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My stock was worth roughly 75k in the 5 months after they laid me off. With my insider knowledge, I said, "fuck it. Let it ride." Then it started dropping... And it just kept going, culminating in a 25% drop when we had that stock scare a few weeks back.
It is now worth 25k. I've lost 50k on this shit because I was too stupid to sell after watching it precipitously drop over one whole year.
The company was launching quite a number of initiatives to diversify it's portfolio, and also to move toward a unique platform model that could drive growth. I don't know what the status of those projects are, but they were fairly unique.
No other companies in this space have suffered anything like the drop at my former company. That company in particular is fucking things up.
I guess I'm just asking... When do you guys know to cut your losses?
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- 2 months ago
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