As I'm sure a lot of people have seen, Walmart has been tanking today after earnings. I was already down like 7% before earnings and thought for sure I would be able to recover. Now I'm down another 10%. I had a lot of conviction that Walmart would thrive while consumers have less money from inflation because they have the cheapest necessities.
Now I can't decide if I should DCA after the tanking to try and recover, or if that will just result in throwing money into a sinking ship. They might recover, but will they recover faster than the sp500 will grow?
I've sold other similar positions, just for them to gain 20% in 2 weeks after selling, so I thought I would hold onto Walmart, and now I wish I sold it instead.
This market makes no sense. I guess that's why they say the market can stay irrational longer than you can stay liquid.