Bought into a sinking ship stock

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.

Somebody explain to me how investing does not equal gambling?

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Or am I just being dumb and not selling and cutting my losses?

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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.

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bayoubengals88

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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.

WeWork?

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?

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What’s the biggest hail Mary possible?

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Buyout for $1-2

Read my above post. There’s not a lot of hope for this company.

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.

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.