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re: My Bag is doing reverse Split....Sell or Hold?
Posted on 11/19/23 at 5:39 am to Barrister
Posted on 11/19/23 at 5:39 am to Barrister
quote:
Any thoughts?
You have a lot of shares (or did prior to reverse split). Probably should’ve been selling covered calls to generate income and reduce your ASP while it was in free fall.
If they have decent management maybe it can turn around a bit during the restructure, but the odds aren’t great.
If you think it can turn, sell some OTM not too far out calls on up days and you can chip away at the loss.
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