Wow, what wild ride we've been on the last few days. As a relatively new trader/investor, this is a real eye opener! I'm not really sure what to think, but my gut is telling me we're being held hostage by China, the euro/grexit, low oil costs and the fed. What gives? There have been many teaching moments recently that I've picked up on and some I haven't. In general I'm a patient guy, I'm investing only thousands of dollars, not tens of thousands like some on the board, and that's money I don't need to live/survive on. So I find myself under water/bag holder for some companies that im unwilling to sell because I'm down so much, I'd rather take a long term approach and ride it out until greener pastures arrive. Am I wrong in this sentiment? Can some give me a little advice on what I should do with some of these companies? The ones im currently down pretty big that I've switched to a long term view are:
-ABEO (formerly ptbi. Rode this horse twice with great gains and got stuck at work on the 3rd time playing it, now I have a sizable deficit that I'm willing to hold onto long term
-ETRM (man what a disaster of a company so far, I still believe in the technology but wow their management sucks. They've hit their milestones and then some but a botched offering, no communication whatsoever with shareholders and a declining pps that hopefully hit bottom at $.20. Their CEO just announced retirement in December, which is a plus but wow am I under water here. With this one, I've had intention to hold long since I bought but it's discouraging when your 1 investment brings your whole portfolio down significantly. I basically am gonna run that one til boom or bust I've decided.
Any thoughts? Suggestions? Any familiarity with etrm specifically?