$ASAN might not be a popular opinion, but this could offer a great lesson in avoiding sunk cost fallacy and cutting losses. It’s a good company with good management, but the direct listing route is a tough one. Very little institutional support, no roadshow hype, and insiders who have waited years to cash in. Let it bottom and find real support before averaging down or starting a position. Could take months like Slack did after their direct listing.
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