WPG

2xtrader

2xtrader

good evening I'm new here,

I bought WPG @ $0.73, why you ask? Because I heard they bought the Westminster Mall in Orange County. The price they paid sounded like a great deal, and they plan to make mixed use of the property. It may have went up to $2.00, I didn't sell.

Then came the reverse split, 1 to 9, my first ever reverse split, it made me nervy. So in actuality my entry price is $6.57.

What do you guys think of the stock and its future?

Moderator - technically this isn't a penny stock, please allow this
 
Is this Washington Prime Group Inc? Its last price was at $12.45. How did you buy it at $0.73??? Considering everybody is shopping online nowadays and with all the lockdowns and all, don't think this company that owns shopping malls would do too well with all the retail stores themselves going bankrupt or having financial trouble. After the pandemic is brought under control, it might do better but how much better, it's very hard to say because people's shopping habits would be forever changed.
 
Hey.

Sell it.

2 cents -, i don't touch anything below $10, unless one is sure about his choice.

Focus on learning fundamentals. There's a company behind each ticker & in this one, better to avoid long positions.
 
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JSOP said:
Is this Washington Prime Group Inc? Its last price was at $12.45. How did you buy it at $0.73???
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they consolidated my shares so my original 2800 shares became 315; and my entry price of .73 became $6.57. In essence it’s at 2X
 
Nobert said:
Hey.

Sell it.

2 cents -, i don't touch anything below $10, unless one is sure about his choice.

Focus on learning fundamentals. There's a company behind each ticker & in this one, better to avoid long positions.
More...

so more likely to bear down and not 3X?

dont look at it from a retail POV look at it from a real estate POV, im not buying the vendors that pay their lease
 
2xtrader said:
so more likely to bear down and not 3X?

dont look at it from a retail POV look at it from a real estate POV, im not buying the vendors that pay their lease
More...
I saw it's chart, i know it's a REIT and i saw the balance sheet.

All that i can say, - wouldn't touch it in the first place.

If i had by any chance a position it it & by miracle, all of this information fall upon me right now, - i would sell it immediately,
without any emotional attachments to possible/expected future profits.
 
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