Ultrack Systems Inc (MJLB)

[work-n-hard]

This might be a handy lesson for future trades.

Just think of this: With the official Core Inflation number around 8% (Which is what we hear from the White House and the media quote, just know that the Core number does not even take into account some of our biggest cost such as the price of gas & food. If you didn't know that, I know it seems unreal, but that's how politicians play their games.) it has proven to be a BIG mistake to have held this stock for the last year.
Take a random number like $500K. Even if you get it back today, the buying power compared to a year ago, is now probably around $450K. That's an actual loss of $50K in terms of what you can buy with it today.
So before anyone gets too excited with any gains, once they do come, remember you have to make up your losses first.
(This does not take into account loss of potential gains made with money that was actually out working for you.)

On the other hand, flipping it during that time, your already ahead of any future gain. (Assuming that you were averaging at around 15% over the last year.)

AJMO

For a calculation of the "official inflation" use this calculator.
(The real number is worse.)
https://www.rl360.com/row/tools/inflation-calculator.htm?Currency=1&AmtSaved=500000.00&YrsToKeep=1&InflRate=8&Calculate=Recalculate

What is core inflation? (Scroll down to see this part.)

https://www.brookings.edu/blog/up-front/2021/06/28/how-does-the-government-measure-inflation/