I purchased a few hundred shares of Sirius. Should I dump them and suck up the lost or what???

Question

I heard about the merger but the numbers are steady dropping. I dont check everyday but when I do check it is steady in decline. Im just looking for advice. More questions to come...

Thanks in advance

Answer 1

You should examine why you bought the stock. Look at your target price vs. your "stop" order. Don't deviate from your plan. How does this stock fit into your asset allocation?
A small-cap stock like this should be less than 1% of your investable assets.

If you didn't buy the stock with a written plan... you shouldn't be buying individual stocks.

Here's the most important question;
Why would you look for advise from total strangers? You don't know who they are, you can't verify them. You don't know their qualifications. You don't know their motives.

Your problem is not "Sirius". You need to be more "serious" about your investing techniques. READ & LEARN. Take 6 months to a year & read all you can. In the end it will stop you from making the most basic investing mistakes.

Answer 2

Hedge with shares of competitors then