You don't lose money if you don't sell. I will tell you, this hurts for the potential of money that I could have made. I have 50K shares and every dollar hurts...but I bought it dirt cheap, averaged under $7. I could dump it NOW and still make a killing. Sure I could have made more but either way I am not letting go, so I have not lost anything or made anything really.
I held through bankruptcy, held through DOJ, held through merger when analyst said sell, held through distribution, held through EBOLA...you get the picture, this is NOTHING! And I will hold through this too!!!
Panic selling is all it is. We have seen it before and will see it again. I am not scared.
This is actually good, RJ lowered the estimated earnings per share from $9ish to $8ish. GREAT! This is setting itself up to beat estimates vs. meet estimates in the next Q. We have seen how WS reacts when you meet expectations. So let them downgrade it.
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