Do you park your money where it will eventually grow, or where it can grow now?
Great question.
Unfortunately I don’t know how to define eventually. Moreover I’m not even sure how to tell whether a price is likely to increase “now”. I adopt the posture that money will grow, perhaps ‘now’ ,if the company does. And since Snowflake is growing now holding it is the proper action.
But I sympathize with the dilemma. I bought and sold twice and then bought some more. I now have a major holding in SNOW with a price 3.5% above my average acquisition cost. I am holding because I believe that the potential for appreciation exceeds that of a number of other companies whose current price increases have been pretty impressive. Call it an informed guess. Or maybe a projection.
I am holding SNOW now because there is no way to predict when(nor if) its price will respond to its growth prospects. But I believe that that is what will happen. And not knowing when this might transpire, I think it makes sense to just wait it out quarter by quarter.
cheers
draj