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Started By
Message
Should I just dump MARK for a loss?
Posted on 7/7/20 at 8:41 am
Posted on 7/7/20 at 8:41 am
This stock sucks
8
Posted on 7/7/20 at 8:48 am to Civildawg
where did you get in?
Posted on 7/7/20 at 8:52 am to Champs
3.00
Posted on 7/7/20 at 8:56 am to Civildawg
Yeah, John is better
Posted on 7/7/20 at 8:58 am to castorinho
I'm a Luke fan myself
Posted on 7/7/20 at 9:10 am to Lee Chatelain
I sold It yesterday on a whim and then the bottom fell out. Just luck on timing.
This post was edited on 7/7/20 at 9:11 am
Posted on 7/7/20 at 11:03 am to Civildawg
Depending on your average price I wouldn’t. I’m in at about 2.73.
Yesterday’s sell off was, frankly, absolutely ridiculous. This being down 25% today is nuts. I think some people saw some initial bad comments about the call and those proliferated with a quickness leading to mass sell offs. People already planned on selling before/into the call and it just snowballed.
I had intentions of greatly lowering my position for now but the price never hit high enough that I wanted to risk getting stopped out.
Q1 results actually beat projections but they were lower than Q1 2019 so everyone freaked. Q2 results should be pretty great considering all of the installs we’ve already seen. Shing mentioned yesterday they require 50% up front as well.
TLDR I’d at least hold until the Q2 call. There’s a lot more anticipation and good news expected there. I’m not selling right now.
Yesterday’s sell off was, frankly, absolutely ridiculous. This being down 25% today is nuts. I think some people saw some initial bad comments about the call and those proliferated with a quickness leading to mass sell offs. People already planned on selling before/into the call and it just snowballed.
I had intentions of greatly lowering my position for now but the price never hit high enough that I wanted to risk getting stopped out.
Q1 results actually beat projections but they were lower than Q1 2019 so everyone freaked. Q2 results should be pretty great considering all of the installs we’ve already seen. Shing mentioned yesterday they require 50% up front as well.
TLDR I’d at least hold until the Q2 call. There’s a lot more anticipation and good news expected there. I’m not selling right now.
This post was edited on 7/7/20 at 11:04 am
Posted on 7/7/20 at 11:17 am to Brettesaurus Rex
LINK
Also, check that tweet out. That call second week of August will be huge. Would absolutely hold until then at a minimum.
Also, check that tweet out. That call second week of August will be huge. Would absolutely hold until then at a minimum.
Posted on 7/7/20 at 11:45 am to Brettesaurus Rex
agreed. I am a hair under $3 so today hurts but this was a long play. They are everywhere it seems
Posted on 7/7/20 at 12:39 pm to DawgCountry
I thought hard about pulling the trigger on selling once it hit 2.75 but it literally only did it twice and stayed there for like 5 minutes. So the decision got taken out of my hands pretty quick 
Posted on 7/7/20 at 2:16 pm to Civildawg
You can try the “buy high / sell low” strategy, but I haven’t had much luck with it.
Posted on 8/14/20 at 3:27 pm to Civildawg
MARK fans, what are your feelings over the
Next couple quarters? I started a position today at 1.33 after the miss.
Next couple quarters? I started a position today at 1.33 after the miss.
Posted on 8/14/20 at 4:22 pm to Civildawg
S T O N K S!!
As El Pres says:
“MARK is the WOAT”!
As El Pres says:
“MARK is the WOAT”!
Posted on 8/14/20 at 8:53 pm to PotatoChip
I hate myself for buying this stock. Good thing I can offset this with gains in other stocks
Posted on 8/14/20 at 10:29 pm to Civildawg
I don’t know, but I think selling losers is one of the most underrated plays one can make for a couple reasons.
That money can then be used to buy a “winner” (or at least a better chance of winning) instead of being stuck in the sink cost fallacy. In addition, those losses can be harvested and used to offset gains and/or income to save (at least defer) taxes.
For me, if my portfolio is going to get a specific return (say 10%) either way, I would rather have a few losers that lost say 5% of the total value (while the rest increased it by 15%) than have all winners.
That money can then be used to buy a “winner” (or at least a better chance of winning) instead of being stuck in the sink cost fallacy. In addition, those losses can be harvested and used to offset gains and/or income to save (at least defer) taxes.
For me, if my portfolio is going to get a specific return (say 10%) either way, I would rather have a few losers that lost say 5% of the total value (while the rest increased it by 15%) than have all winners.
This post was edited on 8/14/20 at 10:34 pm
Posted on 8/15/20 at 9:09 am to buckeye_vol
quote:
For me, if my portfolio is going to get a specific return (say 10%) either way, I would rather have a few losers that lost say 5% of the total value (while the rest increased it by 15%) than have all winners.
Unless, you know, if you have even more winners making more money.
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