Noble Noobs get rekt REEEEEEEEEEEEEEEEEEE
"All I see is a bad company becoming even cheaper and cheaper. I don't see anything currently that can give it's share price support and form a price floor. What's stopping it from going to zero? Maybe it can turnaround in the future, but buying things that aren't obvious is gambling in my view, which is why I cannot wrap my brain around growth investing.
I'm going to stick my neck out here and call Noble a value trap. Maybe it is, maybe it isn't. I don't have to be invested in it to have front row seats to watch how this show ends." - GMGH, Jun 15
The price of Noble has crashed to $0.11 after they have decided not to pay its bond coupon.
It's just only a 98.6% loss from when I decided to exit in Feb 2015.
But let's say you're a 2017 bagholder. I did in May 2017 say that Noble is a piece of shit. Boom. Only 73.8% losses if you didn't sell then.
Good ol' GMGH did warn you about this. GMGH got your back.
You wanna know what I think is going up next? Naw, nevermind. You'll think it's a tulip ponzi bubble.