RE:RE:How much did you lose exactly on this name?Thank you for writing and sharing your lessons learned. Yes this trade was a bad experience, but I think it helps to talk and write about it, vent your frustration, and share with others, knowing you are not the only one. I would print and tape it on my screen as a reminder before purchasing a stock because your message has very important underlying points that investors take for granted. Lastly, making a mistake is not pathetic and stupid. It is repeating the same mistake that is.
InsiderTrader wrote: Bobsterr wrote: My condolescences for everyone who lost money, time, and sweat on this. Just curious to know what you plan to do with your portfolio after this. From some of the messages I read, some of you may have lost six figures. My question also is what made you accumulate such a huge position in such a controversial stock without considering the potential losses? Because this seems to happen again and again, the message board is the same for Athabasta Oil, Posiden Concepts, AutoCanada, Avigilon, and that Canadian Nigeria energy company whose name I forgot.
lost $58000 and wiped out my gains for 2015 and I didn't consider paper losses real losses.. hopes of a buyout kept me in and I kept averaging down as new lows established and thought bottom was in... I didn't think I guess that was the point and certainly didn't want to think of losses, greed was more powerful than fear I guess ... didn't know the CEO or even look at the financials, only listened to the bulls as the shorts were just a manipulating gang who were paid to post ... just typing this I now realize how pathetic and stupid this sounds in hindsight ... What did I learn? I learned that if a stock has a high short interest in it, just to stay away from it .... Doesn't matter if they are right or wrong, I am just going to avoid it in the future.... regardless of how cheap it looks, it may be cheap for a reason.