Hi all,
Looking for advise on my situation. I am fully vested in my former employer's stock and are now long-term holdings (over 1 year). I mistakenly held onto 100% of them after IPO due to the stock tanking during the lock-out period for which the stock tanked even further beyond the date when the lock out period ended. The primary factor for the stock's poor performance is the correlation to interest rates being in the lending industry.
With some confidence that there will be at least one interest rates cut by year end, the stock has bounced back up 45% in the last 30 days, but still 55% below the time the lock out period ended. Do I rip the band-aid and take what I can now or should I wait until there is at least one rate cut and ride the momentum and sell of news of a second rate cut?
Thanks.
Looking for advise on my situation. I am fully vested in my former employer's stock and are now long-term holdings (over 1 year). I mistakenly held onto 100% of them after IPO due to the stock tanking during the lock-out period for which the stock tanked even further beyond the date when the lock out period ended. The primary factor for the stock's poor performance is the correlation to interest rates being in the lending industry.
With some confidence that there will be at least one interest rates cut by year end, the stock has bounced back up 45% in the last 30 days, but still 55% below the time the lock out period ended. Do I rip the band-aid and take what I can now or should I wait until there is at least one rate cut and ride the momentum and sell of news of a second rate cut?
Thanks.
Statistics: Posted by YoungJedi88 — Thu Jul 25, 2024 4:03 pm — Replies 4 — Views 453