I have all my money in this POS. I started buying when it dropped to the $200 range and and kept buying. I'm down over $100k. WTF should I do???
I don't have any more to buy with and I've spent my entire equity line of credit on my house. My wife is gonna kill me!!!
You had never thought the stock would come down this far when you grabbed the falling knife and bought it at $200 range. You kept buying with your HELO (Home equity line of credit) and the lower the stock dropped, the better price you thought you had gotten (dollar cost average).
The stock will be off another 28% off today's close (very possible based on AH price) if it opens at $85. The is another 28% bargain. So you want to buy more if you had money in your brokerage account.
How about if it goes down to $50, 40, 30? Would you buy more every time it goes down?
It won't go down that far, you say. Well when you first bought it, did you predict that the stock would go down this far?
I feel sorry for you if you did what you say. It is such a pain!
Cut the crap Fraud. This ignorant post has been going on forever on stocks that have tanked, just so you can see how many postings you can receive.
And if you ARE serious, the simple fact that you said "I don't have any MORE MONEY TO BUY MORE?"
Why would anyone feel sorry for you if you want to buy MORE???
I think a lot of great companies go through these periods where management does a series of silly things and end up hurting the stock price in the short term. The company is still the best at what it does and is in process of expanding its services internationally. I would hold, but I would also stay on top of everything the company is doing in case it turns into the titanic and you must bail