facebookBought high for Nio and Grab Holding, What should i do now? Hold? - Seedly

Anonymous

14 Jun 2022

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Stocks

Bought high for Nio and Grab Holding, What should i do now? Hold?

I bought Nio at $39.63 for 56 shares and Grab Holding at $7.35 for 78 shares. They dropped to $15.99 and $2.43. What should i do now? Hold?

Discussion (10)

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Cut loss on Grab, its a cash burning company whose profitability (not EBITDA) will take years to reach, it will probably reach $1.XX on the way to its profitability goal

If you like Nio at $39.63 and Grab at 7.35, why do you not like them at $15.99 and $2.43 respectively? Keep buying if you think company has potential in the long run but cut losses and sell out if there are other better opportunities out there.

Tan Wee Minn

16 Jun 2022

Chemical and Biomolecular Engineering at NTU

At any point of time over the past few years, holding probably may be the wise strategy provided you...

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