Sell it for the write-off, then jump back in and hold. This coqsuqr did the same to 3D. How are new technologies going to emerge when everyone is listening to the greediest of them all? Andrew Left is the Perez Hilton of Wall Street.
I find it hard to believe anyone would pour nearly a quarter of a million $$$ into something as speculative as PLUG all in one shot. I really hope you're making this up. Seriously. I hate to see anyone lose that kind of money (unless I'm on the other side of the trade.)
If you would of started out buying 1,000 shares and waited, then another 1,000 shares a bit lower and so on. I bet you would of never gotten to 20k or even 10k it wud of still been a loss but easier to swallow. And next time don't bit off more then you can chew. And don't fall in love with a stock or a company they'll break your heart every time.
If you ever feel like you have to rush in to buy a stock step back and wait. Look for another opportunity if you missed that one. It's hard earned money you're putting in and you should be aware you're putting it up for grabs.
Sorry and realize how you must feel but I been there and made mistake that crushed. me. PLUG may go back to $6 - $8 after earnings who knows? It can go down also. Lots of luck.
"If you ever feel like you have to rush in to buy a stock step back and wait."
Hmm, that is one very wise advise, but...
I didn't wait a bit and jumped all in PLUG at $3.70...
Sentiment: Strong Buy