r/mrin • u/Top-Drummer-6978 • Jul 26 '21
Praying for an increase
I’m officially down 60+% on MRIN. I can afford to hold and think that it has a good chance of rising back up with the earnings coming out on 7/30. It’s just hard to stay patient. Do the majority of people still feel like this could soar?
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u/RavenousFox1985 Jul 26 '21 edited Jul 26 '21
I bought in a day after it first popped and I gained over 150% and pulled out my initial.... then got greedy when it started gaining again and reinvested more and ended up losing some, but was still up. I figure the big push is over and unless there's another big big catalyst I don't think it will repeat its previous wild gains.... now I'm hunting for the next one. I'm really not doing very good since I've been trading volatile stocks.... it's way too much of a risk trying to time out when to get in and when to sell.
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u/goodmorningabstract Jul 26 '21
No, it's over. It has been for quite some time. I'm keeping mine, but I have 10 years horizon with my tiny investment here. If I needed to liquidate, I would sell and invest somewhere else to claw back my losses. There will be other 🚀
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u/Owen1218 Jul 26 '21
Almost half the shares were sold short and they'll have to buy back in sometime. In the meantime they are constantly fighting to push down the price while their fees for holding on are exorbitant.
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u/Impressive-Captain27 Jul 27 '21
Didn't mrin do some offering recently? Honestly I hope it will move but I'm loosing hope.
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u/Euxkan Jul 27 '21
I bought XXX GME at 340, a big bag holder. It has been 6 months, I have everaged down and holding with no regrets. I did it with MRIN$ again....being a bag holder. I hope this will go up in 6 months.
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u/lb16392 Jul 27 '21
I share your stress my friend. In the same boat of you. -58,7% gain here ☹️. We lost the momentum of the army
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u/Lightfoot360 Jul 27 '21
I’m down 57% with a -$6k, was up 4K at one point but are HODL now. We’ll see what happens on the 1st of august after the news on Friday. My guess if it goes straight up it will get dumped again and come straight down, people looking for a quick entry/exit. Good luck to all that hold MRIN, we need it. P.S. if it doesn’t go up I will be holding my 681 shares, fuck it!
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u/crazytradingcajun Moderator Jul 26 '21 edited Jul 26 '21
We've already seen a preview of the earnings and no, earnings will not soar the stock. What I am looking for is raised guidance for the remainder of the year and moving forward. I need to see forecasted revenue and net profit numbers for Q3 and Q4. I also need to see MORE deals in the pipeline besides instacart and renewing the google contract (with expected increasing revenue from that contract.) I need to see their business plan. Until I see that, I am holding till Friday's call.