TJ, I like your post but calling Arvida a great upcoming company is stretching things a bit too far but thats a discussion for another thread, just saying.
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TJ, I like your post but calling Arvida a great upcoming company is stretching things a bit too far but thats a discussion for another thread, just saying.
Im finding it hard believe that you really think that Coutts--With all thats gone on in the past day.
Your the first to admit you have made a few mistakes along the way--You got lucky when you averaged down with Xro and got out by the skin of your teeth before it dropped back down,but have you really learned from your past decisions?
Its very hard to accept a loss (I commend Bobcat for his decision to change tactics)
If you wait to break even on this one you could be waiting a long time and miss other opportunities or perhaps protect what you still have(the share market is a dangerous place atm Imo,and a loss is a loss whichever way it comes)
Whether the share market in general is a place to be at this stage is up for debate,and maybe worth thinking about.
No one said this sort of thing was not dang frustrating but the signs are not looking good and you can always return if the tide turns--Its time to put at least part of the blame on management rather than other posters.IMO
PS-who cares if its Franco or balance(or Mac or Moosie by some other name.
Skid if someone has to keep changing names to post then you have to question their integrity IMO. If others want to sell for a loss that's their decision( Perhaps some didn't have much at stake anyway) I've often sold stocks for what I call Petty cash losses here and there ( I put any loss of a couple of K or so in that category) and moved elsewhere( I dont find that a tough decision) I'm not going to realise my 40k paper loss in Peb quite simply because I don't believe their is any need to and that the company will eventually do well.
I agree with you couta1, PEB will eventually do well, the question is always opportunity cost (of buying another share that might do even better).
Having considered opportunity cost (as someone else mentioned before) in PEB's case I think a 2-3 year 'turn around' time (in terms of a share price rise) is relatively short, and certainly possible. Would not surprise me to see at the end of 2017 a share price of $2, as I've said before, good things do take time.
Hi Couta, that may be, and PEB may well be a great company with a great product and financially viable. But.... as anything in finance, time is essential. If PEB do get the 100m sales even say in 2019 that may still mean a share price of 60 cents or even less. There may be a capital raising, further dilution, $100m sales may not be as profitable as ppl thought etc. In my opinion, there are other less risky, more potentially profitable (for shareholder) opportunities around. I believe that is exactly what the market has been saying the last few weeks/months with this stock. It would not surprise me in this environment to see further slippage.
http://www.odt.co.nz/news/business/3...g-meeting-told
After all the comments from the company about signing up U.S. National providers in 2013 providing access to tens of millions of clients, Company is still talking 'millions of potential tests opportunities' - no wonder the sp fell heavily yesterday. Market and experienced investors were expecting to hear about hundreds of thousands of tests sold by now.
No problem--I honestly didnt mean any defense by the post--I hope someday you do break even,but what was your paper loss a few weeks ago?---Are you sure you are going in the right direction?--Anyway best of luck---It may well bounce a bit from over reaction but I would give it some serious thought---This is not a term deposit that automatically collects interest as time goes on--There is a possibility it could (God forbid) come completely unstuck.---So far you have 40K telling you things have not gone well.