I bought into AVP at 5 and change I figured it was a take over stock. Well I did not follow my own rule and get out after a 8 percent decline well. I decided the pain was to much and sold, took a 11k loss. So do not wory now that I sold a buyer will be announced soon.
If there was a buyer it would have happened by now. I bought in thinking there might be a white knight now I feel nobody is going to jump in to save the co. If this company is going to be saved it will come from management. If not then good night Gracy.
If you sell for a loss it is a tax right off for other gains you had, and your out no more worries. If you hold and they are bought out you will kick yourself. I myself never sweat I will ride it out. Can use the loss to offset gains. Scared money always makes irrational moves.
Look it is simple. This stock is going down because of interest rate hikes that are coming. Rather then cry dollar cost average down I would not have nightmares yet. Personally I sold all my stock holdings except two, because I feel we are very near a correction or bear market that is the nightmare you should be worried about.
My strategy now is to look for beaten down stocks like this one, and only by a few hundred shares and wait for it to drop more and it will. It will drop for fears of interest rate increases. Or because the market ran out of steam nothing goes up forever. Either way by beat up stocks and add to it. Just my two cents,