..aS delisting looms large.After ~$4K of loss, I think the curtains on this great show are finally drawing to a close. This is one of the very few stocks that I ended up holding to the bitter end and lost. I guess the bell has to toll for me every once in a while. My other such stocks currently on death row are ACAS and LYG. Still holding them. Anurag
Anurag - Well I guess I will outlast you on this one as I will continue to hold. I bought this one twice, 15 chares and then 20 shares for just under a thousand each time. I share with you on ACAS. Never heard of LYG. Can't figure out how it is not in my portfolio. I must have been buying GIGM when that one was talked up. It is good for me to keep my dogs where I can hear them bark at me. They are a good reminder to not go crazy no matter how good the story. I am quite proud of the AIB stituation. I could have easily bought 40 then 80 then 160 then ... all for $1000 each because there was certainly compelling reasons to do so. Nope is some perverse universe that I spend time in this one is counted as one of my success stories. Success that I had the discipline to climb in deeper. So I will keep it there so I can be reminded about things once in awhile.Dave
Dave,Why would you hold this if it is going to get delisted? Even without that I would have sold it as the govt ownership climbing up to 96% in next few months makes the game over here. Holding would make sense if there was any hope left. If there is let me know the rationale. I won't hold it for emotional reminders though.Stocks like AIB were part of my high risk basket in my 200+ stock portfolio. The risk basket returns were good (not phenomenal as I had hoped for). In my risk basket of a dozen financial stocks, I lost on 6 - New Century finance corp, Imdymac bancorp, AIB, ACAS, NBG and LYG. The other six - USB, EZPW, OXPS, AINV, SCHW, PRAA recovered furiously. I am not listing my insurance companies in this basket - only banks and certain financial services that I deemed risky at one point. One could say that stocks like OXPS and SCHW were never that risky. But at the bottom of the turmoil they plummetted too and interestingly at that time AIB and NBG were not deemed as risky as today. Now since one can only loose 100% (mostly 70% after tax losses and counting all divs) and the gains are limitless the basket has a good chance of become profitable and it did since all the other doubled to quadrupled. If ACAS, LYG and NBG recover the basket would do even better. I did make one mistake that somewhat stunted the results of my risk basket. I invested about 50% more than my target in AIB (~$2000). The reason being this was twice rec'ced with half a dozen BBN listing at GG. This was never considered to be a high risk holding in my portfolio. Anurag
Anurag - If it were in a taxable account I would sell it but being that it is is an IRA it is worth more as a stick in the eye rather than the $35 minus commission.Like you, when I bought both sets I did not buy them with the intent that they would be part of my risk profile. But that just goes to show you that though you put them in baskets, they can spill out from one to another.BTW - the word is "lose" not "loose" when you say something like one can only lose... Loose means not tight.Dave
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat