That would depend on what the investment purpose and requirement was ???
Every investment, whether yours in a stock, or a company investment in their business, is backed by an expectation that the use of allocated money, over time, will create something that is worth more than it was before. The only questions that matter are: "Will it" ? "When" ? That's it.
Money over time, applied in a good plan, with hard work done by good people... gives you success. Doesn't mean there are no challenges, but, do you have good people, working hard, with a good plan, and the resources needed to make it work ?
You are saying re NXCO: "It won't". "Ever". But you have no reason for believing that... since you admit you don't know anything about it... but assume now that the story you USED to believe, just can't be true any longer... only because the stock price is lower than it used to be ? Companies with "real" stories and "real" business opportunities have stocks that only go up ?
I see that approach to the questions here as the antithesis of investment... and yours isn't even a level of DD and method sufficient for a reasonable basis in trading ? You "bought into" the stock and the story on the way up, paying full price when they were not on sale... and you didn't sell at the top of the market, in order to buy in again lower... and now, since your formerly green stock holding is underwater, it must be the STORY that is all wet ?
Really, dude, the results you see from transactions in your account are a function of your choices and timing... only... given how markets work... and they have nothing at all to do with whether the company is making real progress on their business plan or not ???
Real investors and traders know the world does not revolve around them and the account balances that reflect their choices... know that the results in any trade or investment reflect ONLY your choices given others choices and timing, and not anything other than that. The NXCO story continues to improve... and the stock continues to go up AND down... like all the others in the market ? Welcome to the market.
It is a simple business FACT that growing a business rapidly takes money... or there wouldn't even be a stock market. Businesses need money, and investors provide it... either as equity or debt. Some businesses, as some investors, will do a better job than others of getting money at the right time (as defined by the business need and market opportunity) and using it to make more. Good investors will figure out which companies those are, know why they are... and have their money in the right place at the right time... making what they have into more. Good trading enables good investing, good investing enables good trading... and smart companies and smart investors both understand that and how it works.
Did anyone mention... buy low ?
The decisions on how and when to raise capital aren't choices made in a vacuum. You don't need $ if you don't have a use for it, and you do need $ if you do... which doesn't mean that every business that needs money needs it for the same reason... just as different share holders sell shares at different times for different reasons... and have different uses for the $$$ they raise by selling. Money has a market, too, and that market right now is pretty ugly. There isn't a lot of debt financing available... which, I think, is healthy for the REAL market in the long run. Debt is the problem... stocks are the answer.
Another board I frequent had a post today that addressed that from the perspective of the forced selling of shares on the larger market exchanges, quoted here with minor editing... but, it holds true for sellers, generally, whether they are shareholders needing $ or the companies:
"I still think that the people that are selling, big sellers, are tapping into the most immediate sourse of liquidity, that is the capitol markets. In despiration they are drawing from their cache of stock. the good thing for them is that there are buyers for their dumpage, hopefully enough to not only blunt the pain on longs but also hopefully to blunt losses sufficently so that sellers will be able to raise what they need to satisfy their creditors."
Leverage... others use of debt, and their mis-use of it... has skewed the market value of money. Some want or need $$$ more than their stock holdings now. That means ALL stocks are on sale now... given that markets provide alternative choices. It does not mean that you should sell every stock you have now, if you don't need the money...
So, while you quibble with the company for doing what they need to do in running a business... why are YOU selling the stock... because YOU the need the money ? Must be something seriously flawed with your own brand of management, then... or you wouldn't need that $$$ right now ??? Etc. Companies are only market participants, too.
We are still in the middle of a market crisis. I don't think it is a bad thing that NXCO sees real opportunities to have their business GROW in spite of what is happening in the rest of the market place. I don't think it is a bad thing that they might sell a few shares once in a while if that will help to enable the company to succeed... since that is why God created share certificates... or our ability to conceptualize them.
I still see it as more useful to buy when others are selling, than to buy when they are not. Doesn't apply to NXCO, but I do invest in a number of "low float" stocks... which requires that perspective. The only way you CAN get a sizable holding, is to buy when there is more than routine selling pressure... or you will buy few shares at higher prices, instead of many shares at lower prices... but that situational reality is a broad awareness it is good to have in the broad market for all stocks, whatever their unique trading dynamics.
Otherwise, I understand my role as an investor is different than my role as a trader... and I use VASTLY different criteria to balance my decisions depending on whether I'm investing or trading. When I'm thinking like an investor, I'm looking to Warren Buffett and Peter Lynch for ideas, not so much the hot IHub tips for trading today, and not so much looking at a stock chart to see what the intra-day moves tomorrow might be like. Picking bottoms? Averaging down ? Both part of the acquisition plan... which still doesn't mean I can't trade too, selling at tops and buying again at bottoms, while benefiting more from having skills in both trading and investing, without ever confusing the two ?
If you are investing in a business, as you are when you buy a house or anything else you want to own, will you study the purchase itself, the business you are buying, to determine if it meets your needs, and not just wander around the shop looking at the price tags for "good deals" without ever bothering to see what the price tags are attached to ?
So, I find much to most of the current "discussion" here pointless... since you aren't focused at all on the FACTS regarding this business, in the way that either a trader or an investor would be... while quibbling about price tags. Since I do own the computer I'm writing this on, I don't really need you to report intra-day share price movements or to interpret charts for me. Where's the value??? Seeing a distinct lack of value in watching changes in price only, without watching changes in what the price tags are connected to... how do I go massively short daiello's deliberately uninformed approach and opinions on prices ? Never mind... don't need help there either... it was purely rhetorical.
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