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No. of Recommendations: 12
First, I don't think this news is anywhere close to deserving of the close to 20% beating the shares are taking this morning. This is just my personal 'gut feel' opinion, so take that for what it's worth - but is this news really mean that one in five dollars this firm will ever make on a discounted basis have suddenly vanished? I don't get it.

If CNS were't already one of my heavier individual stock positions I'd toy with the idea of adding some shares at this point - but considering its size in my portfolio I think 'standing pat' is the right thing to do.

But to keep it in perspective....

My personal basis in CNS is $12.18 per stub. As of the quoted price a couple of minutes ago, I'm upside down on this to the tune of 5%.

Hidden Gems, both because they are smaller cap stocks, and because of the attention that they get by virtue of being Hidden Gems, are going to be volatile. I knew this going in, expected a bumpy ride, planned for a bumpy ride, and decided I had the stomach for a bumpy ride before I bought my first shares.

If you'd have told me on the day I bought my shares (actually I bought in two lots, but that's beside the main point) that at some point in the future I'd be underwater by 5% I would have said, "Yup, you are probably right, but I don't know when that day is going to be, I don't try to time the market, and I'm going to buy anyway."

Just keeping it in perspective - I don't know what anyone else's basis is, what their goals with CNS were/are, or how much volatility anyone else expected or is willing to tolerate... but for me, nothing is other than I really expected it to be.

Sure, I hate seeing that loss when I log onto my online brokerage account. "I lost how much money, in one day?!"

But then I put it in perspective... I still don't like it... but I'll sleep just fine tonight.


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