I feel like this stock is holding me hostage. Although I don't want to sell, I like knowing that I could without a loss. Floundering is a good word for what the PPS doing. When I think to myself 'how can this go any lower?", it then proceeds downward. I'm sure I'm not the only one fed up with LF and I am sure that a lot of people are thinking to themselves, 'the next time it goes back up i'm getting out!" which will make the climb that much harder.
advice: allocate a certain percentage of your portfolio to a longterm position in LF and allocate another percentage of your portfolio to trading in and out of the stock. This has been my approach. I bought at 7.50 in December and have held shares, but have also traded in and out of the stock 3 times making a profit of 25% 7% and 10% respectively (just in the past 3 months).
When you have a winner like LF you really can't lose by using this approach. The worst that happens is you make a profit but maybe you could have made more. Do not expect this thing to shoot up to 15 and stay there. Expect it to fluctuate week by week and take advantage of that flucatuation.
If you dont like to trade in and out then just keep adding on big dips and wait!
"Volatility is the friend of any serious value investor" - Ben Graham/Warren Buffet.
Consider a few things. How long have you held the shares? What percentage by total portfolio dollar value does it constitute? (BTW I have a spreadsheet that I'll share with you that has served me well in that regard for years) . Can you afford to wait? Do you see other investment opportunities more attractive to you?
This is a significant holding for me and I can afford to wait. Been a holder for about 6 months.