RE:Admitting You Were WrongRegister123 wrote:
I think those who invested money into CXR shares (and perhaps "averaged down") as the share price went from $30 to $20 to $10 and lower had trouble admitting they were wrong and refused to take losses, which just led to bigger losses........
The fact that some are still insisting that CXR is a bargain at these prices when they have no idea what's next with this company given management's poor track record and questionable competence is bordering on delusional in my view......
Investing in CXR today appears to be purely speculative, and it can't be comforting to wake up every morning wondering If yet another shoe will drop and the stock will fall further (not sure how many shoes are left given the number that have dropped already)......
How is my post above not getting 5-Star reviews across the board...?...What are the aguments against it......?......Those who were long since the spring got is wrong....Those who averaged down at $20 and $10 just saw their losses get worse........Who thinks it's a brilliant move that shareholders hung on to this stock after the first warning signs of trouble started showing themselves (significant investors indicating their lack of confidence in Board members at the AGM by with-holding their votes, arguments outlining concern over excessive compensation being received by Mark Thompson, etc. etc.....).....?