So now you think your going to be another novice get rich quick INVESTOR?
Who told you it was possible to invest for immediate ups and only ups on a daily bases?
Get out of the stock market. You do not have the intestinal fortitude or knowledge to be in the stock market. Let a 401K manage your “worried” money.
Meanwhile let your broker register you with one of those (play money only) stock traiding programs. TD Ameritrade has a decent one.
Pick a growth company, NOT a (price) is the FIRST thing you will learn and remember that Bull/Bear market sentiment swings control those prices, the company can only TRY controlling profits from sales growth.
To be honest, if youre worried about some downside, this is probably not the stock for you or you have money at risk that you shouldnt have.
I hope you dont have more than a very small per centage of your holdings in any one stock, but especially not one as speculative as PANL - No more than 5% and that is aggressive. If your risking too much of your investment money in any one stock, or using money you shouldnt put at risk it's caled gambling, not investing.
That being siad, I really like the stock and tink it will go up, but that doesnt mean it's a guaranteed. I have about 4% of my EQUITY holdings in PANL, about 3% of my total holdings.
The most obvious question is why a newbie would put on a 1,000 share position in a stock that has a 1.60 beta.
How about 200 shares and add as the mnarket goes your way.
I guess greed and stupidity can be a real bad combo.
If you have been watching from the sidelines for the past few weeks and then you decided to jump in, why did buy all at once?
I would buy in thirds or even quarters the way this thing has been going.
If you were planning on only dropping 60k then you should have only started out with a 20k buy, or about 333 shares, and waited for awhile.
And if you've got 60k and you are investing at all, you shouldn't be investing like this.
Now is not the time to bail out, think flexible displays, 4 times quantum efficiency over fluorescent OLEDs, larger and larger displays, notebooks, laptops, and monitors, tablet displays, wall sized TVs, billboard size displays, transparent displays in bathroom mirrors, storefronts, heads up displays in aircraft and cars, and finally billions in solid state lighting.
I personally bought my first position in November 1999 and only sold my first shares to take some off the table last year (11 years later). I'm holding for now as well.
Yes, either you maintain your pride, in which case you massively average down until all of your money is gone, or take the sensible approach and sell, then establish a short position until this equity is in the 40s. JMHO.