The Retail Mind
"I can get out of this mess with even 25% of my original investment Iwill consider myself lucky at this point"
- Rusty777
This is a perfect example of the classic "retail" mind at work. Looking to 'recover' what's been lost and not considering what can be gained going forward.
It chooses to view things in the "rear view mirror" and not peer out and see what could be around the corner.
Well since you want to quote Reinhard, how about this gem:
"If Kabba ends up being the 4 billion tonne monster that the 15 square kilometre footprint suggests, all things equal we calculate C$25.03 per share...
I suspect we could see a fairly quick recovery for Bell shares, initially back to levels last seen two years ago, once the right funds get a sniff of what us long-suffering and amazingly patient shareholders have been holding on for.
What would be typical, is current shareholders selling out as doubles become triples and quadruples - replaced by geologically and technically-savvy money that rushes in when discoveries first come to light - and taking the lions share of the upside.
The past is past. It should have little bearing on what to do going forward.
Perhaps a more rewarding approach to any investment is to wake up each morning and ask yourself one question: "Would I buy Bell today, knowing what I know now?
If that answer is affirmative, then don't sell...regardless on what you've been through.