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Cowracer
Member
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# Posted: 28 Feb 2022 11:19am - Edited by: Cowracer
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Man, I got a big decision to make...
Backstory. I worked for a company that went thru a real rough patch in 2018. It's related to the oil and gas sector, so there was a large contraction in share prices. It got so low, that on a whim, I bought a thousand shares of company stock when it was down at $1.61 a share. I figured I could afford to gamble with $1600.
Well the gamble is paying off big-time. The stock shot up hugely since January and is going for over $14.30 now and looks like it might even go higher in the next few days with all the turmoil in the O&G market. While the greedy part of me is saying to leave it there in case it goes higher, there is a part of me that saying that I could cash out right now and build cabin 2.0 for effectively $1600 of my real, actual, hard-earned dollars.
That is looking awfully attractive right now.
Tim
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DaveBell
Moderator
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# Posted: 28 Feb 2022 11:53am
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Send the name and stock symbol to my email.
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Nate R
Member
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# Posted: 28 Feb 2022 12:50pm
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I think O&G will keep going up for a bit.
To me, I'd seriously consider hedging your bets...sell 500 shares now, and maybe the other 500 later. Don't forget about the tax hit on this, you may have to set some aside for that!
-Nate
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Cowracer
Member
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# Posted: 28 Feb 2022 12:52pm
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Dave- Done.
Nate- Not a bad idea at all.
tim
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jhp
Member
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# Posted: 28 Feb 2022 01:07pm - Edited by: jhp
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Figure out what your Cabin 2.0 + tax hit looks like, then subtract that from today's value in terms of how much the stock could drop in % before you go below Cabin 2.0+tax.
Set a trailing stop loss for that % and then go draw up some plans for the cabin and sleep well. Whatever the market does - either you go up in value even more or you hit the stop loss and walk away with your cabin.
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Steve_S
Member
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# Posted: 28 Feb 2022 02:54pm
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The Fed Banks have ALL indicated that even though interest rates did not change "now" they WILL be going up starting in March (pending on your country, dates will vary) and of course we all know what that means... YET Another excuse for Price Increases across the board.
The future & how things will pan out is less certain than it was and TBH does not look promising as it sits. There will inevitably be all sorts of fallout / shifts and that will most certainly hit the entire Energy Sector which will run UP prior to collapsing back down... When will be the key and noone knows. In either case you will be left with the old "Should'a, Could'a, Would'a" regardless of the choice you make.
TBH, You made a darn good margin on that investment and could take that and do Cabin 2.0 which in turn is a Tangible & Real outcome that is yours. Sticking with it and hoping it goes up may work or may not if it drops fast and you cannot dump it... Far too many people have been there but only YOU can gauge your personal "comfort level of risk" and how much regret (should'a, could'a & would'a) your willing to live with later.
As for TAX - ruckus, stuckus, frickus, fruckus.... Full Fred Flinstone mode.
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DaveBell
Moderator
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# Posted: 28 Feb 2022 03:53pm
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Tim,
I read the last 10-Q and looked at price over last 20 years. This company is a basic materials supplier with oil industry only part of the income. They have massive debt. Sell it.
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gcrank1
Member
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# Posted: 28 Feb 2022 08:44pm
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After my having lost 3 times by holding too long I say
Take The Money And Run!
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Cowracer
Member
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# Posted: 1 Mar 2022 09:29am
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Quoting: DaveBell Tim, I read the last 10-Q and looked at price over last 20 years. This company is a basic materials supplier with oil industry only part of the income. They have massive debt. Sell it.
I agree. They overextended by building capacity (new plants) at exactly the wrong time. Some of those plants have been sitting idle for a year now. Like I said, this was a silly little wager. I knew at a buck-60 it was pretty undervalued, and I figured at the time that I could make 50% on it or if I was really lucky, I could double my money. Hoo Boy!
Steve_S... Good point about turning it into a tangible asset that will only appreciate. Not that I would ever sell. I regret every single day selling Cabin 1.0 and won't make that mistake again.
I still have about 300 shares of stock that the company gave me as a performance bonus in addition to my 1000 that I bought. The blackout for trading ends tomorrow (talk about timing!). I'll probably cash in the whole lot at one time.
Thanks for the different viewpoints.
Tim
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gcrank1
Member
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# Posted: 1 Mar 2022 09:32am
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Blackout for trading?
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Cowracer
Member
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# Posted: 1 Mar 2022 09:47am - Edited by: Cowracer
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Quoting: gcrank1 Blackout for trading?
Yeah. As part of being management, there are blackout dates on being able to conduct trades of that stock, mostly around earning announcement dates. Something to do with insider trading laws.
Even though I left, they still apply for like 6 months.
Tim
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gcrank1
Member
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# Posted: 1 Mar 2022 10:03am
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Let us know how it goes then we can start helping you decide how to spend it 
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Cowracer
Member
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# Posted: 1 Mar 2022 11:06am
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Typing up question #1 right now...
Tim
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Cowracer
Member
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# Posted: 7 Mar 2022 12:34pm
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Well... That's money in the bank. Last week I placed a sell order for the stock at $15.00 and this morning the stock blipped over that for just a little bit, but that was enough to trigger the sale.
I was down at the lake this weekend, and started laying out things to be done and step to be taken in what order.
Rough order is going to be
#1 frame in and cover rear "garage" area. That way I can leave my tools and whatnot down there in relative security.
#2 dirt work for floor
#3 form up floor and install heating tubes
#4 lay concrete for floor, patio (and possibly all the way to the driveway.
#5 rough frame cabin
#6 get cabin 'dried-in'
If I can get all this done this year, I'll be in good shape.
Tim
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gcrank1
Member
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# Posted: 7 Mar 2022 02:05pm
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Wha Hoo! Happy Dance 
Might as well start your 'build thread' and claim your space here
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