InvestorsHub Logo
Followers 7
Posts 1577
Boards Moderated 0
Alias Born 02/27/2014

Re: Mikey2222 post# 75293

Friday, 05/01/2015 2:50:28 PM

Friday, May 01, 2015 2:50:28 PM

Post# of 80868
egos or not, I dumped 7,500 shares to reduce my risk.

This was purely the double down stocks, I bought these cheaper than what I sold them for.

Of course, it will take a higher stock price than $6.5 for me to break even, but I can live with that.

Risk management is a deed, and sometimes you just have to sell at low levels.

Normally, I'm quite convinced about my investments not to be forced to do that.....but in this case I'm convinced that reducing my risks is wise, no matter what this stock is gonna be worth next year...be it $15.

Stock price would probably be driven more by speculation than fundamentals to get there again.