Open Question
I bought FHCO @ $7 X 500 shares and Last close was$5.53. Down $735! Although
it's a small company the growth is there, it"s global, no debt, stock buybacks,
7.68% held by institutions, mostly rated hold or buy.
Should I buy more to lower basis, hold and wait, or sell it at a loss?
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Looks like you bought it near a 52-week high. These microcap stocks can be
volatile, especially after a monster run. Additionally, while it is a consumer
goods company, streeters may be treating it as a health care stock. If your
thesis still holds true, then hold it and add to it. If not, dump it, take the
loss and move on. I don't know enough about the company to help you. But any
company that makes a female condom rocks in my world.
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