Originally Posted by Czar Chasm
I bought this heavily for some stupid reason and I'm losing my shirt. I really do hope you're right HSF...
I mean how much lower can it really go? That's what I tell myself every day, then I go look and see it's down another 4%
I lost some money on ZNGA too playing it on the FB IPO. I sold it at $7.25ish for an 8.5% loss.
Just wanted to heed warning that the "how low can it go" philosophy isn't a great investment strategy. It's almost always better to keep a stop loss and protect your capital. Another opportunity is always around the corner. The problem with buying/holding into a down trend is that it is near impossible to see when the end is in sight.
I don't know where you got in this thing, but you might want to consider picking a price where you are willing to cut your losses.