FormerXBC Inc XEBEQ

RE:RE:RE:RE:RE:now THAT is a PR - Thank you Kurt and co!

[catchascatchcan]

Very fair comments, but I like to remind myself that successful investing involves a lot of luck either way.  If you've been in the market long enough, you'll know the humbling lessons that it can teach in a hurry.  You can plan, analyse, and value stocks to death prior to investing, but often times you'll find big wins with companies that you invest in out of a gut feel, or even boredom, or gambling instincts.  I put a lot of money (for me) to work in XBC, and at the time did it on some very high level indicators and trends that I though made sense.  And it grew to my top holding (for a time ;) ).  I have had similar successes in more cavalier investments as well, in fact a few have been in my top trades over 15 years.  Long way to say that you should never discount the amount of control we don't actually have as investors, and so to invest with a bit of heart over head isn't always a bad thing.  You don't have to love everything about a company or management team to invest real money.  After all, the market is just the worlds biggest casino.  We give ourselves too much credit for outsized wins, and take too little responsibility to outsized losses.  I always try to be eyes wide open and honest, but it's a lifeling learning pursuit.

savyinvestor333 wrote: Not sure that is a good strategy. If bad news comes out before the next good news and shares drop 10% do you sell and take a loss? If your not committed to a longer term you are setting yourself up to sell at a loss. Pretty hard to catch a stock that does not have down drafts occasionally and for no known reason.

catchascatchcan wrote: Savy, I think it's fair to buy into companies when you're on the bubble.  It's just a risk/reward proposition, plain and simple.  You don't have to be in love to invest, and can do so with a healthy level of skepticism.  Many will take an initial position, and wait for more evidence before bellying up.  Not uncommon.

savyinvestor333 wrote: Why would you even bother buying back in with that attitude?

ferret_ca wrote: finally a decent nr to provide a bit of a catalyst, and the sector is slowly coming back into favor. I reinitiated a position this morning , keeping it on a tight leash for now as I am still not a huge fan of mgmt, hopefully they can change my mind in time. 

cheers ferret