re GE, remember that he was DRYS, and ORIG was "built" with DRYS $$, as part of DRYS, then sold off for only a portion of what it cost. DRYS shareholders got screwed. He will do that to anyone for his own good.
Never fall in love. Never think you know more. You don't.
When you own a stock that is doing badly, sell it. That "category" stuff is for text books, not successful investors.
With a click, you can get back into the stock. Why take more and more losses?
I have sold a few times, and today was the last of my shrs. I doubt any real turn around is coming, and any bounce will be muted, and sold.
way oversold? They are issuing new stock that effectively increases the shrs O/S by 50%, which mean the SP shd drop 33%.
When announced, the SP was about 12, fair price would be 8, mkt dropped very big, oil dropped big, so well under 8 looks reasonable from a straight mathematical analysis, yet it's at 9.65.
I can't see it as oversold, it seems overbought to me, people have not yet thot out the refinancing.