Originally Posted by
Farman Biplane
Gullibell, sitting on losing stocks is a bad thing. I hope you learnt the lesson and now use unemotional automatic trailing ratchet stop loss protection?
Don’t worry, you will get your 20 bucks back, eventually......
Cathay Pacific Marco Polo Club emailed me, ask me why I haven't been flying CX recently. I said, I'm not happy sitting in the back with unhappy pilots sitting up front. No 13th month, etc etc. Not that they're any more likely to listen to me than their own pilots.
Sitting on X number of CX shares @ $20 I still own X number of shares. I haven't realized any loss/profit until I sell them. Basically I used to get one free flight per year from the share dividends so I didn't mind so much if they were down a little bit. Now the dividends hardly cover a cheeseburger and coke at McDonalds at CLK.
And I'm holding PetroChina at almost $17. Last I saw they were about $5 and I'm down about $1M. Makes CX look like the shareholder golden money tree, and I should be greatful for one free cheeseburger and coke every year.