MDTL shares?

Question

OK, so I have made some classic mistakes and didn't listen to the advice of those in the know.....but I kept this share in the hope that it would recover. Now it is worthless...almost. Do I keep it for a couple of years in the hope that it will recover to the approx USd 15 share price that i paid for my 4750 shares?

Selling now will leave me with nothing and no way to get it back...

Answer 1

This risk with holding it and praying that it will go up is that it can go down even further.   You need to realistically think about whether you think this stock will go up, and if you think it will, you should definitely hold it.  However, if you think there are other stocks out that are more likely to go up with a lower downside potential, you should just cut your losses and go for that.  At the end of the day, it doesn't matter if you have some losses mixed in with the winners, it matters that your portfolio as a whole went up (as much as it could with tolerated risk taken into account).  

I am unfamiliar with MDTL so have no opinion on whether I expect it to go up or continue down or what.  Further, you can take any losses you incur and use them for tax reasons (you can use your losses to offset your gains and thus pay less taxes).

Good luck.

Answer 2

The company is loosing money hand over fist. The main problem is the lack of a profit margin. Take the money and run!