08-17-2021, 11:20 AM
[quote pid='28089' dateline='1629214055']
Quick question. I have 9 shares of SAM. I'm down over $3600 which sucks. Worst investment ever!! But it may be headed even lower and more losses. I'm a big fan of there beer and it's my go to beer which is why I bought lol. But at what point do I just say screw it and take the loss and move on and invest in other names?
I added some OHI, LOW, TGT and MO
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I love the product too. If you are down $400 a share you bought into the MOMO and some horrible valuation. It's a competitive business with no real MOAT. The chart is REAL bad and it's still in freefall so it's hard to say what to do but I suspect you could buy it back cheaper in a month but reality is the battle wounds probably won't allow you to.
Going to be a good income day I think. GNRC is down $50 from where I sold shares so I sold a put well out of the money for now. Expires Friday as I want some wiggle room. Need a few more of these to put some cash to work.
Quick question. I have 9 shares of SAM. I'm down over $3600 which sucks. Worst investment ever!! But it may be headed even lower and more losses. I'm a big fan of there beer and it's my go to beer which is why I bought lol. But at what point do I just say screw it and take the loss and move on and invest in other names?
I added some OHI, LOW, TGT and MO
[/quote]
I love the product too. If you are down $400 a share you bought into the MOMO and some horrible valuation. It's a competitive business with no real MOAT. The chart is REAL bad and it's still in freefall so it's hard to say what to do but I suspect you could buy it back cheaper in a month but reality is the battle wounds probably won't allow you to.
Going to be a good income day I think. GNRC is down $50 from where I sold shares so I sold a put well out of the money for now. Expires Friday as I want some wiggle room. Need a few more of these to put some cash to work.