Quote:
Originally Posted by blkgsr
do you think that the NTL go ahead might give this stock a little boost? that's all i need, then i'm out
the annoucement should be coming in the next couple weeks (feb 22 or 28, around there)
I might have read wrong but one of you guys lost 16k in bcg?
i think you might be refering to what i wrote, no that's how much i have, not lost
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If you have 16k in BCG, you're probably one of the largest shareholders as the management team would most likely only hold options that aren't even in the money yet.
If I was in your position, I would cut my loses and deploy the money in better companies. You're going to miss out on opportunities that arise as you're waiting for BCG to regain. I do hope I'm wrong.
Example - your avg price for BCG is 16cents, you're waiting for it to go to 20 cents but it'll get there after 2 years. You can get out of BCG now at 16 cents and redeploy funds to another company (say AVR) and watch it regain all your BCG losses in a matter of days/weeks.
FYI - I cashed out close to 20k worth (tax loss) of stocks for the month of december now worth about $2k to redeploy in one company. It's something I just picked up in 6 years of doing this. You can hope and pray that your losers will rebound but a more logical view would be to sell and buy winners.