FormerXBC Inc XEBEQ

Buying or selling

[robert41]

How many investors found a great company called Microsoft doubled or tripled their money and went out and bought a new car. It turned out to be company that should never have been sold. Count Starbucks in that class as well but a different industry. There are dozens of examples. My point is if you beleive this is a great growth company in a new sector that has bright future why sell?  Xbc seems to be a unique company in a growing space for decades. I was prudent and sold 5000 shares at $4.72. I bought some GS I im even on that one. I'm just saying this may become the new utility of the hydrogen renewable age. Could there be a divi in 5 years? I wish I had my 4.72 shares back. I think it will take a massive overall market correction for me to buy those back. There will be ups and downs but go try and find another xbc At two dollars that you think will be $7.50 plus this time next year. If you know of one I'm all ears.

[whognu1]

And in placing 50, 60, 80+ % of your assets into that great company (MSFT) in 2000 one would have waited 14 years to break even once again 14 years in a proven great company just to get your money back As TT knows all too well, few people are that patient My only point is every asset carries risk at all times let your winners run, yet trim them from time to time to keep portfolio

[robert41]

Msft has split 9 times since inception .....A $5,000 investment would have purchased 238 shares at the IPO price. After the splits, you would now own 68,544 shares. Those shares would be worth $10,592,104. That's a compound annual return of about 25% per year, or a cumulative return of nearly 211,000%...... this is quote from an article on google dated December 2019. So buy and hold has been

[Ciao]

This has been up to a 10-20 bagger for some of us so far. It's hard not to take profits, that's why it's hard for people to get 10, 20 baggers (let alone the elusiive 100 bagger). If you can ride out the sector rotation into Cleantech / ESG / De-carbonization (move away from traditional fossil fuels) with XBC you have a good chance of seeing this $1B company become a $2B company. 

[overnout]

It all depends on whether you bought a stock or a company. If you bought XBC the stock then a rising stock price might start to make you nervous about losing potential gains you see right in front of you. If you bought the company, then you're closely following the events, news, management execution, sales, partnerships, etc. That is called due diligence. There is nothing that would make you

[Wheels]

Great post!

[sumpineh]

Many years ago my father (RIP) bought 500 shares of Nortel for $4000. He held it for 11 years and through 4 two for one splits.He sold @ $103. after it had pulled back from $120 and bought a new Audi.Within weeks it was $68. on its way to extinction.My father was not an expert in trading but he was a good poker player and knew when to hold and when to fold.A true story of a 20 bagger which I hope

[Zipolitemexico]

I knew many people that worked at Nortel. They were our work neighbours. One manager there had moved his whole pension into Nortel stock. He was up a couple of Mil at one time. His coworkers pleaded with him to diversify. He was near retirement. He didn't. He held those shares to the very end believing in a price recovery. Tough lesson.

[whognu1]

2 points: there is a big (ok, huge) difference between A) putting 5 -10+ % of your portfolio into a 'relatively' unproven asset and awaiting the multi-bag performance to arrive AND B) putting 50+ % of your assets there to begin with second; all the talk of 2300% gains etc fails miserably in the basic understanding of 'survivor bias' in other words, very few people can

[ZouZS3]

Timing the market is extremely difficult to do because you need to be right twice. Its hard enough to figure out when you need to get out, and its often close to impossible to know when you need to get back in. Buy and hold approach for XBC is the best way to go. I gradually averaged up over time to get to 90% of my portfolio into this stock. The more I read the more I became confident. I think

[whognu1]

last one i promise: this fellow always comes up with some interesting info this arrived in my oinbox this morning https://realinvestmentadvice.com/shades-of-1999-as-market-mania-returns-in-2020/ good luck and happy new year xoxo

[GGreen]

Thank you for reminding us of Nortel - those with grey hair on this board will remember that this was a company / stock that was as BLUE CHIP as you could get on the TSX, steady growth (+ dividends if I'm not mistaken), held by many pension plans, large funds etc. Back some 20 years ago I spoke to someone who worked at Nortel and asked them if Nortel was a good buy at $60 after it had pulled

[sumpineh]

Mine was a similar story.After my father had sold,I thought $68 seemed like a good deal.I rode it down to $4 then bought a bunch more and got a dead cat bounce to $8 and sold to lesson the loss a bit. This was the first stock I had ever bought.The lesson prompted me to start watching BNN and learn a little about the market.Luckily ,it was only a small percentage of my assets.

[tamaracktop]

Never once in its history did Nortel report an annual profit. Not once. Ever

[tamaracktop]

The irony and the tragedy of it was that Nortel was spun off from Bell Canada, Canada's penultimate "widows and orphans" stock. John Roth left when the leaving was good. He should have gone to jail.

[Ciao]

Lots of warning signs for Nortel's demise. One reason to sell a stock is deteriorating fundamentals. You can read up on why it failed. XBCs  fundamentals have improved significantly in the past few weeks but it hasn't been reflected in its share price.

[kulewater]

There may very well come a day when some of us look back and wonder why we didnt buy more at these prices instead of preoccupoied ourselves with take profits.  I make my decisions based on an evaluation of the future not the past. Easy to say though, especially when a 20bagger is in the rear view mirror. Know what you own. The Canadian story of the decade is upon us.  Buckle up