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Old 11-19-2008, 09:03 AM
 
1,570 posts, read 1,840,233 times
Reputation: 461

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Can i do anything different. I lost all my money in DVAX. I should have sold at 1.6 and taken my losts but I held. And then in ONE day I lost 85% of it all. Right now I am only invested in one corporation because that is all i have left. My stock is up 30% from the original price. Do I sell or hold? For those curious its SNTS or very willing to give me professional advice. Cuz I need it

http://i10.photobucket.com/albums/a126/inthishole/280677l.png (broken link)

Last edited by 60-minutes-II; 11-19-2008 at 09:09 AM.. Reason: for those curious:(
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Old 11-19-2008, 03:04 PM
 
5,538 posts, read 9,209,548 times
Reputation: 8020
Hey, you have done well with SNTS. How many people can say their stock is up 30% in this market? Well, it's down 10% today. Perhaps it's less than 30% now. Anyway, I have some questions for you.

Are you a trader or an investor? In other words, how frequently do you buy and sell?

How much is your holding in SNTS worth relative to your total account? For example, is it 20%, 40%, or 50% of the money you have in your account?

Last edited by davidt1; 11-19-2008 at 03:17 PM..
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Old 11-20-2008, 06:27 AM
 
1,570 posts, read 1,840,233 times
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Quote:
Originally Posted by davidt1 View Post
Hey, you have done well with SNTS. How many people can say their stock is up 30% in this market? Well, it's down 10% today. Perhaps it's less than 30% now. Anyway, I have some questions for you.

Are you a trader or an investor? In other words, how frequently do you buy and sell?

How much is your holding in SNTS worth relative to your total account? For example, is it 20%, 40%, or 50% of the money you have in your account?
No, its 98%. I literally lost all my money in DVAX. I trade when I either lost much of my money or when I believe its a good time to sell. I think SNTS its going to be a very good growth stock for me. Probably by the next earnings date I will sell. Which is going to be around march.
Yeah its like 20% right now.
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Old 11-20-2008, 07:05 AM
 
Location: Fort Myers, FL
1,286 posts, read 2,755,700 times
Reputation: 249
i moved all my money into regions financial group a few months back. it was up 40%, but its down to 27% as of today. forced liquidation is taking its toll. but i am going to stick it out with them.
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Old 11-20-2008, 05:31 PM
 
939 posts, read 3,224,017 times
Reputation: 619
Your post reading chart looks better then mine.

http://pics3.city-data.com/forum/dat.../9/169070l.png
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Old 04-04-2010, 12:06 AM
 
Location: Troy, Il
764 posts, read 1,477,901 times
Reputation: 529
Im confused, if you lose all your money in that stock, then why sell? Maybe it will come back, maybe it wont, but your losses are final. Thats why you should only invest money you can afford to lose, that way you can litterally afford to be patient.
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Old 04-04-2010, 10:08 AM
 
3,553 posts, read 7,329,918 times
Reputation: 2340
You have no business with all of your "investable" capital in ONE stock, or TWO, or THREE, or FOUR.

IIRC it takes over 20 stocks, maybe over 30 in order to eliminate SINGLE STOCK risk. The average person should be in stock mutual funds, not single stocks, unless they have invested to eliminate single holding risk.

I didn't bother looking up to see what stocks you held, it doens't matter. Maybe if you held Staples (I think it's Staples that's shot up this year) it would be fine, but I know too many people who owned telecom stocks and watched them go from $80/share to ONE DOLLAR/share.

NOTICE. I don't strictly follow the above advice. I currently hold several stocks but I've owned them since the '80s. All of these were acquired prior to my learning the above lesson, since then I've purchased only ONE individual stock, it double in about 16 months and I sold ONE HALF of it, so I own it at ZERO, one is trading above $70 and I own it at a split adjusted $0.97/share, 4 of the others are up, one is down, but I don't have enough in either of them to make a difference in lifestyle or how well I sleep at night.
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