Originally Posted by
pierre
Nobody likes seeing this kind of destruction of the SP for any company but it's not quite so bad if you hold a variety of stocks over which you can share the pain and have sufficient courage and patience to stay on the roller coaster.
The plunge in ATM today has been offset substantially by other gains so there has been only a 0.7% reduction in my total portfolio today - and I wont be selling into the panic following this announcement. The business is not stuffed and the SP will recover - one day. To be fair I've been holding since 2017 and my average cost is around $9. I'm currently on the right side of the SP and can afford to be a bit sanguine but I do feel for those who bought in at much higher levels.
Once again, attitude depends on whether you're a trader or an investor - and I'm definitely the latter.
Meanwhile HGH, IFT, MCY, OCA, PEB RYM, SCL, SKO, SPK, SUM, TRA, XRO & others in my portfolio have all had their share of rock 'n roll on the roller coaster but are humming along OK right now and not keeping me awake at night. (Good article in NBR about PEB today too.)
I'm not gloating - I don't enjoy SP dives - but do try to be philosophical when danger strikes, as long as it's not across the board!
Bonne chance to all.