I hope you don't get stopped out tomorrow, but I can't argue with your decision. I'd hate to lose your input and wit from the thread, but I can understand your decision to say enough is enough. I keep wondering if my money, whatever is left, would be best spent somewhere else where it can be productive. But, I figure I have not lost the money until I sell; I am just down money. How is that for semantics!?
Again, I know how you feel. You get to the point that you think that this stock can't go any lower and it can't get worse, but... It gets to a point where it is almost funny at times (kind of like men on death row telling jokes about the gas chamber). I have sent a fax to my broker to NOT, under any cicrumstances, take any future buy orders from me for this stock, or its options, no matter how much I beg. I keep thinking about those June 5 options being under a buck now (I guess there is a good reason for that)...
What makes this so difficult for me is that I can't find any rational reason for what is happening to this stock, at least to the extent it has been hit. Yeah the BANX agreement re-negotiations have something to do with it, and the BANX delays, and the fact that we are now, and will be, seeing selling by institutions and individuals for tax loss sell-offs, etc... However, as many folks have recently shown, the spectrum rights are worth a bundle, more than the company as a whole. Personally I am into this so deep that unless the story changes significantly I will just hold and wait 2 more quarters. It may be best if I take this stock off of my stock screen and not look at the price, not communicate with my technical connection at CAWS for a while, not talk to their corporate and IR folks looking for answers they don't have, and not check in on this thread for a while (although my curiousity will probably get to me at some point).
Anyhow, I hope you don't get stopped out, and if you do, don't be a stranger (but please don't rub our noses into it either). |
