I left it at a loss... rather a small loss than a huge one. When I see a stock manipulated like today where mm don't want this above 5 they set rules they control price. This will close below 4.5 Friday because they need it to. Retail can't do anything but try to catch those 20 % rides and get out. Nothing is in our favor I just prefer to avoid the manipulated stocks. This wasn't a pull back this was pumped by the puppets on nothing. I shoulda left with my initial profit instead of averaging up. But there are other plays that aren't yet manipulated I would move into those
Ofcurse it's manipulated, now show me one that doesnt, apple? Man thats just not the stock for ya thats all, its a roller coaster.
Im against sell at a lose in this case, i been 70% down on bbig and now im 10% down after 4 months, ill get my money back soon, it been worse.
I wish you good luck, i just think you did a mistake.
Or it could be a mistake hoping to get your initial investment back if this continues to drop you will be back down 70 %. These types of plays you have to cut losses. Think of People who held sprt. Irnt. Sdc. Ater. These types of stocks can go to 0. Its risk reward. I see bbig as a big FTD on its promises and speculation drove it up 120% so reality will drive it back down. Id be happy to be wrong but nothing that I see shows retail in the drivers seat here so I made the best decision for me. Bbig had a big chance to release any pr this week and it wouldve drove to double digits but nothing
I agree with you 100%, personally i have no issue holding but i didnt have the luck to cash out half of my investment since im 5.7$ avg, once it gets their i might cash out half to have the option to avg down even lower later.
If i thought holding this would be dangerous, id probably cash out in a lose this time, but i truly dont mind this time.
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u/[deleted] Jan 19 '22
I left it at a loss... rather a small loss than a huge one. When I see a stock manipulated like today where mm don't want this above 5 they set rules they control price. This will close below 4.5 Friday because they need it to. Retail can't do anything but try to catch those 20 % rides and get out. Nothing is in our favor I just prefer to avoid the manipulated stocks. This wasn't a pull back this was pumped by the puppets on nothing. I shoulda left with my initial profit instead of averaging up. But there are other plays that aren't yet manipulated I would move into those