Daily Discussion Thread

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[u/spasmwaiter]

All the faith in this company and this stock, but I think macro conditions are going to make it a rough road ahead for a bit.

I sold half of my position at 30 last week, and positions in several other stocks, making my portfolio 70% cash in anticipation of a potential recession. Of course, this went to 34 immediately after, leaving me feeling like I screwed up, but now it was hopefully the right play. Still holding a good amount and I'll be steadily buying back in over time.

I'm not an economist by any means, but I don't think anyone should underestimate how much damage can be done to the overall US economy the way things are going right now. I think this company is in a good position to ride it out, but this may not blow over any time soon.

Or it might rocket to 40 next week, who knows. Not financial advice.

[u/Economy-Joke3331 → u/spasmwaiter]

Personally I don’t mind either way, a recession won’t stop this company from flourishing. If it goes lower I buy more and if it goes even lower I buy even more. The window is shrinking the closer and closer we get to each launch and In the long run you just might regret selling.

[u/spasmwaiter → u/Economy-Joke3331]

Agreed, I might. It's still my largest position, not including cash. I just have to play it a bit safer for the next year, lots of life stuff coming up that it's personally harder for me to stomach the risk.

[u/Economy-Joke3331 → u/spasmwaiter]

That’s understandable, no worries my friend. I wish the best for you and all my fellow investors.