I lost ~$150 after buying 100 @ $21.48. I figured it was dangerous to buy into a knife that's falling with such velocity, so I kept the amount of $ at risk low. Well, it could've gone a lot worse for me, had I risked more or been less patient. I'll probably add to position if the stock gets raided down to around $15-17.
$25+ seems a feasible target and I'm willing to hold those shares 3 months if I have to.
Buying a stock with good news and holding for future gains isn't greedy. That's what many people did yesterday. Being forced to sell because of a 50% decline in your account value is just plain survival. Where do you think the greed really started?
I lost $16,000. Bought 1600 at. $30 and didn't sell until $20. Still holding 800 shares just for the #$%$ of it. I can't believe this move is possible. Totally changing my perspective on investing. Really a shame.
It should really change your perspective on your ability to be a trader. Buying a stock up $20-$30 in a few hours is NOT investing. At best it's day trading, and if that's not your skill, you should stick to INVESTING in blue chips like GE and MCD.
I know how you feel man. sorry to hear that. that is why i always short stocks. I swore off buying stocks and i wouldnt buy any stock ever if someone gave me a million $ to do so. Short short short is my motto