A good point I read about this stock, is if there is any reason why (we) should not be picking stocks, this is it. (HCG) because You never really know what's going on in the boardroom, and investors are always the ones to lose.Stryker wrote: ↑May 15th, 2017 8:31 amHCG was the first stock where I changed my mindset in regards to selling. Just held on until all hope was lost, and that came with the announcement of the $2 billion loan. I don't know where this company is going now, and I don't really care. In the past, I've stood and watched stocks go to zero or essentially worthless. I was determined that if the initial reason for purchase no longer applied then even if the company somehow managed a turnaround after I'd sold I would just move on to another investment elsewhere. I prefer to get a fraction of the cash I've put into an investment rather than nothing. I only found out after the fact that I got out of HCG about the same time as Mawer and some other fund companies, so I wasn't the only one who goofed.
In 2016 of the Canadian stocks I own, there were no buyouts or dividend cuts, so no necessary sales from the portfolio. That was a good year. Since the start of 2017 I've only had to sell the one above.
Like you said, there has been many examples of this over the years.