Maybe you can understand that after that kind of loss a little frustration can make it's way. I don't blame anyone else but me.
Of course I hope that you are right and that I will not regret it even more to just keep holding on to the last few thousand dollars in my depot and not just be falling for the "sunk cost fallacy".
Thank you for your kind words - Came here for this. At this points there is nothing else I can do anyway... At least I got a little bit in the bank left so my existence is not threatened (and I am not forced to sell).
I really hope you are right and this company does not just vanish into bankrupcy ( I really am not experienced or knowledgable enough to understand the level of risk for that).
Yes I'm an idiot... played with the fire without even understanding enough of corporate finances. I just figured that oil was getting more expensinve each year and everyone was just claiming that the resource is getting sparce.
I guess everyone was wrong on this (or lied.... what do I know).
Thanks again, It makes it easier to see that at least one person on this board has some empathy and a heart in their chest instead of just mocking.... even if only by a very little margin as you can imagine ;)
It's true. My wife knows. No kids yet. I'm 34 so we probably will be fine since I'm in IT and that pays not bad. Still there doesn't go one day by on which I'm not contemplating jumping from a high building. If not for her, I would.
... How am I going to explain this to my future self who is living in a rent apartment until retiring impoverished and who had a real shot at owning a full paid for home before turning 40? ... A very big thank you to everyone on this board who advised NOT to sell when this was at $1.60 ("oh it has already a ludicrusly low valuation - you will be soooo sooooorry when it shoots up to $4). Thank you to every single one of you!
Taking financial advice from an internet message board was maybe not such a good idea.
I lost more than 120k dollars. That was 80% of my savings.
... because the are sofa king useless.
I don't believe a single word. Heard that song one tme too often. at $3. at $2. at $1 ... so why don't you just stick it?
Isn't it the case that a stock that is 30 consecutive days below $1 is getting delisted by NYSE?
What do you people think about that? Isn't this an actual risk now?
More or less true - I don't really understand how a drop of 54,87% (in the case of RIG) amounts to "far more suffering" than a drop of ~80% (if you bought at $5) with HERO.
Besides that - what is your point here? Just writing so the keyboard won't get dusty like seemingly everyone else on this board? ... with the fancy caption of "Some Perspective (sic)"?
Actually the only true thing in your post is that everyone in Oil is suffering and in pain. Thank you captain obvious!
Since I am already deep in the sh*t, I could as well learn something while waiting for better days (if they will ever come...)
I'm browsing the income statements, balance sheets, etc. of HERO (on Edgar/SEC) and on the last 10-K (on the "consolidated statement of operations", it is stated that they lost
2011: 58c per share
2012: 83c per share
2013: 43c per share
So basically they are losing money every year....
My question to the experts now is: ... do I read too little into these numbers (is there something more to it) or are they really as bad as I think they are? And why the fcuk did I pay $3.35 per share for a company that is losing $0.43 last year?
Tell me that there is some upside to any of this.
here is hoping that it will be back in the 3s in 2015
Well, for a leveraged fciking idoit like me, unfortunately the question is "how low"... before "when". I would not really care waiting it out until better times... but I'm asking myself if I can.
If this goes to under $ 0.90 I'm screwed.
Is HERO really in such a bad position right now? How much of this is short manipulation and how much of this is just prudent investors selling before it's too late?
I have no clue anymore. I am super scared that I will soon just sell because I can't take it anymore and this will be the same week when contracts get announced and everything turns around.
At this point I don't care anymore... the only question for me would be - if it is bought out - for how much. My break even would be $ 3.35
Here is hoping it goes above $2 and stays there... before shooting to $5-6 ;-) (I'm in again... could not resist, even lower than I got out... altough the transaction fees probably were higher than what I got out of this)
Thanks! Very interesting... back then I did not really pay attention to stocks. Should have just kept away :p