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Message
I'm caught in the Target death spiral.
Posted on 7/17/23 at 9:13 pm
Posted on 7/17/23 at 9:13 pm
I bought 600 shares of this stock at 163 that last week of May since it seemed decently stable with a decent dividend.
June's crap hit and it's hit a death spiral and flattening out in low 130s.
This has to be my worst buy ever. Just to get my money out of this thing I'm guessing I'm holding this until March 2024, if I'm lucky.
What an absolute disaster this turned out to be.
June's crap hit and it's hit a death spiral and flattening out in low 130s.
This has to be my worst buy ever. Just to get my money out of this thing I'm guessing I'm holding this until March 2024, if I'm lucky.
What an absolute disaster this turned out to be.
17
Posted on 7/17/23 at 9:35 pm to DiamondDog
HODL
Posted on 7/17/23 at 9:48 pm to DiamondDog
I'd say if you have almost $100k to put in a single stock you can't be hurting that bad?
Posted on 7/18/23 at 4:27 am to DiamondDog
quote:
worst buy ever.
I’ve done worse.
It happens.
Road Colonial Bank to 0.
Posted on 7/18/23 at 5:38 am to DiamondDog
yeah not that big of a deal if you dont sell. You never lose money in stocks unless the company folds or you sell. i just view stocks as a long term investment.
Posted on 7/18/23 at 7:25 am to DiamondDog
If you didn’t already own it, would you buy 600 shares in the 130s with a 2.4% dividend?
However you answer that is what you should do.
However you answer that is what you should do.
This post was edited on 7/18/23 at 8:32 am
Posted on 7/18/23 at 7:29 am to DiamondDog
quote:
What an absolute disaster this turned out to be.
What changed in the business that you no longer want to hold the stock?
Posted on 7/18/23 at 7:59 am to DiamondDog
quote:
This has to be my worst buy ever. Just to get my money out of this thing I'm guessing I'm holding this until March 2024, if I'm lucky.
I’m not up or down voting your post. But I will ask what your goal was when you bought TGT? Was it a longer term investment or a shorter term trade?
I know it sucks either way, when a stock sinks right after you’ve bought it. But unless you were trying for a swing trade or something similar, or unless you think something has fundamentally changed with the company, it’s not something I’d really worry about.
Posted on 7/18/23 at 8:08 am to DiamondDog
quote:
I bought 600 shares of this stock at 163 that last week of May since it seemed decently stable with a decent dividend.
June's crap hit and it's hit a death spiral and flattening out in low 130s.
This has to be my worst buy ever. Just to get my money out of this thing I'm guessing I'm holding this until March 2024, if I'm lucky.
What an absolute disaster this turned out to be.
Do you have entry/exit rules?
What % of your portfolio is your TGT holding?
Posted on 7/18/23 at 8:10 am to Jag_Warrior
Worse than that dog Verizon?. In at 54, now 31-ish. luckily just a few thousand
Posted on 7/18/23 at 8:13 am to DiamondDog
Anecdotally, I went into Target a few times in June in several different cities in Louisiana (Mandeville, Baton Rouge, Shreveport) to see how the boycott was going. I had K-Mart vibes in the stores.
Stores were largely dead and foot traffic was very low. Target is going to need to start closing its stores in red states, I think, and just concentrate on more profitable locations in blue states.
Also, the cherry on top for me was the transgender checkout “girl” named “Amanda” at one of the Target’s I went to. Pretty much on brand, I guess.
Stores were largely dead and foot traffic was very low. Target is going to need to start closing its stores in red states, I think, and just concentrate on more profitable locations in blue states.
Also, the cherry on top for me was the transgender checkout “girl” named “Amanda” at one of the Target’s I went to. Pretty much on brand, I guess.
Posted on 7/18/23 at 9:53 am to Riverside
Why are we boycotting Target?
Posted on 7/18/23 at 10:06 am to tigerfoot
quote:
Why are we boycotting Target?
Posted on 7/18/23 at 10:22 am to Fat Bastard
I am 100% serious. I dont keep up with stupid shite, and boycotts for me fall under that category. How did they offend us? I have been boycotting them for about 15 years, so I am ahead of the game.
Posted on 7/18/23 at 10:36 am to tigerfoot
Went prior to covid after a roughly 15 year hiatus. I'd received a slickdeals tip on pit boss (memory?) pellets. No one in the store knew where they were. Apparently pellets weren't a stock item at my local target. They did sell about 1/4 of their parking lot and a restaurant was put in.
Posted on 7/18/23 at 10:45 am to DiamondDog
i think you have learned a valuable lesson to never buy tranny stocks.
i could have saved you a bundle if you had run that by me earlier.
i could have saved you a bundle if you had run that by me earlier.
Posted on 7/18/23 at 10:45 am to DiamondDog
quote:then I wouldn't sweat it, you're doing VERY Well if this is your worst
This has to be my worst buy ever.
Posted on 7/18/23 at 11:27 am to Shamoan
Posted on 7/18/23 at 12:33 pm to Jmcc64
quote:
Worse than that dog Verizon?. In at 54, now 31-ish. luckily just a few thousand
$34 a share in 2006. $32 a share in 2023.
Posted on 7/18/23 at 2:41 pm to DiamondDog
FHN at $17.
Then crashed almost 50%. I realized heavy in the 9s.
My break-even is $13.20
Almost there!
Then crashed almost 50%. I realized heavy in the 9s.
My break-even is $13.20
Almost there!
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