FormerXBC Inc XEBEQ

I wonder how many others here have a riches to rags story?

[RichesToRagz]

Surely I'm not the only one here who had their fortune disappear in the last year. Feel free to share your riches to rags story.

With Xebec going from an intraday high of $11.55 down to an intraday low of $1.68 within a year, down over 85%, there must be a lot of others here whose capital has been destroyed.

[futuregains]

Me too. But, I blame myself in holding on when it got to $12. Hard to sell when you think there might be more to come. This also happened with other small cap growth stocks I own. Unfortunately, this is how it goes sometimes. Risk/reward is way higher with these types of stocks compared to Blue Chip favourites. Not to say Blue Chips are without their issues. Overall though they are less

[tony08]

Correct me if i'm wrong, but from what i read from your earlier post, i think you do not have any other source of revenue and that you're force to sell at big lost. That's probably the big difference between you and most of the other investors here. For my self i had $300K in my small cap portfolio....It melted into only $89K of value.....But i did'nt loose anything because i did&

[tony08]

That been said i sincerely wish you best of luck to recover your money..

[RichesToRagz]

That's correct Tony. For my portfolio's survival, it's a race against time. The longer this bear market lasts the worse position I'll be in since I have no other streams of income, so have to sell my growth stocks at a deep loss on a monthly basis, which is a quick route to bankruptcy. I only take out enough to pay my bills, food etc, no luxuries. I sold my expensive cars, no

[tamaracktop]

I've got one that would blow you away, and I'm not talking about just Xebec. It was years ago and self-induced. I didn't particularly enjoy riches. I hate snobbery, and I was never quite sure who my real friends were. Nothing worse than being at a conference at Deerhurst during a long-running bull market with 400 brokers who all think their sh*t doesn't stink. Some posters here