Ronbromleygross wrote:
Thanks Gabriel
These are the pending "Raging Bull" environments we see in advance and just file them into the "just a matter of time" category. Yup the hardest part of investing is watching your stock do nothing but move within a narrow range. How many leaves do we have left on this tree that the MM's are trying to shake loose for a last ditch effort to gobble up their shares? Not much imo. The shareholders invested today are probably the strong and smart hands here. Too bad for the shorters or MM's. Those strategies or efforts are quickly coming to an abrupt end soon. You can only screw with ones emotions for too long before you realize the weakest hands are gone and now you are left with the seasoned veterans or experienced investors who have done their homework and realize the share price is a joke.
The best opportunities to have profited on a doom and gloom scenario and the worst of the worst were probably 3.5 years ago. Sure you could have and many did trade this stock over the last 3.5 years ago up to now. Congrats to those who know how to trade a stock left for dead and probably on everyone's "stay away from list". I can't do it nor do I understand that process. Too late for me to figure it out at my age.
Now to the best part. The old rules of value investing and buying a dollar of assets at roughy .50 cents on the dollar are still here today with SNC. That is where us old farts who have suffered through 3.5 years will see our fruits come to fruition. How many of the young or inexperienced "traders" or MM's are going to make more money than the value investors going forward? That's right. My avg cost is about $25.40. I could have made a few hundred grand profits by selling out when it hit $40 plus. I held and stuck with the process even during those $17 lows.
The past is done and no need to dwell on it. What is SNC worth 1 year out? My guess is a whole lot more than todays under $26 price. Look at SNC's peers and focus on a company transformed to a purely engineering and nuclear with a 407 asset to boot. I challenge anyone to go out there and tell me todays $26 share price is realistic? If so then come to me with a comprehensive and University calibre thesis with full disclosure backup to justify why this stock is supposed to trade at current price or lower. If you can't respond beyond the 1 or 2 sentence historical "BS" that has been posted here about just the same "BS" rhetoric we have heard numerous times on an obvious share price performance or the market will price SNC where it believes it is worth then don't waste your time posting here. Your opinion is about as useful as used toilet paper.
Glad I added to my strong position right after the last ER. Had a feeling the market would tank the stock from the then around $29 price but I never figured it would hit my $25 limit price on my order. I placed my order I believe 1 day in advance of that ER. Assuming historical trends I went fishing and put a limit price within my already low avg price. I was shocked beyond belief that order got filled. Did the share price deserve to dive that low on that ER? No F'N way. The results were exactly in line with my thinking and analysis at this stage of the LSTK completion. This was a overblown and orchestrated takedown and my guess shook out or triggered a lot of stop losses. Thank you folks for giving me another opportunity to add to my position at my golden rule of not buying higher than my avg price. $25 limit was even better than my avg.
So what's next for me! Nothing. I will wait this out for another year as I have disclosed. Will I buy more today? I got the dream of adding at $25 limit recently. I accomplished my mission. It would have to drop significantly from here for me to add more otherwise it doesn't major sense for me. I doubt it drops heavily from here. If it does then yeah I will buy more. The discounted value on my avg price makes more sense to add. Those who have a higher avg price then these are good prices to nibble away at but use "limit prices" to protect yourselves and not let the market control you.
Be smart and I strongly believe you will prosper. Be stupid and the MM's will take you to the cleaners. This is an easy one folks. With markets so choppy these days, stick with value stocks with good tailwinds. Stay away from overpriced stocks or sectors do for a major pullback. Do your own research and act accordingly.
Ron