Skips69 Journal
- Thread starter skips69
- Start date
Okay, so maybe not 10 years. Bought another 763 shares on 2/24 @ .68 and sold yesterday at 1.91. 
Gotta love the fact that this one made up for all of my losses last year!
Gotta love the fact that this one made up for all of my losses last year!
Quote from skips69:
Unfortunately, I bought into KV.A and held it just long enough to see one of the biggest drops that I have ever seen on an equity (80%). Buy and hold was not the strategy for this one. Fortunately it was a speculative position with a minimal investment lost.
Nevertheless, I lost big time on this one! So now I sit with an equity that's trading for less than it's intrinsic value.
From the balance sheet, I see an intrinsic value of nearly 9.37 per share; (Total Assets - Liability) / shares outstanding.
Here nor there, I'm too stubborn to sell it now. Maybe it's a good investment for my son's first car (which I won't need for about 10+ years)
Today is Tuesday (evening):
1. CLDX has been good on short side for the last three days. How are you making money if you are long?
2. CHTP: now at 2.90. I hope it will hold there till tomorrow morning. I would short it, and look for profits at around 2.78 (or even lower if it weakens).
3. SQNM: similart to CLDX (point 1).
CONCLUSION: You are holding garbage, and you are losing money.
1. CLDX has been good on short side for the last three days. How are you making money if you are long?
2. CHTP: now at 2.90. I hope it will hold there till tomorrow morning. I would short it, and look for profits at around 2.78 (or even lower if it weakens).
3. SQNM: similart to CLDX (point 1).
CONCLUSION: You are holding garbage, and you are losing money.