On the members forum, Amy has asked for some ideas for stock that was assigned to her months ago in Molson Coors Brewing Stock (TAP).
Amy was assigned 500 shares of stock at the $85 valuation in September 2017. The stock closed on Mon Sep 17 2018 at $64.04 which is about $21 lower for a drop of 24.7%.
Amy is looking for a way to generate income and somehow bring the stock back to a point where she could close her trade and get out of the stock without loss to her capital. To do this she need to reduce the price point of the stock to below where it is currently trading. If she wanted to close the trade for a profit today, she would have to reduce the cost basis from $85.00 to below $64.00. Here are some strategies I can suggest to assist her.
This article is 2100 words in length and will require 8 pages if printed.
This repair strategy article is for FullyInformed Members.
Repair Strategies For Unwanted Assigned Shares In A Collapsed Stock – Sep 18 2018
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk.