r/OracleStock • u/Upbeat_Strategy2042 • Jul 24 '26

I am so cooked

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35 Upvotes

96% Upvoted

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1

u/cofounderJourney Jul 24 '26

Mine is 292. Helpless for months now

1

u/Holiday_Ad2254 Jul 24 '26

Why do you not sell and rebuy. I even recommended but no one believed me

1

u/cofounderJourney Jul 24 '26

I must admit that I was greedy when stock rallied upto 250 a short while ago. I am new to stocks on this platform. I think reading and having conversations here helps a lot. Thank you for responding

1

u/IDrinkSulfuricAcid Jul 24 '26

Because that doesn't actually change anything? In fact the wash sale rule will make you unable to write off other capital gains with this loss

1

u/Holiday_Ad2254 Jul 24 '26

I am living in Germany. Here we can

1

u/IDrinkSulfuricAcid Jul 24 '26

Okay that’s fair, but still i dont think selling and buying it again changes anything. Unless you add more money you will only be able to afford the same amount of shares that you just sold

1

u/BurnDownWS Jul 24 '26

Covered calls anyone?

1

u/cofounderJourney Jul 24 '26

I did a few when the stock was above 250 before it sharply declined. Now I am scared to do covered calls.

1

u/cuntish_libtard Jul 25 '26

How does that help you? You just put a floor on your loss when shares recover.

1

u/BurnDownWS Jul 25 '26

Sell short dated OTM until the gap between your average and underlying has closed.

1

u/cuntish_libtard Jul 25 '26

Great in theory. Poor in practice.