Cytodyn Inc (CYDY)

[ClosetInvestor]

“I kinda feel bad for the people who could’ve gotten out at the $4-6 range. I know some people who rode it down to this and some people will probably hold until bankruptcy.”

There are a number of shareholders on other boards who are open about the amount of shares they own and that they haven’t sold a single share or have only sold a small amount. One of these investors owns ~100k shares (average $1), rode those to $10 and all the way back down down to .39. This investor’s CYDY shares were up $900k and are now upside down by $60K. That’s quite a swing and a good lesson in taking profits when you have an opportunity. I’m not advocating for selling every share, but recouping your initial investment and some profits isn’t a bad thing during a type of run that CYDY made.