I happen to have a need to raise some cash, so it’s time to sell some stock. Some of it, I’m going to liquidate, and call the loses final. Others, I’m going to shave back and get the cash, but leave as much as I can in there, so that they continue to grow.
APRN – Man, what a stinker. I was using the Blue Apron service, and loved it (for a while), so I bought in shortly after they did their Initial Public Offering (IPO). The next day after, one of the stock guys I listen to said (essentially) “don’t buy APRN – this IPO is just a liquidity event for the initial investors; they are going to take your cash and run. It’s going to be a terrible stock.” That information was too late – I’d already bought. Worse, when it was near it’s bottom, my pride told me to put in some more, so as to dollar-cost-average my loss, so that if it did come back, it would be easier to cross into the black. All in all, I will be down 91%. All I’m really getting is peace of mind, to no longer be reminded of this stinker.
ADXS – Another stinker. This one was supposed to be a good biotech play; but something happened, and the entire market has just trashed this stock. I might as well get out, because it looks like it will never come back. Down 99%. Worse – the trading commission is actually more than the liquidation reap of what is left. Thankfully, I only had $500 in there in the first place. Again – peace of mind, getting rid of this stinker.
AA and ARNC – Way back when, I heard that Alcoa was a good idea, so I went with it. There was probably a momentary opportunity to make some money (listening to stock picker guys who don’t have that great a track record (again)). There was some sort of corporate fight over control of the Board, and it split into two stocks: Alcoa and Arconic. And then both fell. I don’t have much of this loser, but I’d like to get rid of it anyway. Down 15% on Arconic. Forgot to look at the down percentage on Alcoa.
XOM – At one time, Exxon-Mobile was the greatest petroleum company in the world. Might still be. But I had a single share, and I’m down 20% on it. I’ve held it a long time, but it never quite ever made it back into the black. Might as well be done with the mental overhead of seeing it on the list.
NUAN – Nuance Communications. This was another stock suggestion by one of the guys I listen too. Problem is, someone whispered in his ear that with all the AI stuff going on, these people were going to get swept up in the growth of the industry. But that’s not how technology companies work. So it’s been dead money for a long time; I will be down 1%, but at least I’ll have the cash I put in way-back-when. By the way, after I bought the stock, (months later) out of the blue, the networks team sends me work order to help integrate the Nuance software with our email system. I had no idea; but the fact that they were making sales (well, at least one) caused me to hang on to this stock probably longer than I should have.
SQM – This is a South American mining company; I bought it because I thought they had a lot of metals needed in the high tech battery industry. But the more basic resources are down, and South America in general is not a fun place right now, so I’m down 54%. I’m getting out.
REMX – VanEcke Rare Earth Metals ETF. Similar idea to SQM, but ETF’s are probably not a good long term hold. I’m down 40%, and getting out.
CRSP – Crispr Theraputics. Actually, I’m up 142% on this stock, so I’ve sold enough to cover my initial cost, and will let the rest ride.
INTC – Intel. Similar story: I’m up 90%, so I’m selling not quite 1/2 so that what remains is “free money”.
MU – Micron Technology. I bought both Intel and Micron about the same time, because I love the idea of their Optane memory technology. The two companies have a research / manufacturing partnership for this technology, and I think it’s great. Since I’m up 44%, I might as well sell enough to cover the cost I initially got in at, and let the rest ride as “free money”.
CY – Cypress Semiconductor. This was a 5G play, and I’m up 63%. Same story: sell what it cost, so the rest is free money.
SWKS – Sky Works Solutions. You know that stock picker guy I listen to, who so often steers me wrong? Well, he was talking to a different stock picker guy, and they both liked this stock, and they were right. Apparently the company makes wireless modem chips that go to a small cell phone company you might have heard on named Apple. I’m up 19% (although at times, this stock was up 50%). I needed to get the total amount a cash from today’s sales to a certain point, so I sold five shares.
And there you have it: thirteen sales to generate cash I will need in a few days. Some of it was getting rid of losers that make me feel bad. Some of it was selling the same dollar amount as it cost me to get in; what is left in, I am happy to let ride. If it goes up, that is great! If it goes down, I don’t really care, since I’ve gotten my initial investment out of it.