Chart Update, page-4658

H @SmugLex, I have a lot of respect for you on the A2M forum. Your posts helped lots of holders ride through the turbulent times when SP experienced significant volatility. So please don't take what I said the wrong way. 

My point is for the 12 month horizon it's entirely plausible to achieve a higher return by trading than B&H. As of today, the 1-year return is about 15%. If someone picked the stock around $9 and sold at $13.50 that would be a 50% return. Excluding commissions and CGT a net 30% return is very achievable. And I'm sure quite some individuals would've done that. 

Again, entry point and horizon matter a lot. You've done supremely well with B&H from around $0.50. But for investors new to this stock, trading could be more profitable than holding for the 12 month horizon. 

Lastly, it's not impossible to achieve 2700% return in a few years by trading and I can name quite a few elite traders. e.g. Mark Minervini. You could argue about the rarity of such performance. But I could also ask two questions:  

1. In the universe of all stocks, what's the probability of finding stocks like A2M? 
2. Even if it is found, how many investors could endure all the volatility and still hold like you until it increases by more than 27 times? 

At the end of the day, it is all about probability.