08-17-2021, 01:21 PM
[quote pid='28091' dateline='1629216774']
It doesn't really matter at what point you bought the stock or how much profit/loss have you made. It's about looking at the company in it's current form and deciding if it's worth keeping. Over the long term good companies will perform well, regardless of the ups and downs that they may experience.
If you still believe in the company, then there is no point selling. If you are starting to question this, then it might be time to let go and buy something you are more confident about.
[/quote]
Great advice. It's about the future and it really doesn't matter where a stock used to be. I screw up plenty and usually ask myself a couple questions when a recent purchase gets hammered.
-Why did I buy it in the first place and what changed in the company's fundamental outlook the next few years?
-Did I research it properly or chase a share price? It's time to figure out what I own if I failed to DD the financials.
I do follow SAM some and they missed a shift in the marketing trends. The space is VERY crowded and unforgiving in the short-term. Certainly not going to be irrelevant soon but that's not the issue when a stock is freefalling off a hard run.
(08-17-2021, 10:27 AM)MrFortune Wrote: 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
It doesn't really matter at what point you bought the stock or how much profit/loss have you made. It's about looking at the company in it's current form and deciding if it's worth keeping. Over the long term good companies will perform well, regardless of the ups and downs that they may experience.
If you still believe in the company, then there is no point selling. If you are starting to question this, then it might be time to let go and buy something you are more confident about.
[/quote]
Great advice. It's about the future and it really doesn't matter where a stock used to be. I screw up plenty and usually ask myself a couple questions when a recent purchase gets hammered.
-Why did I buy it in the first place and what changed in the company's fundamental outlook the next few years?
-Did I research it properly or chase a share price? It's time to figure out what I own if I failed to DD the financials.
I do follow SAM some and they missed a shift in the marketing trends. The space is VERY crowded and unforgiving in the short-term. Certainly not going to be irrelevant soon but that's not the issue when a stock is freefalling off a hard run.