I can’t wait to see if my car company can dig itself out of the hole it is in.
I bought 10K shares of this stock a couple of years ago when it was at $20 a share and have patiently watched it erode all the way down to 22 cents a share because of production delays and financing problems.
So now do I sell? No way. All I can do is hold now and hope it rebounds, as they are finally building cars and hopefully going to start making money finally. My $200K is down to $2K, and HVAC tech work is back on the table as I can’t touch that money for probably years to come. I wish I never bought the stock but it is too late now to turn back, so now I just have to wait and hope. I worked for a long time in the heating and cooling industry to make that money and am not going to lose it this way, so I’ll just keep my head down and keep doing my ductwork cleaning jobs and a/c filter sales and see what this car company is made of. I really don’t think they are going to let 10 years of work and billions in loans just slip out of their hands without a fight, so now it comes down to patience and more patience. My HVAC rep dad always told me that I gotta learn to relax, so now I am heeding his advice and relaxing while I just do my cooling technician jobs each day and let time float by.