May. 8 at 4:05 PM
$BHC it’s been a while, so I thought I would just update everyone. I sold this POS at a huge loss; about
$500K. The opportunity cost on this probably adds another
$500K (so, I effectively lost about a
$1M). This is by far the worst investment I’ve ever made and it has scarred me for life. I did, however, end up buying long term calls at
$5 and
$10. If you are considering buying this stock, DON’T DO IT! Instead, buy call options that expire in a year or so. This is the only way to play this stock. I believe this will eventually re-rate once market comes to realize they will survive and monetize BLCO
