What about Cisco? Though it felt down some percents but it's still high. Should I continue to keep the stock? what would you do in my case?
One of the most over-rated stocks on Wall St in my view. Never owned it, don't even look at it. Everyone was pumping it a few months ago....then it dived.....leading me to conclude they must have been short.
Are you a trader or a long term investor? If you're a trader it should have been sold already by getting stopped out... you do have a stop order in place, right?
I am a long term investor, waiting for better days, I think. This one is a real disaster. It has started to be such.
Sell short-dated, at-the-money-calls against your entire position until the stock is called away and you're done with it.