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Message
Bought into a sinking ship stock
Posted on 11/2/23 at 3:03 pm
Posted on 11/2/23 at 3:03 pm
Bought it at $4.30 2 years ago and it’s decreased steadily to $0.66 as of today and the company has received notification from Nasdaq that it has fallen below the $1.00min trading value… effectively on its way to being delisted.
I’m wondering what I’m actually hoping for in a Hail Mary… is it a reverse split from the company? The company buying the shares back directly? New announcement that blows up the market and it launches out of obscurity?
Or am I just being dumb and not selling and cutting my losses?
At this point, I’m already in the hole so deep, what’s the difference of losing a few hundred more if it drops to $0.00 because of bankruptcy or something else…
Do I still own the shares that are just valued at $0.00? If that happens, what options could I have?
I’m willing to cross my fingers and hope it at least recovers a bit… but I can’t seem to find a lot of news information
The stock is NLS Pharmaceutics (NLSP) if you care to look into it quick if you have a sec
Thanks guys.
I’m wondering what I’m actually hoping for in a Hail Mary… is it a reverse split from the company? The company buying the shares back directly? New announcement that blows up the market and it launches out of obscurity?
Or am I just being dumb and not selling and cutting my losses?
At this point, I’m already in the hole so deep, what’s the difference of losing a few hundred more if it drops to $0.00 because of bankruptcy or something else…
Do I still own the shares that are just valued at $0.00? If that happens, what options could I have?
I’m willing to cross my fingers and hope it at least recovers a bit… but I can’t seem to find a lot of news information
The stock is NLS Pharmaceutics (NLSP) if you care to look into it quick if you have a sec
Thanks guys.
Posted on 11/2/23 at 3:08 pm to yankeeundercover
Don't water your weeds.
A reverse split doesn't change the equity value of the company, it just reduces the number of shares traded to avoid getting delisted.
What was your original time horizon and thesis for the trade? Unless you think there is something that is going to move the needle, I would cut my losses before it goes to zero.
A reverse split doesn't change the equity value of the company, it just reduces the number of shares traded to avoid getting delisted.
What was your original time horizon and thesis for the trade? Unless you think there is something that is going to move the needle, I would cut my losses before it goes to zero.
Posted on 11/2/23 at 3:14 pm to yankeeundercover
Classic sunk cost fallacy, if you wouldnt buy today then dont choose to stay invested. What you paid is irrelevant. Take your loss and use it to offset gains elsewhere.
Posted on 11/2/23 at 3:18 pm to yankeeundercover
back in the height of the post-covid boom when almost everything was ripping, i put $600 into a company I knew was trash just to get 50,000 shares.
ive since lost my $600, but keep it in my portfolio as a reminder not to be a dumbass.
hope this helps.
ive since lost my $600, but keep it in my portfolio as a reminder not to be a dumbass.
hope this helps.
Posted on 11/2/23 at 3:22 pm to yankeeundercover
Somebody explain to me how investing does not equal gambling?
Posted on 11/2/23 at 3:27 pm to sodcutterjones
I stupidly have more of these than I would admit…. Going to sell a few soon to offset some gains this year and probably for a few years.
I was up on most at some point, lesson learned
I was up on most at some point, lesson learned
Posted on 11/2/23 at 3:53 pm to yankeeundercover
quote:
Or am I just being dumb and not selling and cutting my losses?
Yes.
Liquidate the stock and be done with it. We all have our bad decisions from the past. Learn from it. If you had that amount of money in cash today, would you use it to buy this stock? There’s your answer.
Learn to use Stop Loss orders.
Write down the parameters you’re going to use when you buy a particular stock. What percentage you’re willing to lose. At what price you’ll sell. The minimum or maximum time you’ll hold it. With these written down you can go back and refer to the rules you decided on.
Become a disciplined investor.
Posted on 11/2/23 at 4:05 pm to yankeeundercover
I'm going to be intrigued by any small pharma, and I was, until I noticed that I couldn't even find a recent earnings report for the company.
Yikes.
There's a legit chance this company can go to $0.00
From what I can tell, they have no revenue, no cash on hand, and are staying alive by loans.
Yet, their most developed drug is in Phase 2, which means no product revenue for a couple of years IF approved.
Yeah, there's no reason to invest in this company today as others have alluded to as a type of test.
Yikes.
There's a legit chance this company can go to $0.00
From what I can tell, they have no revenue, no cash on hand, and are staying alive by loans.
Yet, their most developed drug is in Phase 2, which means no product revenue for a couple of years IF approved.
Yeah, there's no reason to invest in this company today as others have alluded to as a type of test.
This post was edited on 11/2/23 at 4:11 pm
Posted on 11/2/23 at 5:09 pm to bayoubengals88
quote:
bayoubengals88
What’s your starting point for biotechs? Do you stick with a particular area within the sector?
It’s such a volatile and speculative space hard to know which small/mid size companies are executing well.
Then understanding pipelines is like a biochem class. For each company.
Posted on 11/2/23 at 5:30 pm to LSUcam7
Now days, I look for companies that target rare diseases and have at least one fda approved drug with cash on hand for 18 months or so and a minimal history of dilution.
MIRM is a great example and ALBO was a great example.
I’ve posted about both here.
Still hopeful for AKBA too.
MIRM is a great example and ALBO was a great example.
I’ve posted about both here.
Still hopeful for AKBA too.
Posted on 11/2/23 at 5:41 pm to LSUcam7
quote:Indeed. That’s why I don’t value pre clinical assets. I simply don’t know how.
Then understanding pipelines is like a biochem class. For each company.
Voclosporin being one of the few examples.
Posted on 11/2/23 at 5:50 pm to yankeeundercover
WeWork?
This post was edited on 11/2/23 at 5:51 pm
Posted on 11/2/23 at 5:58 pm to Grinder
quote:I thought I set one but I must not have done it right because they way I was setting it was expiring everyday and I had to keep renewing it daily.
Learn to use Stop Loss orders.
Is there a way to have an all encompassing “if the stocks drops to $Xxx.Xx, then sell until you cancel it?
Posted on 11/2/23 at 6:05 pm to yankeeundercover
To everyone thinking I’m just being foolish, this is my first attempt to frick with the market so I’m learning… unfortunately, like most things, hard lessons cost money.
It’s not even a lot of money I’ve got in play… like $1000 and I’d prefer not to lose it, but if so, lessons learned.
I’m just trying some different approaches to how I’m buying stocks… I did a little research on a company for months and turned a $40 investment into $380 and sold it… it spiked back down shortly after.
So I tried a similar approach with more stocks and more money on other stocks and it worked out positively on short returns so I tried it again and it doesn’t seem to have panned out unfortunately.
I guess I’m wondering because I’ve never been in this situation before is there any way it can or would turn around?
What types of things could happen to boost the value? Acquisition by Amazon type of thing? Ringing celebrity endorsements of their anti-narcolepsy medication?
What’s the biggest hail Mary possible?
It’s not even a lot of money I’ve got in play… like $1000 and I’d prefer not to lose it, but if so, lessons learned.
I’m just trying some different approaches to how I’m buying stocks… I did a little research on a company for months and turned a $40 investment into $380 and sold it… it spiked back down shortly after.
So I tried a similar approach with more stocks and more money on other stocks and it worked out positively on short returns so I tried it again and it doesn’t seem to have panned out unfortunately.
I guess I’m wondering because I’ve never been in this situation before is there any way it can or would turn around?
What types of things could happen to boost the value? Acquisition by Amazon type of thing? Ringing celebrity endorsements of their anti-narcolepsy medication?
What’s the biggest hail Mary possible?
Posted on 11/2/23 at 6:21 pm to yankeeundercover
quote:
Bought it at $4.30 2 years ago and it’s decreased steadily to $0.66 as of today
cryptobros: ONE OF US. ONE OF US. ONE OF US.
Posted on 11/2/23 at 6:25 pm to yankeeundercover
quote:Buyout for $1-2
What’s the biggest hail Mary possible?
Read my above post. There’s not a lot of hope for this company.
Posted on 11/2/23 at 7:24 pm to Shamoan
quote:
back in the height of the post-covid boom when almost everything was ripping, i put $600 into a company I knew was trash just to get 50,000 shares. ive since lost my $600, but keep it in my portfolio as a reminder not to be a dumbass. hope this helps.
This is the exact reason CATV is still in my portfolio. You know, the cable company that started selling Cannibus products and was supposed to sky rocket as soon as they got the name change but that couldn’t happen until they settled a lawsuit but it was definitely real and about to takeoff
This post was edited on 11/2/23 at 7:27 pm
Posted on 11/2/23 at 9:22 pm to yankeeundercover
Best you can hope for is another pump on BS news. Likely sees a big gap up, where they tap a shelf offering or warrants. $2.30s is best case in my opinion if that happens. Filings show they are out of cash too, won’t be surprised to see a gap up next couple weeks.
Posted on 11/2/23 at 11:05 pm to bayoubengals88
quote:Forgive me, is that a “company buyback” and it would be for $1-$2 a share? And that’s absolute BEST CASE at this point most likely. Like a 0.00001% chance to win even that opportunity?
Buyout for $1-2
This post was edited on 11/2/23 at 11:07 pm
Posted on 11/3/23 at 12:40 am to Shamoan
That's HMBL for me. Go AT! Got it above $5 and now it's at $.001
At TD Ameritrade, it'd cost me more in fees to sell it (not sure what Schaub fees are after acquisition), so I'm just holding it until it folds or shoots the moon.
At TD Ameritrade, it'd cost me more in fees to sell it (not sure what Schaub fees are after acquisition), so I'm just holding it until it folds or shoots the moon.
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