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Bullboard - Stock Discussion Forum AirBoss of America Corp T.BOS

Alternate Symbol(s):  ABSSF

Chemicals Basic Materials
AirBoss of America Corp. is a Canada-based company, which develops, manufactures, and markets rubber-based products. The Company serves its products to automotive, heavy commercial, construction and infrastructure, oil and gas, and defense sectors. The Company operates through three segments: AirBoss Defense Group, Rubber Solutions, and Engineered Products. Its AirBoss Defense Group segment... see more

TSX:BOS - Post Discussion

AirBoss of America Corp > I don't understand why I bought this waste
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Post by jonwest on Dec 31, 2020 2:00am

I don't understand why I bought this waste

I am a novice in stock trading, so I invested based on the analyst's rating. That is a big mistake!!
 
The generally accepted myth in stock trading is that the stock always moves in the opposite direction of the analysts' ratings. If they say you buy the stocks, you must sell. This is the case in this hopeless company. 
 
The analysts put 1.67 (0 is the highest, 5 is the lowest) and said strong buy when its price was 18.00. I bought it when it was 17.48. Now it goes down to 15.00 !!. It will fall to $9 or $7 within the next few days. 
 
I was crazy to listen to analysts' ratings. I will never do this again.
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