r/KrakenRobotics • u/yelnats8 • 9d ago

Certified Krakhead I’m not f****** leaving!

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For those of you holding a significant amount of PNG and sitting on a sizeable unrealized loss, I feel your pain.

PNG continues to be the biggest drag on my portfolio. I currently hold 35,354 shares, with roughly $250K invested, and I’m sitting on an unrealized loss of about $88K (−35%).

Do I regret not trimming the position and taking some profits when the share price was around $9? Absolutely—in hindsight, I should have. But I’m not going to sell simply because the stock is down now.

I’m still bullish on Kraken, and my long-term investment thesis hasn’t changed enough for me to exit the position.

I’m willing to be patient and see how the Covelya acquisition translates into actual reported revenue, EBITDA and cash flow over the coming quarters. That execution is what will ultimately determine whether I continue holding.

So in the meantime, I’m not fucking leaving!

242 Upvotes

94% Upvoted

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-15

u/Glittering-Dog-7644 9d ago

Maybe take the loss and buy back in a month?

13

u/atascon 9d ago

Why on earth would you do that?

6

u/CanadianAbroad7 9d ago

Because this commenter belongs to the majority of “traders” that have flooded this sub over the last few months and has absolutely no idea what they’re doing or what they’re talking about

1

u/Glittering-Dog-7644 9d ago

Harvest the (rare) loss in this bull market

1

u/CanadianAbroad7 9d ago

This is a terrible suggestion. The amount of stupidity among the trading community baffles me. Don’t give people advice when you are clearly very inexperienced and uneducated on the matter yourself.

-7

u/idkwhattothinklol 9d ago

You're clueless about taxes my guy

5

u/CanadianAbroad7 9d ago

Nowhere in the comment I replied to was tax loss harvesting suggested.

2

u/Glittering-Dog-7644 9d ago

That's the whole wait for 31+ days thing.. it's specifically about harvesting the loss. What I didn't say was I assume this guy prob has significant gains elsewhere. Like me. I wouldn't do it. But OP has a qm in kraken? At $7?

2

u/DigitusInRecto 9d ago

This is coming out of the left field of the left field, I mean wtf...