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Re: Fitman10 post# 11964

Sunday, 05/09/2021 2:50:10 PM

Sunday, May 09, 2021 2:50:10 PM

Post# of 17833
Agreed. Me personally, when I look back at my own individual stock picks in the recent past the one consistent failure I have seen on my part is NOT picking bad companies, but getting annoyed they are not doing x, y, z on my arbitrary timeline and giving up and exited the position just to have them meet it down the road and explode as I originally planned.

The remedy for me I decided is as long as the company is not showing any reason to indicate they failed to accomplish their catalyst(s) I am just going to ride it out for rest of 2021 until I reevaluate next.

The catalyst clear in my mind in importance...
1. Wandi closing and numbers being added to the balance sheet.
2. Recovery of Teishan oil revenue with China domestic activity recovering from COVID shut downs.
3. Closing of Tec-99 and the other deal (forget the name).

I see no indication they have failed ANY of the above so will just do nothing and sit on my hands (which I have found is the HARDEST part of individual stock investing).