Should i sell my wm shares?

Question

I BOUGHT 200 SHARES FOR 9.22 SHOULD I SELL OR JUST BE PATIENT?

Answer 1

If you can afford to lose $2,000/=, be patient.

But if this is your rent or mortgage money or lunch money, then sell.

Answer 2

You investment is relatively small dollar wise, so I would say it does not matter.  You will not see 9.22 for some time to come.  The banking system is a mess and it is unlikely any good news will surface anytime soon.  However if you don't need the cash you could just let it sit for a year or so, or use the loss against any investment gains you may realize on your income tax return this year.

I would not sell it right away.  It has high volume so you may see a spike in price ..then sell it.

Answer 3

Yes.

Answer 4

There is a high risk that the bank will go under.

    You have already lost half your money.

      You may lose it all.

Answer 5

h**l yes What have you been waiting for? WM could be gone Monday. They aren't making any money. I thought another bank would have bought it by now but nooooo.

Answer 6

you might as well hold it right now. It will almost undoubtly go back up but you might have to sit on it for 2 to 5 years. But it can easily go back over it's all time high in a few years with some good luck, gas bubble burst and new president. good luck

Answer 7

Your only hope, I dare say, is that some fool bank will make an offer for the company a la BAC.   Otherwise, I think they are probably doomed.