Relating Stocks to Snowboarding
I ran across this article today, which is kind of long and boring.. but there was one paragraph that caught my attention:
"At the peak of the poker craze shares in WPT Enterprises, a publicly traded subsidiary of Lakes that operates the World Poker Tour, hit $25. They now trade at about $2.50."
Yes, I own some of that. I probably should have paid a little more attention to what was going on with WPTE day-to-day. I knew that I wasn't necessarily coming out ahead in this one, but was also unaware that I could snowboard down the slippery slope (this is just a picture of 6 months; the past 2 years looks like a bunny-hill slowly transforming into black diamond terrain):

Now, the question is, should I take my $2.50 a share and run, or hang out and watch it bottom out at zero dollars and zero cents, knowing full well that it probably isn't going to turn around?
"At the peak of the poker craze shares in WPT Enterprises, a publicly traded subsidiary of Lakes that operates the World Poker Tour, hit $25. They now trade at about $2.50."
Yes, I own some of that. I probably should have paid a little more attention to what was going on with WPTE day-to-day. I knew that I wasn't necessarily coming out ahead in this one, but was also unaware that I could snowboard down the slippery slope (this is just a picture of 6 months; the past 2 years looks like a bunny-hill slowly transforming into black diamond terrain):

Now, the question is, should I take my $2.50 a share and run, or hang out and watch it bottom out at zero dollars and zero cents, knowing full well that it probably isn't going to turn around?
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