Post by
robert41 on Dec 27, 2020 9:08pm
Buying or selling
How many investors found a great company called Microsoft doubled or tripled their money and went out and bought a new car. It turned out to be company that should never have been sold. Count Starbucks in that class as well but a different industry. There are dozens of examples. My point is if you beleive this is a great growth company in a new sector that has bright future why sell? Xbc seems to be a unique company in a growing space for decades. I was prudent and sold 5000 shares at $4.72. I bought some GS I im even on that one. I'm just saying this may become the new utility of the hydrogen renewable age. Could there be a divi in 5 years? I wish I had my 4.72 shares back. I think it will take a massive overall market correction for me to buy those back. There will be ups and downs but go try and find another xbc At two dollars that you think will be $7.50 plus this time next year. If you know of one I'm all ears.
Comment by
Zipolitemexico on Dec 28, 2020 10:58am
I knew many people that worked at Nortel. They were our work neighbours. One manager there had moved his whole pension into Nortel stock. He was up a couple of Mil at one time. His coworkers pleaded with him to diversify. He was near retirement. He didn't. He held those shares to the very end believing in a price recovery. Tough lesson.
Comment by
whognu1 on Dec 28, 2020 1:38pm
last one i promise: this fellow always comes up with some interesting info this arrived in my oinbox this morning https://realinvestmentadvice.com/shades-of-1999-as-market-mania-returns-in-2020/ good luck and happy new year xoxo
Comment by
sumpineh on Dec 28, 2020 10:43pm
Mine was a similar story.After my father had sold,I thought $68 seemed like a good deal.I rode it down to $4 then bought a bunch more and got a dead cat bounce to $8 and sold to lesson the loss a bit. This was the first stock I had ever bought.The lesson prompted me to start watching BNN and learn a little about the market.Luckily ,it was only a small percentage of my assets.
Comment by
tamaracktop on Dec 28, 2020 10:51pm
Never once in its history did Nortel report an annual profit. Not once. Ever
Comment by
tamaracktop on Dec 28, 2020 10:55pm
The irony and the tragedy of it was that Nortel was spun off from Bell Canada, Canada's penultimate "widows and orphans" stock. John Roth left when the leaving was good. He should have gone to jail.
Comment by
Ciao on Dec 28, 2020 10:52pm
Lots of warning signs for Nortel's demise. One reason to sell a stock is deteriorating fundamentals. You can read up on why it failed. XBCs fundamentals have improved significantly in the past few weeks but it hasn't been reflected in its share price.