RE:I Just Want To Say That I Lost Over 70% BlueJaysFan wrote: I am 27 years old and lost 70% of my portfolio in the hopes of an Apollo buyout. I believed Andrew McCreath when he spoke on BNN back in April when he talked about an Apollo buyout. That was almost half a year ago. Half a year of watching this stock go down for me. Half a year of reading on this bullboard that the buyout will be coming and the shorts will be squeezed. If I find out that McCreath was screwing around with investors while he wa dumping into a buyout hype I will make it my life mission to see that justice is served.
Hi - I was your age when I lost my shirt on a company called London International Group. They are now private having undergone restructuring. They manufactured condoms under the durex brand. It was the early 90s and HIV was going to afflict us all. I was convinced it was a home run as they manufactured my favourite brand of surgical gloves and the condoms were as good as any. Half of my portfolio was in this company before it restructured.
You are pissed - and rightly so. But how come Concordia was more than 3% of your portfolio? It was always a speculative bet. Core holdings in pharma should be companies like Novartis, GSK, JNJ or Merck not a speculative small cap Canadian roll up.
I learnt the hard way - have made every mistake in the book. The fact that you are interested in investing in your twenties bodes well for you! Good luck and cheers