Hold or sell?
been holding these shares $GeneDx Holdings (WGS.US)$ for about 2 months now on a different investing app, original plan was to sell at 65 but after a sudden 44% jump, im rethinking if i should hold longer or sell. something tells me to walk away while im up, but it also seems like it could go higher. or should I sell now and buy again after a big dip? any thoughts and openions would be greatly appreciated.
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Robotics student/Rancher working towards the ultimate goal of financial freedom. new to this
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Bigmoney Dreamer : ALWAYS KNOW YOUR RISK TOLERANCE
The risk level for GeneDx Holdings Corp. is high due to multiple factors that elevate volatility and potential drawdowns. The company's inability to maintain profitability and high debt levels relative to cash position are concerning for long-term financial stability. GeneDx's impressive short-term stock surge, while promising, rests heavily on recent positive news, making the price susceptible to sudden reversals if sentiments shift. Moreover, the stock's failure to establish clear support after the recent high suggests a fragile price structure, increasing the likelihood of a sharp downturn if market conditions worsen. The absence of sector-level support further heightens risk, positioning the stock as a highly speculative trade.