TSX:SRV.UN - Post by User
Comment by
BlueJay2020on Sep 23, 2021 10:38am
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Post# 33904628
RE:RE:RE:RE:New high $11.82
RE:RE:RE:RE:New high $11.82Proving beyond doubt that flamingos have steel balls, not gold!
I had a similar experience with Shawcor. It had sunk to ridiculous levels, about a buck, and I opened a positon at pretty near the bottom and steadily bought as it rose. I got out at almost the right time because it popped and then dropped back significantly. I would much rather hold a restaurant stock than an oil services stock these days. But sometimes a stock is so egregiously mispriced that you really have to take advantage.
Like you, I am still holding Chorus because I think it falls somewhat into that category. I'll admit I pulled the trigger too early but I am confident it will all work out fine in the end.
flamingogold wrote: Out of curiosity, I revisited my SRV purchase history. I bought so many things at so many times last year during the worst of covid I lost count. To my surprise, my lowest purchase was $1.52.. almost the low! My last purchase was in January of this year for $3.25. It's turned out great, but it was far from that at the time lol. No pain, no gain.