Post by
Kipperly on Aug 09, 2022 8:37pm
Bought more today
if xbc, grn, anrg and others can turn their revenues into profits their stocks are going up, and I'll be there for the ride. I have a 4yr timeframe, and if they haven't made money for me by then I'll consider getting out of this game. Until then we just wait and see. Mgmt won't be keeping their jobs if they can't plan for profit. Drivers for me to stick with these companies are analysts opinion (they've been wrong so far but there is a case for xbc to recover), contracts (they are winning contracts, and part of the diligence to award a contract is the financial state of the supplier, and they seem to pass), many growth stocks are out of favor (but growth stocks will come back), and I think a lot of misery is already priced into these stocks (especially xbc). Will see, may drop more tomorrow and I'll of course I'll wish I'd waited to buy.
I have a strategy that may help others get through being in a hole with this stock. First, I tell myself I can't change the past. I did my diligence and thought xbc made sense. Its a growth stock, I new there was risk, but never thought it would drop this much (and of course I should have put a limit on my losses - tough lesson to learn as an amateur investor). But at the same time these low prices may be a great opportunity to recover if you can believe in the company and industry. I've made my mistake though, and have accepted that I will need to take on extra work and will work past the time I wanted to retire if this stock does not recover. I enjoy my job, but the goal is still to retire on time with an xbc winfall.
Too much bickering between you guys, it takes time to weed through it all to find the meaningful posts. Theres a few smart investors on here with useful comments. If you feel you need to bicker with someone else on this board how about just don't bother.
Comment by
Lupuslupus on Aug 10, 2022 8:49am
You been drinking while trading again?