GREY:NEVDQ - Post by User
Comment by
ZouZS3on Apr 04, 2022 10:24am
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Post# 34572847
RE:Jumping the NCU ship...for now
RE:Jumping the NCU ship...for nowmrmomo wrote:
Looks like the SS NCU has been shot up full of holes and is taking on some serious water, so i've lighten the load to make sure i don't sink.
After some deep reflection by absorbing the contents of that whole report, i've decided that the best course of action for me personally, was to more or less exit this investment, at this time. I can't speak for all of you, but for myself it was the "prudent" thing to do. So as of today, i will be unloading 2/3 (unloaded 1/3 Friday, another third today) of my position in this investment and will hold the remaining third just for fun & curiousity, to see if my suspicions are correct. I was about to write a long commentary on my reasoning why i took this action, but changed my mind, as i didn't see a valid enough reason for doing so. So if anyone is interested in knowing my thoughts, or just wants to get a different perspective aside from their own, just send me a PM and i will gladly give it.
The only thing left to say here & leave you with, is the following. This started off as a short term bet for me, with the STRONG possibility of transitioning to a long term investment, provided there were justifiable reasons with regards to the company showing the goods through results, transparency and execution. Unfortunately, there was massive failures on all three counts. For suffering long time holders in NCU, don't despair, as this doesn't mean it's the end for the company or for you. As i've stated in my last post, even though the company has it's share of problems, it could still have a bright future if they can overcome the numerous obstacles in their path. But for me personally, it's just an opportunity cost i can i'll afford to take or risk wanting to take. Therefore....
If you've followed my counsel from the start, you should still be in the money with this investment, even with last weeks drop and should and should still be in decent shape should it drop further. So what you decide to do from here is up to you. Wish you all the best of luck, with whatever you decide to do here. And you will definitely see me back here, if the company gives me a "good enough" reason to do so in the future.
GLTA
You just proved that you're a joke