RE:RE:RE:RE:RE:Some classic responses...I popped in on this site on the one year anniversary after i finally threw up the white flag and sold my position last year at $29 . I took a 5 figure loss on this P@S. It was an expensive masters degree on investing.
Sifting through the ashes of this stock one year later I still do not understand how anybody can still be an investor in this company after all that has happened.
My lessons:
Never rely on someone elses research. Up to this stock and after, I did my own research. CXR was the exception and I paid dearly.
Spend the time and do you on DD. But the real stuff and spend money, not SH BB DD
Never invest in a poorly run company.
Never invest in management with a bad track record
Always challenge your investing thesis
Stick with companies reporting in GAAP
Never under estimate your opponent (the short sellers) and how much time they have spent. Shorts tend to do 20 to 30 times the research longs do
Never invest in a sector that is ripping off its customers with up coming head winds.
There are many mistakes I made as a CXR investor that I had not made prior and will not make after.
Thank you Lattice, Cohodes, and all others. I still can not figure why anyone thinks they can make their money back on this stock. Sell and look for something better. In mid november to early december I bought into uranium with a well research thesis and lots of research. You dont have to do what I did, just find something else