RedditPP Mascot

RedditPP

r/stocks • … • u/TastyTaco217

Should I take the loss and sell my $ROO shares? What are we thinking?

So yes before we start I’m an idiot. A loss-making company in a highly competitive industry, that is one of the few companies that may suffer as the economy opens up and I took the bait and got in on the ICO, thinking I could flip it for a quick profit. Luckily I only took the lowest allocation available so there’s a small silver lining.

The stock is currently down 40% from ICO with no good news on the way, is it worth just taking the loss now? My personal sentiment has changed on the company so I no longer see this as a great investment opportunity, especially after the now clear overvaluation of the ICO. What are your perspectives on this situation?

— 0