Thanks for correcting that oversight....
so let's redo the math 3000 shares * .073 is about $220 and 12% of $220 is about $42. I dont know what your transaction costs were. Let's say you paid $7 to buy and another $7 to sell. That means to sell out and buy a replacement stock would cost you a total of $21 in fees ($7 to buy CBIS+$7 to sell it+$7 to buy the replacement). Hence, your fees would be equal to 50% of your current loss. To do what you are suggesting, your total loss would be about $63 ($42 loss+$21 fees) on your $220 investment or about 29%.
Let me also ask, why did you buy this company in the first place? What has fundamentally changed since you made that decision? If there has been no fundamental change why would you want to sell now? Remember, no one (let me stress that), NO ONE regardless of what they say ever gets in at the bottom or out at the top.
Your objective should be to find a company you believe in, buy a starter position and build it over time buying the dips and selling into the rallies. But that only works if you have faith in the company and are willing to throw good money after bad when things look darkest. If you dont have that kind of faith in CBIS by all means sell. Your 29% loss at this point is only $63 and that's cheap for the lesson learned.
In a time of universal deceit - telling the truth is a revolutionary act. - George Orwell
