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23:43
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Originally posted by MikeyMatty
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I would like to know what others think regarding the worst case scenario for the SP? I hold and do so at quite a large average. Today has been terrible, in fact the whole weekend has been. What do holders think, 9/7/5c? I don't want to sell but need to be realistic here. Do I cut my losses (and notch a loss for tax) or ride out the storm. I was planning to be a short term holder initially but this is starting to look more and more like a LT for recovery purposes. Keep thinking it's only a paper loss/gain until sold also. Some roller coaster!
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You can offload after open and take a massive loss and it"s over and done with. Or you can slowly derisk during hype phases. All penny stocks will go thru hype phases...
