No one loses money on any stock unless they sell for a loss, that's the time the loss occurs. Should a trader/investor/gambler make a fortune on one stock and wish to sell for this profit then his loss on a poor investment comes very much to his aid if he's fortunate enough to have one. The loss stock is sold and tax advantage taken then repurchased at or below loss price in an arms length entity and zingo... no loss on the stock with a big bonus on the profit retained on the good one. This is not news, this is just plain investment business. But now on to FPL... they do own an oil field, they are in production, they are still viable, they are progressing with a drilling program. That they are not yet producing and selling enough product to sustain their activities is a given....so what?? Will they ever be viable....who knows?? The main criteria for success is not to cry and run home to mother for comfort but to overcome problems and difficulties as they arise. So far the directors of FPL have done just that. I'm a shareholder, therefore it's my company, it's my investment, and it gives me an interest. While the non-shareholding baggers continuously vent their aggression--for whatever reasons--they however do post some valid opinion and I for one, in the forum of discussion, appreciate some of their more intelligent comments. Keep the faith.
FPL Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held