re: Bought into a sinking ship stock

quote:

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Sometimes losses can be helpful. Could you use the losses and then reinvest that money somewhere else?

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There’s that, and also, the OP and every investor and/or trader needs to learn how and when to accept a loss. The people we’ve seen on this and other forums who say they’d rather see their position go to 0 rather than take a loss are destined for failure longer term. One session I sat in at the investment conference last week hammered this point home.

Hoping and praying for a white knight to come in with $ to prop up a shell company is just fantasizing and a waste of time IMO. If after years of waiting, the fundamentals have done nothing but deteriorate, why still be in that position?