Anyone else worse off here than me?
77% down at the moment.
Anyone else worse off here than me?
77% down at the moment.
I’m 51% down so thanks for making me feel a bit better!
I’m just going to let it ride; no point cashing in now and I’ve got everything crossed. Miracles do happen
Yeah, I’m just going to forget I’ve even got it. I’ll check back in 10 years to see if I’ve broke even.
It’s only a loss if you sell
That’s exactly correct.
I have another underperforming stock (GDR) which is currently 44% down, but I have more hopes that this one will eventually come good.
MXC I’ve effectively done the same as you and written it off as a bad day at the office, but with still a microscopic spark of optimism about it.
Hey ho.
Also 43% down but remember it’s a penny stock and can go up twice as fast
Currently 41% but if you put £2 in 77% ain’t as bad as my one
I’m down 24% on 30,100 shares - fairly confident this stock will come good !
I’m down 36% but very relaxed this will be a safe bet in the long term. I am happy adding dividends from other stocks to buy the dip.
Just read this on MSE, which is a good way of looking at it:
"Q. I bought shares in Company X a few years ago. The value of this investment has now plummeted. Should I sell it or hold on?
A. Don’t consider it as an amount lost. For the sake of illustration let’s imagine it was worth £4,000 and is now worth £2,000. The big problem is that many people then think, ‘how do I recoup my losses?’ Yet it just doesn’t work this way. There is no ‘what goes down must come up’ rule. You have to let go of the past value and clinically think – I have a £2,000 investment in company X.
Forget whatever it was worth and make the decision on this alone. This means the real question to ask yourself is – would I be willing to invest that £2,000 in the stock market right now, and if I did, is this the investment I would choose? There is no difference in the risk profile between buying a share new, or having a share that you’ve held for a long time, it doesn’t change the chances of what will happen. So considering it to be a fresh investment is the only way to go."
So as the other responses have intimated, live in hope…
The CEO says MGC Pharma to be profitable by the end of 2021
Any comments on this?
Hi. Got a link to that quote please? Ta
Missed that. Thanks
Based on the accounts shown in the video, it looks like it’s going to be some effort for the company to be profitable by the end of the year, i.m.o. But I guess we have to remain positive and have some faith in what was being said, otherwise why bother investing?
MXC: ‘Revenue is forecast to grow 120.39% per year…Currently unprofitable and not forecast to become profitable over the next 3 years’ ~ SimplyWallSt.
Is 'cash flow positive ’ necessarily the same as profitable?
I hope the share price does go up 120+%
Cash flow excludes non-cash expenses such as depreciation and amortization, includes changes in working capital and capex, and is also presented on a cash basis rather than the accrual basis (matching relevant income with relevant expenses) the income statement usually is, so it indicates the exact amount of cash the business has more or less of in the period, which is ultimately what the business is able to return to shareholders.