I bought 4200 shares long at $117.00 and am feeling a little nervous. I am sure it will come back, but I am afraid if it goes under $100. Anyone have advice as this is all I have. I figured the stock was down almost 50% and could not go any lower.
Look - it COULD goto 200 and you would be thrilled.
Does the possibility of doubling your retirement account over 2 years OUTWEIGH the risk of losing 80% of your $$ in 2 years? If so, keep it all in 1 stock.
NFLX is more than likely going back up, but that aside, it is more than foolish to have your entire retirement account in 1 stock. Unless, of course, you are under say 35 and have less than 50k in it.
If you are even remotely close to retirenment, within 20 years, do yourself a favor, and sell 75% of the position. You don't want to have to explain to grandma someday that you need to keep working at walmart because you thought NFLX was going to go up.