r/valueinvesting
Somehow going against this sub's takes have always worked out for me
Author mocks the sub for being wrong on memory stocks, boasting 300% gains on Sandisk and citing Micron's earnings beat as proof.
- Memory sector momentum disproves bearish commodity cycle fears
- Micron's earnings beat validates upside potential in memory stocks
I was on software not long ago, mainly because of the people of this sub claiming undervalued, until I got tired of hearing it and switched to memory stocks.
While most of people here keep telling me memory is a commodity and that its gonna pop soon when I bought in Sandisk at 500 (it already ran a ton), I kept having faith, people told me now its gonna pop with the Micron earnings and their beatings prove otherwise. Currently im up around 300% and so far the people who told me that either have their accounts eliminated or inactive, I dont know what this sub is but clearly their current Value Investing method isnt working.
This taught me that just follow your own takes and if you do bad blame yourself, but never get influenced by other people specially on this sub. Y'all can downvote me all y'all want, it was just my personal experience.