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Time to sell Ubiquiti?

Posted on 3/22/24 at 12:38 pm
Posted by HagaDaga
Member since Oct 2020
6005 posts
Posted on 3/22/24 at 12:38 pm
Hi…I bought some UI late last May ’23 in the $160 range after there was a major drop from $230 range in early May. Now it’s in the $110 - $115 range. With my 1-year mark coming up soon I’m wondering if it will come up and if I should sell.*

I know they had some major security issues, plus supply chain issues, which I believe caused the big drop, so any chance of them getting thru this situation eventually and going up? I don't have much, and I’m not needing the money I will get back from selling. Is holding out for a while a good call at all?

With such a big drop from $350ish high back in 10/22, I’m wondering if they are going to end up just closing down. I don’t follow tech like theirs, so not sure if there is something there I’m missing.

If it matters any, Fidelity has them at a .7 Bearish. Four for Neutral, 1 @ Bearish, and 1 @ Very Bearish. Last I looked a month or so back I believe it was more neutral to light bullish. The price was in the high $120 - mid $130 range.

*Note: Thinking about it is there a difference between selling at a lost pre-1yr vs post 1yr?

Hope this makes sense, and please bear with me as I’m still a newb trying to learn things. TIA!
Posted by notsince98
KC, MO
Member since Oct 2012
21412 posts
Posted on 3/22/24 at 12:47 pm to
quote:

Hope this makes sense, and please bear with me as I’m still a newb trying to learn things. TIA!


Given this, I think one piece of advice is that buying high and selling low is a risky strategy.
Posted by HagaDaga
Member since Oct 2020
6005 posts
Posted on 3/22/24 at 12:55 pm to
Yeah well that wasn't the plan obviously, as I thought I was buying low at the time. Is what it is, so just wondering if I should cut my losses as there is something out there about them that I don't know, and they will just keep going down.

It's all a learning experience no doubt.
Posted by HagaDaga
Member since Oct 2020
6005 posts
Posted on 4/3/24 at 1:21 pm to
I'm wanting to bump this to see if anyone on here has any insight this. Thx.
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