What Did You Buy Today?

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(03-02-2021, 12:12 AM)crimsonghost747 Wrote: I'm an idiot.

So, a couple of years ago I recommended that people buy Swedish Match (SWMA, Stockholm stock exchange) somewhere between I believe 300 and 350 SEK/share since it was finally cheap and they are almost always overvalued. Good company, market leader in a high growth industry (smokeless tobacco stuff = nicotine pouches, snuss, chewing tobacco etc)

But I didn't take my own advice. Like I said, I'm an idiot.

So now I finally initiated a position at slightly above 600/SEK share.
I think the share price is about right at the moment, so this is no longer a "I'm buying because it's too cheap" play but rather a "I'm buying because I think the company will keep doing well" play.

You can look at RLX, same space in chinese market. It can be a dud or a gold mine. ( Most chinese tobacco is controlled by CCP at this time and smoking is HIGE there).