TSX:SOT.DB - Post by User
Comment by
Northforce13on Jun 25, 2024 11:01pm
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Post# 36106282
RE:RE:RE:Surprised here
RE:RE:RE:Surprised hereGoing to sleep on it for sure.
I tend to buy heavily when no one wants something or there is there is panic selling ("blood in the streets"). This often blows up in my face, but when it does not I do well.
Panic situations I have purchased recently include Sberbank and Lukoy, just before the trading halt 3 years ago (Russian shares), which I still hold, and Polymetals, somewhat similar. Another situation which I still hold to this day is Realia properties, delisted, but still paying interest on the debentures, and planning to relist, while the underlying company is doing quite well.
I seem to be attracted to the risk/reward ratio in ugly appearing situations.
GLTA