"To exit gracefully..." That'd be about the last thing I'd ever be worrying about. -g- Just sell.
If the purchases are in a taxable account, and if I were bothered as much as you seem to be about the loss, Suma, I'd certainly reduce pain and sell 100 or 200 of that $36 lot, and take the tax loss. If I didn't expect to live too long, I believe, for me, I would hope to spend the proceeds, if I could while I was able, and would try to not redeploy funds back into stocks.
PFE: Several professional value investors/value funds have bought PFE at current levels. I see no reason to sell the shares I have - I'm holding. OTOH, I'm not so willing to add more at current price and PFE is only a very small position for me.
Jmo, there may be no right or wrong answer; I only respond because I considered the question. And although the question was directed at 'more savy investors', that's a qualifier about which I make no claim for myself - especially on market days like today. |
