TSXV:NYX.DB - Post by User
Comment by
stocksnbondson Dec 01, 2016 8:28pm
301 Views
Post# 25543945
RE:RE:Tax loss harvesting
RE:RE:Tax loss harvestingAgree 100% with Meeky. This stock has the potential to really make great strides in the igaming space, hence, make shareholders quite rich. Unfortunately, they flubbed the last quarter in terms of the cost structure.
Personally, I'm concerned as they're still hiring. If you go to the NYX site, they're looking for candidates. I'm not opposed to hiring, just make sure it's balanced with redundancy on the other side. This stock is not a short term play. It's not even a medium term play as a medium term play would only get the price back to where most of our average cost is.
The tide may not have shifted as I don't feel there has yet been capitulation in the stock. This may yet come with tax loss selling. Then again, I could be wrong and the stock may just start it's uptrend once more. I still believe in this story. Probably more than ever with the OB takeover. Most big shareholders that sold need to wait 30 days before buying back in order to crystalize their loss. We'll see if the tide turns in December or January.
Bottom line is don't invest what you don't want to lose. This looks like it will go down further. There is no solid base at these levels as we're in unchartered territory. The price is below the IPO as well as all financing deals. Hoping that the bigger shareholders also see the big picture and get in once again. The story has not changed. IMO, execution has not been good the last quarter. It'll take some time to make large shareholders a believer once more.
Personally, I'm still in the stock and have not sold. Stupid of me but as I said, it's a long term play. I'm looking to keep this for years not months. Don't want to make price predictions but will say confidently that this stock will really help finance my retirement.
Good luck all,
sb