I regularly have to talk myself out of buying again even though it's the cheapest the remember saying it since it entered my potential buying universe. I have kicked my addiction to China but it's a daily struggle. That communist party will hurt a brother.
At least you guys are only down 20-30%. Those are rookie numbers. You gotta pump those losses up if you want Bird & Motion to notice you. also i just looked at it and they have been killing their EPS estimates the last few qtrs and going no where...that cant be good.
I once held that garbage at $300 (up 50% or more) and rode it all the way down back to $200 where I sold it for what I paid for it. I tried again a few more times in the $150-$90 range, each time breaking even then waiting for another round at a lower point until I gave up. I started to think that at some point it would stop bouncing back for a breakeven exit.
Not sure about smart, as I wasn't the one that bought it. (Financial Planner did). But it was bought around 200 I'm guessing, went up, went down to 140, and now is near 500. I'm bummed the planner didn't buy more when it was below 200. It's better I don't follow these things every day, as I would likely go nuts and make bad decisions. Just let the planner buy it and forget it for a few years.
See, now unless you're planning on buying some soon, that's just mean and I am looking forward to karma rectifying the situation. It's still up around 58% in the 14 months or so I've owned it, so I'll live. But I am having a lot of regrets about a biotech I played all wrong. I blinked last week and experienced the swiftest turnaround I've ever been a victim of.
Do I have any other Uber comrades left in here since @Gorilla George vanished? What's the mood on that? I've been having a major dilemma.