Nov. 11 at 4:24 PM
$HIT I was not understanding what was occurring here. This is not connected to anything the company is doing wrong, it looks like it is related to ACA , and what Dems were fighting for. This happened to HIT before. This is a geo-political event. Those typically resolve themselves. I bought a large amount of this one back at 1.30 or so. but I was even adding in the
$2.00.. and so I've lost almost all of my profits on this one. Still, I consider geo-political events as temporary. I heavily invested in
$VSAT when it was way down to
$7. Everyone was saying how Elon joining Trump ( Starlink) was the end of Visat, even thuogh they were out there signing contracts and creating satelites. So, ultimately,i don't let geo-political events effect my investing. But, I wish I " connected the dots" on this one sooner.
It's hard to say how far this will drop now- maybe this is it, idk. It dropped 80% before, but it really did not have a history of making money then. Maybe 50% is a "reasonable" drop?
I will purchase more, because I expect this to be temporary.. I just don't know how long 'temporary' is
