RE:RE:RE:RE:I will consider this company has been bankruptFor crying out loud man! It is $15.76 now, which means you're only down 10% from your purchase price of $17.48.
This is a volatile stock. What do you expect from buying stocks? That they immediately go up after you buy on a sell off? Nobody can pick tops or bottoms. The best you can do is to buy good companies when they are on sale and wait for the eventual recovery. Don't friggin whine about them when they become an even bigger sale afterwards.
If you find a bigger sell-off somewhere else (FYI, some of the gold miners are good ones right now), then take the loss, jump ship and move on to improve your position. It better be a good company though, with a track record of shareholder value improvement and also pays a regular dividend. That's what I do, buy good companies when they're on sale, reap the recovery and collect the dividends while waiting. Easy peasy.
BTW, this company will never go bankrupt, unless consumer demand for tires and conveyor belts suddenly dries up. Those are their bread and butter products. At the very least, read the investor presentation (if you can't be bothered to study their financial reports) and see for yourself.
Karl.
jonwest wrote: There are many investment opportunities, but somehow this company has a good rating, and I was completely deceived by analysts.
Analysts again proved that they always choose the opposite direction, and the good high rating to recommend to buy is the indication that it's the time to sell all of them.
Investing in this stupid company, which only worth $7 per share, is like the worst decision I have ever made in my life.
I will hold the money for some period and will sell all of it as soon as possible.