No qualifying author-owned investment thesis was confirmed in this post.
Figma is a private company and not a publicly traded stock; the author is discussing a non-existent ticker.
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Hi, looking for advice.
* I bought some figma shares at 38
* They dropped to about 21
* After hours they are up to 28 because of a good earnings call last night
I was planning to add more shares after Figma had completely bottomed out because I like and use their product, but now I am thinking about selling half of my shares because:
* I don't think the higher price will stick -- I think that what I heard in the call (good new user metrics; a nice new AI feature) will be drowned out in the "AI doom" narrative and we will go back down again in a few weeks
* So I am thinking about selling out, waiting, and buying back my position.
The alternative is of course to just stick things out and follow the original plan.
It is not big money or a huge part of my portfolio and I am wondering what you guys would do in this case (or are perhaps doing?).