Fair point. But I think at this point the risk reward ratio heavily favors sticking it out.
A fair few of us (myself included) have an average between .08-.09 so at this point, we're down 50%ish. Assuming the auction is unfavorable, and the stock drops to .02-.03, it's a relative drop of 50% again but only an absolute drop of 25%.
So you are really, at this point, only risking around 25% vs. taking a realized loss of 50%. If you believe there is a 25% of the auction going well enough to at leastmaintain the current pps, then it's break even. If you believe it's more than 25% of having a favorable outcome, the odds or on the side of sticking it out.
At least that's my rationalization of the current situation. Alternatively, "geez I waited this long ..."
GLTA
