RE:RE:RE:RE:RE:RE:Pursuit of FollyHis reason for staying in a stock that he so clearly hates makes no sense at all. I've said it before: If an investment no longer meets your selection criteria, you sell and move on to greener pastures. Period. Full stop. None of these whiners are influencing management by trying to be armchair quarterbacks. And it's beyond annoying.
For me, this is one of a dozen holdings in a non-registered brokerage account that I manage on a self-directed basis (I have other holdings under professional management). My time horizon for my position in ARC is 3 - 5 years.
If you think I give a rat's A$$ what this thing does day to day or even month to month, you're dreaming in Technicolor. Why? Becasue I know it's going to be substantially higher by the end of the year and even more so at the end of 2022 and beyond.
The people who try to trade this like crypto are in the wrong investment and need to move on IMHO.
Cheers and GLTA ARC longs.
Grandcentral wrote: This is why you are not selling and choose to hold???
BS - that's not logical or reasonable at all.
I am buying beacause 3rd quarter earnings are going to be even better yet again. 4th quarter will be outstanding - and 2022 with new hedging, we will be at cruising altitude.
The Ex dividend is September 29th, and if the stock pulse cycle continues as it has, we will be at a new 52week high. $11 in less than two months is my projection.
These are my opinions, and why I continue to buy.
GLTA