12 bagger in the making, is happening now.
Why do I love recessions? Because it creates the easiest scenario to find multi-bagger. The last recession let me buy some huge bargains.
The best of which was BIDU now approaching 12 bagger status.
Next is LL better known as Lumber Liquidators which is now approaching 11 bagger status.
Followed by CBS and TCK which are both approaching 7 bagger status.
The response by so many is usually so what that is the past? My response is well you still have to be patient enough to actually achieve these type of gains. Plenty of people know a good stock when they first see it but are they patient enough to hold long enough to achieve these type of gains.
A good example is last Fridays MU selloff. It shows a lot of people are not patient enough to achieve multi-bagger status. They sell well short of stock peaks, they feel good taking profit but leave massive future gains by doing so. Yes many made 50% to 100% gains on MU this year but that is barely a 1 bagger and they sold lol when they could easily make another 1 - 2 baggers based on their buy in price in just a few more months in 2014. I want to ask them if they seriously think they can find a large cap stock that will outperform MU in the next 6 months? I seriously doubt they will find one.
Before I sell a stock I always ask myself do I have one that will outperform the one I am selling? If the answer is no then I will stick with the current winner.
Like the old saying says don't fix it if its not broken.