I currently sit on about a $20,000 loss. Wondering if I should average down here or just cut the cord. Chipotle looks to be bouncing back and they only sell tacos and stuff.
Part of me says someone will take them out at $40, but part of me says this company is done, put a biodegradable fork in them.
its a better deal to cash out and write off the losses than to stil and hope (haha) itll be worth more than the price purchased at. even if they were grants..not only do you write off the losses, it was initally bought at a discounted price, so that factors in too. i did it last year when i got laid off. it made up the difference of the extra i had to pay in taxes on that fat severance check.
I am a long time employee sitting on a ton of worthless shares.me and an astl joke about his 0.00 stock value..and astl get a ton of sharea granted every year.
Do you see things improving over next 24 months
Firstly, you could claim your losses on your tax return. In so far as this ticker going north, NOT a chance. This company is dead. Look around you and see what's happening. WFM has not comped in their last 9 quarters and whether they will in the next 9 is highly doubted. They think that 365 will throw a life-line, not a glimmer of hope. I am in your shoes holding this worthless bag!