I Called SpaceX's IPO Pullback Correctly. I Still Missed It. Here's the Lesson.
While my prediction came true, I still missed out.
Overview
Being correct about a stock isn't the same thing as cashing in on that thesis. I just learned that the hard way with SpaceX (NASDAQ:SPCX). I refused to buy into its pre-IPO hype, which led me to predict back in June that SpaceX would eventually drop below its IPO price of $135 per share. I nailed that prediction, as SpaceX stock fell to a low of $104.83 per share shortly after it went public. Unfortunately for me, I didn't buy any shares after they dropped. I missed out, as SpaceX has since recovered, recently topping $143 per share and surpassing its IPO price.
Here's the lesson I learned about the costly gap between being right and acting, and how I plan to change my strategy when Anthropic goes public.
Image source: The Motley Fool.
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Originally published at www.fool.com.