RE:RE:RE:RE:Are fund managers/institutional investors in Canada dumb?orlandofl wrote: Boulter wrote: PROtrading wrote: Yes! LOVE IT!!! LOL
I would not say they are dumb. They have a different incentive system than I do as an individual investor. I can sit in stock like BTE for years in a loss position without fear of being fired. They do not have this luxury. I can wait years for the truth to emerge, ever buying more shares at lower prices driving down the ACB, they have 3 months between sessions under the microscope. Boulter
unfortunately, I did exactly what you said, but about 50+ times, buying lower, lower, lower, lower, lower, lower, lower and lower and lower and lower - you get the idea - would love to see this and other stocks go higher
I hear you! I am at about 15 buys on BTE for an ACB of $4.92 IIRC. I bought more MX at $19, $17, and finally $8 back circa 2008 after watching it fall from $35. Today new all time high $87. OSB: First buy at around $100 circa 2005. Accumated heavily in $5 to $10 range circa 2009 2011. Got in the green by 2012 closing around $20. $53 today. Patience my friend. Our BTE story is but a mere 3 years old. The two examples above are stories written in decades. Our time will most likely come. It is early yet. Boulter