TSX:CUS.DB.D - Post by User
Post by
Khersonon Apr 13, 2015 7:17am
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Post# 23622218
Blue, WTF are you thinking?
Blue, WTF are you thinking?On September 7, 2014 Blue posted the following, "I will look in the mirror and ask WTF are you thinking"...
On January 10, 2014 Blue's ACB was $4.75. On January 29, 2014 he increased his position by 20% by buying stock at $2.41 a share. Presently, his ACB must be around $4.36 a share. Overall, that would put his entire position underwater by about 63%!
Now lets take a closer look at what BlueCollar feels that Canexus's future will bring, as he has been pounding that concept lately.
If Blue were to double his position now, he says that his ACB would drop to ($2.97), but is he not kidding himself if he believes that Canexus's share price will double anytime soon? Therefore, Blue would still be underwater...
I feel that CUS upper end share price could be around $2 bucks, if they ever can get their shzt together, which I highly doubt. In order for Blue to buy now and get his ACB down to around ($2.00) he would in fact have to increase his current position by a factor of 5!
Kherson