Post by
SNAKEYBOY on Jun 15, 2023 10:06am
Go to zero already
I wanna lose 30k and be rid of this junk
Comment by
SIGG1 on Jun 15, 2023 10:11am
I think they are trying to squeeze all retail investors out. This has been orchestred by the elites.
Comment by
flamingogold on Jun 15, 2023 11:30am
Time to quote Keynes famous line... "Markets can remain irrational longer than you can remain solvent". Emotion is the greatest killer of wealth. Most investors will become frustrated and eventually capitulate and sell at a loss before it "goes to zero". Only then does a stock find it's bottom and market sanity return unfortunately too late for many.
Comment by
Compypaul on Jun 15, 2023 1:17pm
A good reminder in these dark days. I'm also taking comfort from the fact that SRU.UN, which I see as almost bullet-proof (Walmart as a tenant, much less remote-work effect) is also hitting a 52-week low today. But I'm not quite comfortable enough to average down. Throwing good money after bad, and all that.
Comment by
flamingogold on Jun 15, 2023 1:50pm
When emotion gets thrown into the mix, it's impossible to nail a bottom so I buy in tranches. I currently have another bid in at $2.02 which I may or may not get. If I do, overall it would still amount to less than half of my total available allotment I am prepared to pick up. Things can get really scary and I do not believe we are there yet.
Comment by
colucci on Jun 15, 2023 2:09pm
this has more to do with the rate hike by the bank of canada last week and other future potential rate hikes. as long as the company is solid and you can stay solvent, these stocks and trusts will have massive long-term payoffs