price climbed to $70 with volatility.
MZ May 2023