Originally posted by slappy115Don't feel too bad. Deciding when to sell ain't easy.
Mine was buying shares of JRCC (James River Coal Company) at $3.96 and selling it for under $7.00. It is currently at $58+ a share.
😠😞:'(
I'm just looking at a profile of JRCC. Negative earnings? Is that some kind of turnaround play?
Originally posted by slappy115It looks like it lost about $4 per share last year, estimates are for it to earn about $4 per share next year. Looks like it's more of a bet on coal prices next year. That could be dicey - if coal prices weaken from expectations, JRCC could tumble from where it is now.
I don't know. All I know was if I would have kept it, it would have paid for my wedding and more.
I also noticed that all of the insider transactions are sales - no insider buying. From just skimming the data, it looks pretty pricey right now - not much value in it. Yeah, you missed a lot of the run, but at least you made money on it. You could have done worse.
Originally posted by Mad RookThat is true. It just bothers me when I thinnk about it.
It looks like it lost about $4 per share last year, estimates are for it to earn about $4 per share next year. Looks like it's more of a bet on coal prices next year. That could be dicey - if coal prices weaken from expectations, JRCC could tumble from where it is now.
I also noticed that all of the insider transactions are sales - no insider buying. Fro ...[text shortened]... eah, you missed a lot of the run, but at least you made money on it. You could have done worse.
