So I bought into a stock that in hindsight I probably shouldn't have, a long time ago.
Not really knowing what I was doing, it went down, and I assured myself that I was an 'investor' so I would just hold (sound familiar?). It's been sitting at the low price virtually unchanged for a very long time.
It has good announcements occasionally, like they have made an agreement to sell their product through a large company, but it seems like they just keep re-releasing the same facts every few weeks and trying to spin it into 'new' information. The market sees the info, it might go up 3%, but the next day it will be back at the old price.
So this small biotech isn't dead, and one day it might be something bigger....... but how long does one wait? What would you do if you had a dog like this in your portfolio?
Looking at my position summary today I saw it, and thought I may as well just sell it and forget about it, and consider that loss my lesson/reminder of what not to do ever again.
Then I thought, since it's not going anywhere, I may as well just hold onto it and maybe one day I'll check on its price and it will be moving upwards.
What's your 'dog' strategy?
I've withheld the name of it to make this a generic thread about how to deal with bad decisions, but I don't mind saying what it is if anyone actually cares.