FormerXBC Inc XEBEQ

RE:RE:My next steps, for those who are curious

[Winston1]

Good points. I do believe this will whipsaw back to to the 75-80 cent range within a week or two. Any stock that's been going down for almost a month straight will have a relief rally at some point, but yes, all predictions made for this stock by everyone here over the past 18 months have all been wrong. Nobody really knows anything, and that goes for analysts and "experts" too. Share price predictions are all just speculation. 

I like this one:

Q. How do you end up with $1 million investing in the stock market?


A. Start off by investing $5 million and then take stock picking advice from internet message boards. 

babedinkleman wrote:

Winston1 wrote: The question I get asked quite often is, "when are you selling your Xebec shares?". I'll finally answer that question for everyone. 

As you've all probably noticed I rarely post here anymore, and that's because I'm busy enjoying my life. There's so much more to life than message boards, and even investing. I enjoy travelling, spending time with my wife, kids, and friends, attending sporting events, dining out at new restaurants, and so on.  

Xebec is now the only speculative stock I own, but does take up a substantial weighting in my overall stock portfolio, at around 20%. The remaining 80% of my portfolio is in dividend paying blue chips. 

I plan on exiting my entire Xebec position in the $2-3 range, and will no longer invest in volatile microcap stocks in the future. My entire portfolio of equities in the future will consist of dividend paying blue chips. It will be an entirely "set it and forget it" portfolio. Why you ask? Because I have enough money to enjoy life, I don't need the stress of monitoring volatile stocks anymore for the hopes of an excess amount of money, it's just not worth it for me. It's a waste of time and energy. 

After I sell my shares I sincerely hope for the best for those remaining as Xebec shareholders and for the company, and truly hope it goes to $5, then $10, and higher in the coming years.

Good luck everyone!

First, I'll address your earlier comment about the stock returning to 75-80 cents within one to two weeks. Forgive me if I don't put much faith in that prediction but your track record on the rare occasions you have predicted the share price here isn't good.  Like not correct once. 
To suggest in what will likely be a rough market that this stock will gain 30 to 40% is wishful thinking imo.  This hasn't been a one or two day whipsaw.....it has been a drawn out 3 week down almost every day controlled descent.  Highly unlikely to bounce back that fast.  Possible of course but unlikely.  Guess we'll see in a couple of weeks.  When it doesn't happen I won't even bother to say I told ya so....
And yes we all know you live a busy and enjoyable life most people would dream of.... and don't monitor message boards.  You do somehow seem to post every time your name is mentioned within a hour or two though....it's almost spooky given you rarely check them ;-)
Your 20% weighting here is definitely scary given the size of your portfolio and that weighting must have been even higher a few weeks ago.  No guts no glory I suppose.  I'm not sure if you planning on exiting in the $2-3 range is realistic at this point but who knows.  Best to consider it a very long term hold if that is your target.
I do agree with the dividend logic though....although 'blue chip' dividend companies usually pay such low dividends you'd be as good putting the money into a GIC in the reasonable interest rate environment that we are entering.  Nothing wrong some small risk in dividend payers......they actually make it worth holding them.  
Also nothing wrong with a few speculative stocks added into the mix to make it interesting........you just don't keep putting good money after bad and letting them get to be 20+ percent of your portfolio.....especially with a portfolio your size.  Not really much stress if you don't let the sizing of your position get out of hand as you and some others have done here.  XBC must be the largest one stock position in your portfolio by a long shot.  Someone with the market experience you've described having has to know that's completely ridiculous and never should have reached that point.