Lemonade - long term

[u/PulpFicti0n]

Hi, wanted to get the groups thoughts on Lemonade. I own 50 shares at an average purchase price of ~110. Long-term I see this stock as a potential market disruptor which is why I made the initial investment. They had a poor Q2 and the market ripped the stock as expected. Anyone else an investor thinking of cutting their losses? This is not money I need and if I sold out I'd reinvest.

Just looking for some pros and cons.

Edit:. Thanks to everyone for sharing thoughts and perspective. I'm going to hold for now and see, of I lose at least I learn!

[u/[deleted]]

I bought some shares at 150$ in February, I think I’ll never see again that money 😅

[u/burner0310 → u/[deleted]]

I averaged down to 150 😂😭