Yegor's avatar
$183.6m follower assets
What stock do you currently own that been “a loser” for the longest time that you have not sold yet? 🤔
I’ll go first : $OPFI
Ben's avatar
The Thinking Investor's avatar
@rpinvestments that’s my biggest loser, besides $BHC. I have no problem
Holding on to Alibaba, unlike Bausch.
Christian's avatar
LCID not that much of a loser I just own a lot of shares which makes it a loser right now lol. Let’s hope earnings later changes this
Yegor's avatar
@christian7621 is it really 77% of your portfolio?
Jared Watson's avatar
@christian7621 77% is such a power move. Do you have other accounts or is that your real weighting?
Christian's avatar
@from100kto1m probably close to it. For some reason not all my stocks and shares are connected into Commonstock but I own a lot of lucid because I owned it for the past year. It’s been one of the companies I’ve followed since the beginning. Yes I bought too much but I’m kinda just chilling not adding just believing in them. Adding to everything else I love know that. When I first started investing I tried to do one hit wonders which is why I own so much of lucid. And no I don’t wanna give up on them just wanna add to my other growth names now that I own and love. Like they say it takes time to figure out your own way to invest and in the beginning I wasn’t right. But the past 6 months I’ve been adding to a lot of my other favorite stocks that I have been studying
Jared Watson's avatar
@christian7621 nice man. Like Buffett said, “Diversification is protection against ignorance. It makes little sense if you know what you’re doing.”
Christian's avatar
@wjared if you look at the comment I sent to yegor it explains why I own so much. Idk about a power move but it’s a company I know so so much about. I am very over weighted I know that and I have been adding to my other names alot. To be honest I realized it takes me a while to fall in love with a stock. After lucid I’ve done research on Spotify and Nvidia for the longest time. Also own Airbnb and PayPal to round out my growth names. Also own alot of dividends. But my logic is a small concentrated portfolio 10 names that you truly know and love is how you get rich. Just so happens I own so much lucid but you’ll see me bringing the percentages up in my other names
Christian's avatar
@wjared exactly. I truly believe it’s best to own less than more. 10 stocks it’s all I’ll ever own if I truly believe in all 10 companies. People with 20 or 30 names in there portfolio that may work for them but it makes no sense to me
Jared Watson's avatar
@christian7621 agreed, I don’t feel comfortable tracking that many companies either
Christian's avatar
@wjared idk how you can track more than 10 lol. Like there’s no way if you own 30 names you can truly follow the company and understand everything there is to know which is what I like to do. The last 24 hours I had 4 stocks report and still one to go this afternoon in lucid. I’ll be reading those reports for the next few weeks lol
Joey Hirendernath's avatar
$ETSY for me
Conor Mac's avatar
@joeyhirendernath Why do you still hold it?
Joey Hirendernath's avatar
@investmenttalk I have a very small position so I don't see any downside in letting it sit there in terms of opportunity cost. It's more so for me to have skin in the game and to be invested enough to follow the company. If it turns out to be a winner my learnings about the company would be a worthwhile in terms of investing takeaways
Nathan Worden's avatar
Invitae $NVTA but I just sold it recently. I used their service to get a genetic test done and could see the clinical value. But they just burned to much money and the market isn't quite there yet. Was down like 94% and the position was negligible but finally decided to let it go and see how they regroup after the CEO left.
Hedge Vision's avatar
Conor Mac's avatar
@hedgevision double ouchies :(
Ben's avatar
@hedgevision welcome brother to the $BABA ownership box. I bought right before the CCP decided to place Jack Ma on house arrest
Conor Mac's avatar
@rpinvestments i am sure they just kicked him out of Ant too, right?
Ben's avatar
@investmenttalk yep. That can be seen as a good thing. Maybe they’ll let ANT IPO which should unlock some shareholder value
Conor Mac's avatar
@rpinvestments pardon my ignorance here, how can that be seen as a good thing?
Ben's avatar
@investmenttalk Jack Ma spoke out against the CCP, how they inhibited innovation etc. CCP then shelved ANT IPO the next day. Put Ma on house arrest. And has been generally not nice towards the tech sector since. BABA had to changes some policies and pay 2 large fines. ANT had to change some things also. And finally CCP wants Ma to not control BABA and ANT. All these concessions will hopefully allow ANT to move forward with its IPO again
Kenny Nielsen's avatar
I only have $DDOG left. Still at -30% although it went up recently
Yegor's avatar
@dk.usinvestor planning to hold it for long time?
Kenny Nielsen's avatar
@from100kto1m medium term for me.
Joshua Simka's avatar
@dk.usinvestor $DDOG is up nicely in just the past few days :) (I am long $DDOG)

Kenny Nielsen's avatar
@tomato let’s see how our posts age 😉
Nick Garcia's avatar
$CYN , more of a long term play i'd say.
Conor's avatar
$NU currently trading at $4.32 my cost basis is $10.62

Down 59.13%

Thank you very much!
Yegor's avatar
@conorvalue don’t ask about $OPFI 😭😭
Benjamin Buchanan's avatar
MMMMMEEEEEETTTTTTAAAAAAAA!
Jensen Butler's avatar
Longest time under water? $ME for me. But losses marginal bc small position. Bought during the SPAC craze which also coincided with the Genomics boom..recipe for disaster as it fell precipitously and showing little signs of a pulse now
Eric Messenger's avatar
I bought $COIN last August and added regularly all year and will continue to do so. Nothing has changed except others’ expectations😉
Yegor's avatar
@wall_street_deebo management still owns a lot of the co
Dabin Choi's avatar
I had HIVE and RIOT, which I didn't sell until I lost 70% on each. I bought HIVE again
Conor Mac's avatar
$PLBY ...............
Yegor's avatar
@investmenttalk if it makes you feel any better I bought playboy tshirt a few weeks ago 😅 from their website
Conor Mac's avatar
@from100kto1m From their website? Mad props for that haha. Thank you for your custom.
Conor Mac's avatar
@from100kto1m I agree, looks very suave :)
Conor's avatar
@investmenttalk have you not sold any of your position in $PLBY?
Conor Mac's avatar
@conorvalue Not a single share. In fairness, it's ~2% of total assets. Which is still probably too much.
Conor's avatar
@investmenttalk I can picture you as the Playboy Group's CEO someday
Conor Mac's avatar
@conorvalue I would take it private, then IPO it again the next time the market gets wild, lol.
Rihard Jarc's avatar
Unfortunately $META. Back to 2017 levels.
Yegor's avatar
Rihard Jarc's avatar
@from100kto1m Yeah crazy drawdown this year.
Dollars and Sense's avatar
$BBBY At once time nearly 15% of my portfolio, Now just 1%. Not all loss though sold down to 7% and have held since then.
Conor Mac's avatar
@dollarsandsense what was the original thesis and what broke down?
Dollars and Sense's avatar
@investmenttalk the original thesis revolved around Mike Triton. Hand picked by three fairly well known activist investor firms who wanted to replace BBBYs CEO for underperformance.

Triton was perfect. Just got done completely overhauling Targets entire in house brand department as well as refreshing the online shopping experience. Tons of experience everywhere in retail. Might as well put him in $BBBY to fix the place up.

It started out tremendous. Four new in-house brands a completely new look for the stores, refreshed online shopping experience, selling off non-core assets. Also handling 2020 was a breeze and BBBY had faster online sales growth then any other retailer anywhere apart from Best Buy for a quarter.

BBBY had tons of extra cash from asset sales and instead of fixing supply chain stuff and making the shopping experience better Triton decided to buy back about 50% of the outstanding shares in 2 years. Wasn't a great plan.

Now $BBBY is out of cash and is piling on debt to reorganize and continue the store refresh idea. I sold the majority of my position when BBBY announced their partnership with Kroger. While it was great news and caused $BBBY to go up 100% the next day i figured it wouldn't last long.

I wanted to wait one more quarter to see if things would worsen before cutting the rest of my loses. Triton announced he was stepping down and now there is a glimmer of hope again. I'll keep my shares until i reevaluate and see who the new CEO is.
Eric Messenger's avatar
So, earlier today $COIN was down most in my portfolio. Now, after today’s run up, it’s about 4th from the bottom. Makes a big difference when it’s the largest holding 🤣
Joshua Simka's avatar
My absolute worst so far I think is a company called NMC Health, a healthcare chain in the UAE which trades on the London Stock Exchange. It seemed to be a great, asset-rich company and for a while was a great stock. After a financial scandal though, the shares were halted while the company was placed in "administration" and a reorganization is still underway, years later. I still technically own the shares and they appear in my brokerage account, but they're not hosted on any exchange and there's no way to quote or trade the stock while we await the outcome of the administration process. After all is said and done and the banks (who in this situation likely take precedence over minority shareholders) get theirs, I except my shares to most likely be worth $0. Still good for a tax loss though.
Investor from Nepal 🇳🇵's avatar
$JPM - now the top loser 🤭

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