I‘m very doubtful on companies like that, if something gets such a hype on social media that‘s always a red flag to me. Like, if every Jack or John who lives on the west coast of Britain is suddenly sure that this Australian defense company with under a billion market cap you never heard of before is „the next big thing“, that sounds fishy to me. Jack or John may be right, but they could easily be wrong, too. In your case, I would ask myself the questions
1. How bad would it be to lose more?
2. Is there a stock you consider to be more promising?
3. Do you have a deadline or can you wait longer for it to come back?
1. How bad would it be to lose more?
2. Is there a stock you consider to be more promising?
3. Do you have a deadline or can you wait longer for it to come back?
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@DieEnte7 I 100% agree with you. I stupidly jumped on the hype and now I face the consequences.
To answer your questions:
1. It would be bad, but not the end of the world. I'd probably prefer to sell and see the stock go up rather than keep it and see it going down.
2. Yes, I have a couple of stocks that I want to invest more money on.
3. Maybe the only deadline that I have is that if the other stocks that i want to invest in go down, that's when I would prefer to have this money free and ready to invest.
Thank you so much!
To answer your questions:
1. It would be bad, but not the end of the world. I'd probably prefer to sell and see the stock go up rather than keep it and see it going down.
2. Yes, I have a couple of stocks that I want to invest more money on.
3. Maybe the only deadline that I have is that if the other stocks that i want to invest in go down, that's when I would prefer to have this money free and ready to invest.
Thank you so much!
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@Fedi00 Sounds more like a „Sell“ to me. And well, I never bought it so I can not say for sure, but I‘d probably accept my losses and move on too.
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@DieEnte7 yeah i think that's the best thing to do.
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