Last March when Covid was crashing the market, our CEO was forced to sell down stock to meet a margin call. A move that I believe has been the main reason MWR/SPA's SP has not recovered along with other stocks and markets in general. I too was subjected to a margin call early March. I had the choice of selling MWR and smashing the share price down or selling one other stock. With that choice I decided to stick with MWR as I have been in long enough to see a penny dreadful specie gold miner transmogrified into Dick Tracey's watchmaker. Whereas the other stock I had only held for a few of years and it was starting to look like a directors life style company.
Now for the sad bit..... ....... The stock I sold hit new highs today, some 7 bags on what I sold in March. This equates to many hundreds of thousands of dollars difference in my current portfolio value, a life changing number for me!
Moral of this story is one of the oldest adages out there. "Don't become emotionally evolved with a stock"
SPA Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
