TheMilkyWay
2022-10-08

$Novavax(NVAX)$JOKE COMPANY! [Anger] [Anger] [Anger] Finally decided to offload my remaining $Novavax(NVAX)$stocks. Wanted to close position when it was $35 about a month ago but I still stupidly held onto the believe that maaaaybe there would be a miracle. I mean closing position at $35 wasn't going to get me back much money away so let's just take the gamble. Luckily I sold a good portion monthssss ago when I was down around 60-70% because I knew the likelihood of me even just breaking even on a stock that's not blue chip & that has been down that much was very low. But I still thought even though the world has learnt to live with Covid, a major resurgence can happen again anytime as we get complacent so Covid vaccines weren't going to become unnecessary anytime soon so I held on to a small portion of my shares. Obviously, I was wrong. I saw the stock price plummet further to $35 then now to$16. And I have finally given up ALL HOPE because it's not just macroeconomics that's affecting the stock price, the company's management clearly has a huge problem. It's not gonna bounce back. Too late into the Covid vaccine game. AND management s*cks to the core. If it does bounce back then it's most probably just investors playing the stock. I know it's quite pointless to close position only now but even if I just get back $100, I'm glad. At least can still add 1 Alphabet stock to myholding [LOL] 

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Comments

  • Frodo555
    2022-10-08
    Frodo555
    Tough choice but you did it. I can’t find the courage to do it but I will accept the conse quences. [Cry]
    • Frodo555ReplyTheMilkyWay: 
      Yes definitely wilk hold the blue chips though i do sell and buy a few times to cover losseson my growth stock. It is a tough ride buddy [Cry]
    • TheMilkyWay: 
      Yeah, depends on how you look at it, it could be pure stupidity or smart to run before it goes to $5. Im just so tired of seeing all the red in my portfoilo. I wont do the silly thing to sell my
    • TheMilkyWay: 
      bluechips/ strong conviction stocks during bear market but NVAX I was ready to let go already. Gave it one too many chances.
    • bernardtayet: 
      Noted.
  • Remotecam
    2022-10-08
    Remotecam
    There's time to hold and there's time to let go and rebuild.  Your choice is always the right choice because it's yours.
    • TheMilkyWay: 
      You are right. I just dont know when to hold & when to let go. I actually dunno anything [LOL] So i had to pay this “tuition fee”.
  • SullivanRrr
    2022-10-08
    SullivanRrr
    hug hug [Comfort] you should do it a little bit earlier though
    I also lost much on $AMD(AMD)$ , around 30% [Cry]just offloaded today
    • SullivanRrrReplyTheMilkyWay: 
      there's a risk rule, never lose more than 2% of your account on each trade... I've already lost 10%...  so I must cut my loss [sick]
    • SullivanRrrReplyTheMilkyWay: 
      I'm just gonna step aside and wait for a while... got too much capital on it before [Gosh] you can't put too much on a single stock. Risk management and diversification is the key
    • TheMilkyWay: 
      Btw im down 43% on AMD but i believe in it. It will return to peak in months. Unlike Nvax that I totally have no more hope for it [LOL]
    • TheMilkyWay: 
      running instead. So I dont know if I made the right decision. Guess time will tell. But i could have added slowly on strength/ rebound so not so painful if it really goes to below 40.
    • TheMilkyWay: 
      slowly. Cos I believe in semi-conductor industry is a great longterm investment & I like AMD management. So when it finally reached 58 yesterday I DCA-ed. I didnt add a lot. But it seems many are
  • LWayne
    2022-10-08
    LWayne
    not an easy decision to do it at now...  tough tough 💪
  • AhBart
    2022-10-10
    AhBart
    Sad story 🥲 . Drown yourself with a 🍺, then wake up and start all over again afresh 💪🏽. The world is filled with abundance opportunities….go catch the rainbow 🌈
  • patricklowck
    2022-10-10
    patricklowck
    wow it a big loss in value, hope it is not too much of holdings
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