Another long outJustI've been holding a position with CXR for quite sometime now. Average with $30 a share.
I'm an average investor. Just starting out to be honest, although I had a small position compared to most of you. Only 200 shares. I've held Cxr through both upswings to $42 and $45. Made the biggest mistake not selling, I've learned my lesson and it showed me that It can fall just as fast as it rises.
I've been reading the board daily and was very close to selling yesterday, but as a newbie investor I made the worst decision and held over earnings hoping for a short squeeze. But I've learned that when shorts are 12mil or 30% of float. Something has to be up. With cxr I picked faith over numbers. And numbers ended up winning. Won't be making that mistake again.
I finally sold my position at $15.50 a share earlier this morning and it was the best feeling. Getting the stress of my shoulders and doing something other than checking my phone and the board for news on the stock.
My advice to anyone like me is just get rid of your position. The stock really isn't worth it. The volatility will make you sick to the stomach and the stress isn't worth it. If you are average joe like me. Don't mess with stocks like Cxr, stay with "safe" portfolio and earn modest returns. Money isn't suppose to come fast and easy but more overtime. Cxr has put me back to 0% ytd from about 30% ytd.
I hope the shorts win with Cxr cause they honestly deserve it. Seeing what most longs couldn't see such as myself.
There is better stocks for your money but glta still holding and believing.