Personally, I can't see the use of selling at this point. Granted, I don't have as large of a stake in this stock as many others do, so that does make a difference. However, if this were to go all the way down, I would have lost 30% of my initial portfolio on this stock. I figure that I can't lose much more than I already have lost.
Either way, whether this recovers or not, I have something. If it recovers, I might actually get some of my initial investment back. If it doesn't, well, then I have a nice big tax write-off, and a story to tell my kids about in the future. I know that my dad had a similar story that he told me about...
In any case, this has been pretty painful to watch.
Good luck,
John |
