I feel sorry for anyone still in UBNT. I certainly have been telling people for probably six to nine months why I was getting out and staying out. If you are still in, there are better places for your money. - Saul
I’m very slow in responding to this, but it’s been in the back of my mind since reading it. I don’t mean to judge whether Saul was right for his decision to get out, he quite possibly did better wherever he put those funds. Either way, it was the right decision for him. What those statements made me wonder is whether I really should be sorry for still owning some UBNT or if I should have listened more at the time and made a different decision. Is there something to learn?
Well, I did some minimal research and found that Saul owned some UBNT on 3/28 in his end of the month report, but was out by 4/25 in the next report. I did not run across the discussion where he expressed his doubts about Pera’s attention to the company. I, of course, have no idea at what price Saul sold, but the price range over that period was $27.66 - $31.77. As I write this today, the price is just over $34, but it has been as high as $35.93. That makes the possible gain from the period when Saul got out to the high in the range of 13% - 29.8%, which seems like pretty decent gains. I’ve also noticed that UBNT was hardly phased by this recent market setback. I’m not sure what that might mean. In the end, I’m NOT sorry for holding, but I’m not sure if there was any lesson to really learn either. I did trim some in recent months, but still hold most. It is one that I can see trimming more or eliminating if/when I feel the condition is right.
Steve