Should I sell?
Don’t sell your stock if you already own one. Think about it. If the market is dropping, where did the money vaporize? Nowhere. It is just a paper loss. It will rebound at such a speed, you will not even know. Loss will be hard to recoup, just as I tell people not to pay more for a house but rather opt for higher interest rate that could be refinanced. A lost equity will be hard to recoup. One more thing: Stop listening to Cramer. God bless America.
So this is the first time I’ve checked out your blog (I’m new to the whole “blog thing”) and I just wanted to say that it sounds like pretty good stuff! I agree that you should not lock in your losses if you own something that has fallen pretty hard (I’m in that same boat). However, I would add that if one believes that their stock is a good/strong company that is only falling because of the volatility of the market, then they should buy more. If you think that it will probably fall some more, but eventually come back up, then you should definitely buy more at different lower prices. That way when it comes back up it takes a lower price to break even. Just my input and opinion.
PS: I hate Cramer as well, he has done nothing but create speculation and hype.
Robert Paulson
October 10, 2008
Amen!
Natalie
October 11, 2008