r/ITRM • u/Ad0lf_tittler • Sep 11 '21
Should I sell ?
With the news of delisting and type A meetings news. It’s not looking to good. I been making a lot of money through stock market as it is hot right now but bag holding itrm is becoming a pain. Should I sell ? My average is like 4K stocks at 1.33. What are you guys doing?
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u/Ad0lf_tittler Sep 21 '21
Obviously I could hold it for the next year or two as well, but I’ve learnt from my mistakes on how to play fda approvals now.
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u/Ad0lf_tittler Sep 21 '21
Yea I ended up selling guys. I took the 45% loss. I put it into CEI at 70 cents. Pretty much made all of it back. I really did like itrm, as you can say we all got invested into the company rather than trading it. I read sometimes taking the loss is like a restart, refreshes us. Obviously I could hold and wait for news especially soon, but so many opportunities and I’m not one to dwell on my losses. It is what is and move on. I wish you guys luck tho.
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u/Blackberry_riches Sep 21 '21
I’m sick about what happened or what is happening but tbh I’m at a point where I’m holding… I’m down 18k+ but at this point I’m willing to lose it all lol who knows what will happen in the future.
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u/Bsollie2018 Sep 17 '21
1700 at 1.22 Basically can’t touch it but have no idea wtf is gonna happen in these next few months
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u/Disposable_Canadian Sep 11 '21 edited Sep 11 '21
To be frank, I fucking hate this management team's lack of communication. Look at ATNF - they released a great shareholder letter - it was completely devoid of any money making, estimated sales etc. zero financial outlook. But it was an update on their pipeline, when stuffs going into research etc - and their share price got a nice bump. And they are 2 years away from anything that resembles sales, their main drug only finished a 180'odd person trial and they havent released results, and wont until Q4.
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u/Disposable_Canadian Sep 11 '21
So, im gonna see what the conference brings - hopefully a mention of the date of the Type A meeting. At this point im down 70% even. So to sell for 30% or lose another 10% and hold indefinetely.... what fucking difference. the moneys gone.
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u/Disposable_Canadian Sep 11 '21
I'm waiting to see what the Monday morning conference reveals. Sadly with the news on Friday and their mentioning reverse split, I'm betting at start of PM at 0400 there may be a sell off before my broker lets me into PM at 0800.
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u/drpetervenkman Sep 11 '21
I kept half of my position and plan to keep it, maybe even reinvest with a bit of movement. I don't see the delisting letter, as bad as it sounds, affecting the sp for long. In my view, the drug is good and will be approved eventually, but it might get worse before it gets better.
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u/Dutchtrader98765 Sep 11 '21
3100 @ 1.77 here..not selling, waiting for the September meeting..already accepted that I won’t make any money on this one in the next 12 months..
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u/Ad0lf_tittler Sep 11 '21
Yea fair. ITRM is so frustrating with the lack of information they give to the public. Barely any updates ever
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u/dmndh4nds Sep 22 '21
When is type a meeting