Yup GRW turned out to be a mistake, but I did my buying for the right reasons and am not sticking around that story waiting and hoping for a recovery. The funny thing is that I put up with some flak on the GRW forum for daring to suggest that it was a risky gamble that may not work out, and someone brought up my selling of KXL as an example that I did not know what I was talking about. Well now KXL is down below the levels of the last time I sold some. I cannot tell the future, and neither can anyone else. I just try to behave in a way that protects my capital and leaves me some leverage to upside if the gamble goes in my favour. I always considered GRW to be a trading play, but I have always maintained a healthy core position of KXL. I am not happy with the trading this week in either stock, but at least I am working proactively to get the most from my participation in them.
Better days are ahead...
mike