There's a decent conversation trying to happen here - but its getting swamped in snips and jibes.
ZIP is as good a stock example as any to discuss what to do when things go south?
When to sit tight? When to offload? How to determine a strategy? How to tell what's really going on?
As traders we need to be good at making decisions based on limited info - and we always have plenty of alternative stocks to choose from.
As Mak says - losing money on a stock should not = hanging in to the bitter end.
Better to shift what's left to something moving up - than to watch it fall further.
The key question then: does ZIP have a chance of getting back to (say) 50 cents in the near future? If so, how will it achieve that?
Over priced (Mod: Title Edit), page-144
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