Plenty of us to keep you company. Cheer up though, spring and summer are practically here and the sun will be shining. Section off the part of your portfolio that has TC stock in it and put up a sign that reads "Here be dragons" and don't go there to look at it.
Gold at $1206 this morning, and copper back up to $2.82.
Well out of the danger zone for TC as they can make good money on those prices.
Light is also happy that his Claude stock broke $0.50 yesterday! It may yet catch up with TC.
Thanks for what? NADL is almost at a 52 week low. You want to join me in my misery there? (only have 3k of NADL but have 2k of SDRL)
We owe $550 more for some 3.8% "investment tax" thing from Obamacare. Also owed 0.9% more for medicare tax for the same thing.
Did they care that I lost $12,000 in TC last year? No.
Sorry Do, my dad sold life insurance for 35 years. He knows nothing about stocks, although he did buy 5000 shares of Coca Cola in the early 1980s without telling my mom. She made him sell them right away...then Coke proceeded to split about ten times since then...those shares would be worth millions today.
Oh, well I didn't mean to imply that 81 = bad health. I guess I should have said my dad has been through a lot (was in the hospital for many months in his 50s and had 17 surgeries). He still plays golf twice a week at 81 so for all I know he could hit 100+.
Dragon, first, sorry for all of your losses. My dad is 81 and in so so health so I am always prepared for the dreaded phone call.
Oil stocks also caught me with my pants down....I was holding 1000 shares of Seadrill purchased at the "bargain" price of $21 and added 1000 more at $16. It is now sub $10.
I honestly think we made way too much fun of Fify, sad to say. I thought there was no way oil could drop much below $70 or $80 and Seadrill was a steal at $21 and a no brainer at $16.
Now I fear the same thing will happen to TC. Copper is in the mid $2's. What if it falls to the low $2's or high $1's? Everyone is now going to chime in that that can never happen, the cost to produce is too high....but look at oil! Companies get desperate to pay the next bill and continue to produce even when costs are higher. We saw this with moly....TC kept trying to make Endako work even when they were selling $12-$13 moly for $10.
Eventually the cycle corrects but I fear we may end up seeing Fify a lot more correct than we ever thought possible.
I am at 17k shares, with a hand on 7k that I plan to unload on a pop. I really should dump it all just like I did my FCX but I have been in the stock too long to abandon it. Hoping for a miracle here.
I didn't sell. Got distracted by a shiny object (new Ham radio came in the mail) and by the time I checked back, TC had dropped down to $1.25.
Don't worry super, they can always raise money with another stock issue. Figure selling 200 million shares at $0.50 each and setting aside $10,000,000 or so for management bonus....should be no problem.
Almost done with this bottle of Tums.
Yes, now I am looking at the 7k shares I rebought at $1.20 and thinking...hmmm, that is worth $500 more now...I could buy a decent amount of beer for that.
I didn't get that he was selling his whole position.
I keep 3,000 shares at all times, but I sold 3000 I bought at $5.20 recently at $6.40, then rebought at $6.04 and sold again at $6.34. I expect to rebuy them again at $6 or below, but if not, I always have the 3,000 shares in the lockbox. Those are waiting for $60 a share on EC1456 being a super success.
Ultra will certainly tell you all of the reasons why something will go to +$x but it ends up going to -$x
Perhaps if you use the function F(x) = - (Ultra Response) it would work better.