Addiction to trading6 Aug 2020 14:02
This clearly hasn't worked out as a day trade for those caught on the spike. It will probably come good even for those who bought above 70p but you need to be prepared to hold long term to see it recover. In the meantime, it may go lower (possibly much lower), so you need to decide what's best for you. If you need the money short term, you may decide to take the hit now. If you don't need it soon, and you don't fret over the performance of the share every single day, you may decide to stay put. It all depends on your individual circumstances.
BTW, if you do fret over your shares all the time or you stretch your financial resources to invest more than you can really afford, you should consider this. I know that a lot of people lose their nerve when it comes to investing, and start jumping on such shares as a quick way to make money, without considering the associated risks. Often, this is done to recoup losses from a previous similar trade gone wrong. This is one of the signs of an addiction to trading; have a look at this to check that you aren't in that position or at risk of getting there:
https://www.investopedia.com/articles/investing/071713/downward-spiral-trading-addiction.asp
(Google 'addicted to trading investopedia' if the link is removed.)
If you've spotted any of these signs (and you must be absolutely honest with yourself!), stop immediately, even if it means taking a loss, and talk openly to someone (your partner, etc.) because it is extremely difficult to get out of it on your own without falling back in. Do it even if you feel ashamed to talk about it.
I know it doesn't apply to everyone here, so those of you who are not affected by such issues please don't take offense at my post: it is not meant to sound pompous and patronising; it is meant to help those who are in trouble. If it helps at least one person, I'll be very happy indeed.
All the best
EP
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