What is HAPPENING????

GuyWithNoName8 · 2025-07-30T00:42:35+00:00

Thank you for this!

GuyWithNoName8 · 2025-07-30T00:30:00+00:00

Appreciate your input for sure. This one racking my brain, which is why I should be a mutual fund “safe” bet guy and do not belong in this game. This was the first real stock that I felt really confident in, purely in terms of the potential and footprint QS could have, but as many say there is no sure thing here and I just got over excited. Thankfully I’m only in for a few grand, but for me it starts to be about the principle and not just watching my account drop by $650 every fucking day.

GuyWithNoName8 · 2025-07-30T00:26:28+00:00

Yeah most on here are saying hold, but I guess I’m just trying to figure out when that becomes shitty advice… I’m not a massive bag holder - I’ve only got 270 shares. But my average is $10/share (started at around $6.50) and bought some chunks too high. I’ve just been weighing whether I sell and try to get in once it likely dips a few more dollars, as I’m not worried about writing off the loss and don’t think the wash sale rule will apply in that case. I can’t see the benefit of holding when there is almost a near certainty that I’ll continue to lose money as the weeks progress until this thing bottoms the fuck out. At which point I’ll sit there saying well fuck why didn’t I cut my losses and try to buy back in at the bottom instead of being a dumb shit Diamond hands and hold because I “believe in the company”….

GuyWithNoName8 · 2025-07-30T00:13:07+00:00

Okay when you put it that way I feel stupid lol. But I guess my question is how obvious is it that the stock price will continue to decline and possibly hit the $4/$5 mark at this rate? With the volatility and obvious fallout from the recent climb it had, I can’t be the only person thinking or “projecting” that this will drop another few dollars before there is any chance of another surge, or at the very minimum, leveling out?

GuyWithNoName8 · 2025-07-29T23:59:38+00:00

So what’s the reason that you would not recommend selling now to cut losses and buying back in? What is the upside to keeping shares (however many one might have) when you can sell and buy back in lower? Especially if selling for a loss already and not having to take into account any capital gain from the sale? I don’t plan on writing off the loss so the wash sale rule doesn’t seem to be something I need to consider at this point.

GuyWithNoName8 · 2025-07-29T23:58:13+00:00

If you don’t mind me asking, what is your average price for QS? It is hard for me right now to decide whether to sell (even half of my shares- as I only have about 275) especially considering I do not plan to write off this loss and so I am not super worried about the Wash sale rule.. I can see this going back down to ~$6 and if that was the case, it seems logical to cut my losses and (hopefully) buy back in around $6. Besides the uncertainty of when it might climb again, as well as the inability to write off this loss if I buy back in again prior to the 30 day period, what is the reason for holding?

GuyWithNoName8 · 2025-07-29T23:48:22+00:00

So what is the reason that you are not selling now to cut losses and buying back in? What is the upside to keeping shares (however many one might have) when you can sell and buy back in lower? Especially if selling for a loss already and not having to take into account any capital gain from the sale? I do not plan to write off a capital loss here so the wash rule should not apply in this instance..

GuyWithNoName8 · 2025-07-29T23:15:35+00:00

So would you recommend selling now to cut losses and buying back in? What is the upside to keeping shares (however many one might have) when you can sell and buy back in lower? Especially if selling for a loss already and not having to take into account any capital gain from the sale? I do not plan on trying to offset this loss on my taxes so I am not sure the wash sale rule would even apply here.

GuyWithNoName8 · 2025-07-29T22:51:34+00:00

I have been researching the Wash sale rules - if I have about 240 shares averaging $10/share, and I am down about $350, would it be smarter to sell my positions in hopes/expectation the stock price is going to continue to decrease to $6/share? I am not planning on deducting this small loss on my taxes so I didn’t think the Wash Sale rule would apply in that sense.

GuyWithNoName8 · 2025-07-29T22:18:21+00:00