to buy or not to buy..., page-4

dogby,

Are you a genuine disgruntled holder or a scheming short seller? And is your 'Stock Held' position disclosure like AlphaTrader1 where by 'Stock Held' you mean you have a short position?

In one of your other post on the other thread you wrote the following

'I originally bought shares in this co from $1.20 all the way down. ... I've lost heaps on this company. Now I've given up, but what I hold isnt worth selling. It all may potentially go to zero - this is a real possibility.'

How could this make any sense?

Assuming say you hold 1000 shares at $1.20 then you've a paper loss of $1126. Would that fit the 'lost heaps' description?

If you're so convinced it will go to zero, then you can still sell your 1000 shares now for $74 and salvage $54 after brokerage. $54 is a very nice lunch. Why is it not worth selling since you're so convinced it will go to zero?

If you're paper loss is a lot more (i.e. you hold a lot) then there's a lot more left that can be salvaged. Why don't you salvage what you can and just move on?

There can be only two reasons why it's not worth selling:

1. You believe the company will turn around the share price will recover. And this is what I believe strongly.
2. You hold such a small parcel anyway that the proceed is less than the brokerage

As for me I am still buying.