Hi Mare - if I could predict NT stock price, I wouldn't be here :)! I don't mean to be sarcastic and I only have good intention. Long term, I am as bullish as every long term investor in this thread, but short term is for traders who have the tools to deal with market and stock specific volatility. An individual said NT was a good deal here yesterday. Today is a better deal. Maybe s/he is buying more as we speak. In truth, if one is to accumulate NT, both statements may be right. However, if one is about to deploy margin [which, being old fashioned, IMHO, should be used occasionally,] one should know when to hold and when to fold. Ask yourself, are you prepare to keep NT long term? What is your exit strategy if the tech sell off deepened? Are you ready to sell other securities in your portfolio to keep NT? Questions only you can answer
I ve a good size position in NT, relative to my meager portfolio, so I am happy to hold forever. If the price is really right, I may pick up some more. But I ve been preparing for this down market in the past few days, so I ve some cash.
best, Bosco |
