RE: Worried8 Aug 2019 19:28
Depends what your expectation is, and timeline. In my experience the worse thing you can do.is rush to sell first thing if it opens down as thats often what many do and it over does it.
In fact they are often good opportunities. I remember when motif dropped something like 80-90% first thing and I made 100% return in a day on that.
My general point being is it can be rewarding to place contrarian trades but it is high risk and can be nerve racking. I will personally be amazed if it opens down anything like 50% unless new info comes out. That said, it will be volatile and probably more so first thing.
I am hoping the opposite will happen and the good work they did on the rebuttal to the shorters gets as much attention.
Either way, as said by someone else, try take emotion out of it. Its the emotion side of trading which often creates the best short term opportunities. If your looking over a longer timeframe for your position I would suggest do nothing and step away from the screen for a week or so and see where it lands. Your entry will be better than many who have been here prior to recent events.
Anyway, just my opinions and good luck. If it helps I have much more on the line anticipating some form of recovery here in coming days. Buy hey, no guarantees will see whats happening tomorrow and assess.