Bombardier Inc. T.BBD.A

Sold half my position for a double

[flamingogold]

After 8 years I've decided to take some risk of the table and sell half my position. My overall gain is more than a double so I'm riding free shares now. My original goal of exiting at $200 is still on the radar. However, I am not prepared to risk a scenario of my entire position being sold down into the $50's or lower and waiting 4+ years to come back. My position is large and in my TFSA so a loss is permanent, something that almost materialzied during Covid. Bottom line, no one ever lost money taking a profit. That works for me.

[MyNameIsNobody]

Flamingo - Good for you amigo, hope you'll make many more investments that turn out to be as good as this one was fof you.

[flamingogold]

MyName, thank you. I've made some bad investment choices over the years and some good ones. BBD is the latter.   I am a contraian investor, not easy to live by. But, it paid off. I'm still in this big and hope that this selloff is the bottom. We don't know really what happens next week either. I think we're going to get whacked hard. Trump has all the wind in this sails

[Shamhorish]

good for you, i intended to do the same, but somehow i could not sell!! we will see how it will react on monday 20 /tuesday 21 and if the orange orangutan will impose 25% on every thing on day one some says he will not impose  tarif on oil, nor on electricity and some others...

[Nordico]

Congrats on doing exactly what the institutional shorts hope for when they attack a stock like this. Retail investor selling in capitulation at an absurdly low price.

[flamingogold]

Call it capitulation all you want, through 8 years I've held through Bellemare's lies, executive stock fraud allegations, a CSeries giveaway, a cash sucking transporation division, Covid, near bankruptcy and a reverse split. I probably missed some events too. But, despite all that I doubled my investment and that's a win in any book.   But hey I am still in this. So, I'

[johnney]

Congratulation Flamingogold! You took a vey good decision, by doing that! A profit is always better than a loss! GLTA, even if I'm not anymore in the stock since a while!

[BBDB859]

Hey Flamingo. Firstly congrats on selling half position. Hope you'll be able to buy back cheaper. That's the idea I think in your thinking. I think the shorting fear created with Tarrifs will make that a possibility for you to re-purchase your position. I still feel the same way now as I felt a couple of weeks ago on the stock. We've survived all the events that you were referring

[flamingogold]

859, I appreciate the thanks. It was not an easy decision. I don't think I'll be buying back my position not unless I get them in the low $40's and I don't think that will happen. That is where my share average was. I will, however, use the funds to purchase some dividend funds that will dish out around $1100/mth in income. These shares are all in my TFSA so it's free of any