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Chop, sorry see you have an entry on CLIC at 62. I am holding 1750 shares right now, averaging around 54ish. If it were not because of this market selloff, CLIC would've seen 80+ or running toward 100. Although I like CLIC very much and think it's one of the core holding for the ecommerce-enabling market, I couldn't think another stock which had a worse turn of luck like CLIC, first there was the contract cancellation at the 11th hour, then just as the momentum building up, the market plunged 700 points. It's hard to be a hero in this market, and I don't think everyone should be a hero anyway. DO NOT FIGHT THE TAPE. That said, if CLIC fit for the longterm, then take the ride and average it down; otherwise, might need to take a loss and stay in cash. It's hard to gauge the market, but we all knew there would be a market correction in October. I think how to value CLIC depends on the risk tolerance/time horizon. I am going to ride it out becuase I have too much cash sitting there, might do some selective buying in this crazy market in the comming weeks. Good luck. |
