The Company provides a diverse range of banking, financial and related services, in Ireland, the United States, the United Kingdom and Poland.
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Has this ever happened to you? You own a stock -- say, no more than a couple of hundred bucks worth -- because you decided that, say, it was one of the two main banks of an EU country, whether or not that country was a PIIGS. And you held onto it, because you figured, these guys have to survive, right? I mean, sure they are getting a bailout but, you know, too big to fail! And they don't fail.
But they delist. And so now you're left holding a bag of pink sheets. So out of spite you join the red thumb sentiment, and indeed, you make a few points. I mean, you lost $200, but at least you get some CAPS points. And then the thing spikes, and so now you are in the red in real life and here.
I am certain this kind of thing never happens to any of you.
As they say in the old county western song "If it weren't for bad luck, you'd have no luck at all"
I lost my "Yes Man" charm because I shorted this to gain points. I learned my lesson. :)
Good luck with your other investments.
All good investors make mistakes; you just have to learn from them.
Sc##w the Caps score. At this rate, I might end up getting my real money back!
Then there is that old fashioned notion of hanging on in spite of it all and making a killing as your reward.