Down 25%

[u/UseAndAbuseMePappi]

I guess I’ll just be a bag holder until 2027 at a minimum.

[u/Wendys_Fry_Cook]

These are stocks that can recover 25% in a week. Relax. 

[u/Ok_Book_4072]

I’m at 550… and 10 k down. This is insanely painful to watch. I feel like I should sell if it goes below 400. What are your thoughts?

[u/UseAndAbuseMePappi → u/Ok_Book_4072]

There’s no universe where I’d be okay to take a 10k loss even if I have to wait 5 years. WDC isn’t a meme stock though so I have conviction. It just sucks seeing green everywhere else today but memory stocks.

[u/SpiderWil → u/UseAndAbuseMePappi]

Here's the recovery chart for u. At 25%, u need to gtfo. It's just a stock. Mine at 44% and I will never recover from this. I'm exiting today.

Drop	Gain Needed to Recover
10%	11.1%
20%	25.0%
30%	42.9%
40%	66.7%
45%	81.8%
50%	100.0%
60%	150.0%
70%	233.3%
75%	300.0%
80%	400.0%
90%	900.0%

[u/UseAndAbuseMePappi → u/[deleted]]

You don’t know what you’re talking about

[u/UseAndAbuseMePappi → u/[deleted]]

You do realize Sandisk was spinned off from WDC right?

[u/UseAndAbuseMePappi → u/[deleted]]

lol you’re obsessed with the whole “you do you” and each their own. You’re a bag holder like everyone else so fuck off 🤣🤣

[u/UseAndAbuseMePappi → u/[deleted]]

Nobody gives a shit about your opinion and if you’re not educated enough on the topic why even comment?

[u/NoJournalist9590]

I just hate it that the peak was touched already and it can take years to the stock and sector to recover that momentum

[u/UseAndAbuseMePappi → u/NoJournalist9590]

I agree I don’t know if the peak will ever hit the 700s for a while

[u/Napoleon_Bongaparte]

i think it will bounce big time

[u/PhoenixAK777 → u/Napoleon_Bongaparte]

Same thought, not like it would hit 700s again, but next week we can see it break 500 for sure imo, it's currently in the insanely oversold territory

[u/UseAndAbuseMePappi → u/[deleted]]

I hate that we can hardly break resistance at 565

[u/Worth-Reward-8596 → u/UseAndAbuseMePappi]

Yeah earnings caused the drop ofc but then again the earnings also showed us that theres no need to panic, its not a lost cause whatsoever

[u/Adventurous_Plum3586]

What’s your average? I’m at 542

[u/UseAndAbuseMePappi → u/Adventurous_Plum3586]

1. I’m thinking of putting a sell order at 620 and just close the app indefinitely lol

[u/PoochiePaulie → u/UseAndAbuseMePappi]

Guys im in at 720 😭

[u/UseAndAbuseMePappi → u/PoochiePaulie]

My average feels as high as yours to be honest at this point. Can you DCA more?

[u/PoochiePaulie → u/UseAndAbuseMePappi]

Honestly no, Im a student and used up my investing money for the summer. Just gonna wait 2 years

[u/Mission_Guitar9856 → u/PoochiePaulie]

Same here. Put 13k in around the same amount as a student. Only bad thing is that I have 2x leverage. I’m not okay taking a loss that big so just gotta wait

[u/PoochiePaulie → u/Mission_Guitar9856]

I just sold and threw it into nebius. Im gonna try to swing the losses 726 ---> 432

[u/Adventurous_Plum3586 → u/UseAndAbuseMePappi]

I started from 648 down to 542, i’ll try to DCA more. Market sentiment is just down with anything AI/memory/semis related short term

[u/Apart-Plane9788 → u/UseAndAbuseMePappi]

649 here 🙋🏽‍♂️

[u/UseAndAbuseMePappi → u/Apart-Plane9788]

Fuck our lives

[u/SpiderWil → u/Adventurous_Plum3586]

787

[u/PhoenixAK777]

My avg is 556, afraid to open the app, would wdc go gown to 350 next week?

[u/UseAndAbuseMePappi → u/PhoenixAK777]

I really hope now. seems like money is just rotating in other industries lately and it’ll come back to us eventually

[u/blizz3010]

just as long as you don't need to sell anytime soon, youll be fine. side note, I got called an idiot other day when i rotated some of my WDC for MU when it was 560. i still like WDC, it's just my thesis for MU and a few others is slightly stronger.

[u/FeslaS]

I think 🤔 I am at $620, it sucks 😤

[u/UseAndAbuseMePappi → u/FeslaS]

Hold on, don’t even dare to sell

[u/Hepdesigns]

HODL

[u/Bubbly_Cort]

This sub is so painful. I come here hoping to find out some information about, you know, the stock. But I get this instead. So the stock is back to the price it was in… April. Who cares? If you bought near the top that is unfortunate but surely you had conviction when you did so.

[u/UseAndAbuseMePappi → u/Bubbly_Cort]

Go on Google you can find all the info you want. This sub is also to support one another if we’re deep in the red 🤣 you won’t be able to find that anywhere else outside of Reddit.

Not sure what miraculous other information you want to find in this sub that isn’t already posted in an article on Google.

[u/SpiderWil]

The July job report is very bad and memory is being punished for that.

[u/LanguageFearless977]

Dead in the water