I ran a chart recently of two of my family's holdings, Farfetch (NYSE: FTCH) and SmileDirectClub (NASDAQ: SDC) . Both stocks have been brutalized by Mr. Market. Farfetch shares have dropped 84% since Jan. 1, 2021, and SmileDirectClub shares have crashed 90% in that same timespan.
So, as always, there are only three things you can do: buy, sell, or hold. In this particular case, in August my family sold out of our SmileDirectClub shares, and we doubled up on our Farfetch position. So, why did we do that?
For further details see:
Why I Sold a Healthcare Stock for a Cheap Internet Play