Who were those geniuses here recommending pfse as a buy and hold since it was 7 dollars ? I’m down like 60% on my position. and yeah people still say get more to avg down and hold this bag holder stock! I’m gonna sell it for tax loss harvesting and buy may be sofi?

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Posting as :
works at
You are currently posting as works at

That’s why you do your own due diligence.

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PSFE has been my biggest loss of the year. Definitely got "married" to this one as I wanted to be right about it. My cost was around $11, so I definitely have taken a beating. I cut most of the position, still have a few 2024 leaps that I'll hold for a while.

It's a decent company, but being a SPAC was the first blow. Then lowered outlook, coupled with growth tanking and recent selloffs hasn't helped much.

Its trading around 2x sales, which you can certainly do a lot worse in this market. It just needs to focus on debt reduction (which they don't want to do atm) and increasing profitability (they are close).

I've said a few times before - I don't expect much in the next 6 months or so, but if they keep growing and improving their fundamentals then I like it for a move back to $15 in the next few years.

But I apologize if you bought in on my advice.

likeuplifting

It wasn’t you 100% & I was just making fun of my losses ! All good!

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😂 was supposed to be some sort of joke; I’m not literarily blaming those geniuses for my decision to buy psfe😂

Btw, on this board some consultant posted LCID when it was down 22% (15 bucks) few months ago. I hadn’t even heard of company, I just bought 1k shares at 16.50 that am for quick gain when it recovered but wind up holding it. It’s up 200% already.

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I bought BABA, PSFE and MGNI via this group as well. Going to take tax loss. Also my Docu got smashed today as well

Yes, let’s take CRM to $1000 moon so that I can recover my losses

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