SB,
Just about the time a person might think FSII would be doing better, they find a way to let you know they are still sick! They really have their act together!
They dropped their little bombshell, after the market close on Friday, before a 3 day weekend. That's the ploy of a management who hopes to dampen as much as possible the effect of dropping bad news on their investors (and potential investors).
Now we have to wait and see until next Tuesday just how much pain is going to be inflicted on those of us who still hold the stock.
As you pointed out in an earlier post, now is probably not the time to sell, however, with yesterday's announcement, shares will probably be much cheaper next week.
At this point, I would not sell FSII for another reason. With FSII in my portfolio, it is a constant reminder to me of how I screwed up in my handling of the situation early on. I violated the first rule of investing in the market, "Cut your losses short and let your profits run". Having FSII in my portfolio makes sure I don't forget that message. And by the way, with more announcements like FSII made on Friday, the message may be around for a long, long time. |
