Bought LUNR at $21.30 after a 50%+ drop — when would you sell?
I bought LUNR at an average of around $21.30 after it had already fallen more than 50% from its ~$45 high. It then dropped to about $11, but I held through the drawdown and now we’re back around $18–19.
The issue is I overallocated to the position, so it’s become a much larger part of my portfolio than intended.
Now that it has recovered meaningfully, I’m trying to set a disciplined exit plan instead of letting emotion decide if it runs higher.
I’m currently considering $23–26 as a range to start trimming, but I’m curious what others would do in this situation.
If your cost basis was $21.30 and you were overexposed, would you:
sell once back above breakeven, trim in the $23–26 range or hold for a larger move?
I’m open to both bullish and bearish perspectives — I just want a clearer plan this time after holding through $11.
Thanks 😊