PROtrading wrote: Are you stupid or paid to mislead?
You own 5000 shares at about $30 a share so $150,000 of this company? Really??? I call BS on that! You are paid a dividend of 6.6% per year so $9,900 per year so $825 average per month.
Now what happens if in a few years that $150,000 investment goes down to 1/50 of that? You end up with shares worth $3000, you've lost $143K !!! And your $9,900 per year of divis? POOF!
And you think this is made up? NO! If the business model is broken and "funny business" with the books are exposed cause the stock to crater, it CAN happen. Look at a previous Cohode Special. All the longs and chart traders like myself were scratching their heads going "What the EIF!!!???"
You think there are divis on CXR that traded at $100 with a bunch of analyst with high target prices? Nope, gove forever, stock trades at less than $2 and will likely be delisted since it's not negative equity.
Disclaimer: I wish I could short this. I'm sad that this company is under attack because it provides a service to remote communities and is Canadian but the reason is under attack is likely because of market animals:
FSComeau wrote: I own 5,000 shares of this. IDGAF about the stock price. I'm paid $850+ per month just to hold. It pays for my electricity, insurance, taxes, cable, internet, water and even my f*cking groceries. Why do you guys care so much that it's down today? We know it's going up long term. So manipulators managed to manipulate it today. Okay, so what? Relax and stop panicking. Buy more if you can.