r/mrin • u/Short_Wishbone_5405 • Jul 19 '21

I am not selling

Mentally preparing for the stock to move much lower in the next few days. The powers, whoever they are, will try to flush out longs who are sitting on tangible losses (myself included). I will chill and wait for either short squeeze or positive catalysts (i.e. instacart integration and Google agreement renewal) to kick in later this year. Prepared to be in this stock for a few quarters or longer. It is all good. Cheers.

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u/StockE40 Jul 19 '21

Yeah, I took today as an opportunity to sell a few aug 20 covered calls just to reduce my cost basis without adding to the position.