idAg09 said:
Since we are talking losses...what should i do with these stocks:
Over 50% loss: ATLX, BYON, ENZC, LUMN, SAVA, TELL, WWR
Recent pick-ups that are down: FSLY, KOS, MARA, SNOW, TGNA
Picked most of these up reading this thread over the years and didn't sell when I should have.
I'll comment on the one's that I've rec'd on the thread.
SAVA: I've posted that I hold it a lot higher and said I didn't average down. It's a zero or hero position for me. They're in late stage phase 3 clinical trials so I'm riding what I own to hell or Valhalla. I wouldn't dump it, don't buy more, but you'd drink yourself to death if you rode it this long, sold at a huge loss, and then it spikes on FDA approval.
SNOW: This one I'd hold as well and wouldn't sell at a loss. Don't add anymore, because there are better opportunities to profit from.
FSLY: I still feel f'ing horrible for this disappointing POS, sorry fam. I booked my losses in the $12ish range and removed it from my screen. IDC if they create something that changes the world, I'm never touching that stock again.
If you have cash building up, just be patient. If POWL goes mid $120s or less, and SMCI spikes down to the $750ish range, I'm a buyer of those.