RE:RE:RE:RE:RE:The BNC Hat Trick
Best thing in a down time is to go for a walk in the woods and enjoy the peace. If you are seeking to buy more then use it to accumulate. Any buys should be because you believe in the product/company, just because it does not go the way you would like, does that change that fact. Heck, I would love it if Bombardier were not behind in plane delivery, but have I sold any shares? Nope, I bought more. For BNC, I am happy with my shares and do not expect any new reason for share price appreciation right now, so time to just ignore the fluctuations.... approval will not occur prior to 2015 so either accumulate more or enjoy the fall leaves. Why stress? And if you focus on the negative then you will convince yourself to sell in downtimes. Many studies have shown that small investors do poorly because they sell in downturns! Or buy at the top. Reason over emotion.
And if you have lost confidence in a company/product after carefully doing an in depth analysis, then sell at an appropriate time. AND don't look back.... you will only feel bad about your decisions (I sold D & H in 2010 for about $11, purchased at about $15.... last time I looked about $30, Magellan same conceopt: bought $3 sold $1, later was $6)... not worth the mental stress to think about such things EXCEPT to learn from mistakes.
I cannot see anything happening here for a while except for fireworks at the AGM - too bad I will miss it, but I expect folks to provide commentary. If you currently sold you would have a capital loss of about $36,000 to be used only against a capital gain of max. $36,000. If you had such a gain, celebrate! Assuming you are in 40% tax bracket, the tax consequences for a $36,000 gain would be about $7,200, Enjoy the $28,800 in your pocket. Is it worth it to sell out now for the remaining $7200? Even if things bomb out here, you can sell in 2015 and apply tax loss to 2014 or 13 or 12 gains or any future gains.
Enjoy the weekend.