| | Flack, looks like we agree on a lot, except for the one major point of selling a strong stock when it is down.
And we'll probably never will. And I'm infamous for beating a dead horse.
If a person isn't daytrading, but is position trading and they are holding one of the many Naz stocks that got beat up this week, most of these stocks will return to their forer levels in a couple of weeks.
Also, on an extreme level, I can't help but remember the bungee market a few months back. Remember that day we lost over 500 points. Then we immediately gained 500 points.
A lot of people could have lost a lot of money if they sold while the market was dropping.
And for clarification, I'm not talking about stocks that have been trending down for a long period of time. I'm talking about the bottom falling out and abrupt stocks.
The bottom line, if you didn't own the stock, and didn't have a prior emotional history with the stock, is it a good buy now. Would you recommend it to your mother at these prices. If the answer is yes, hold it yourself and maybe buy more.
Specifics
Dump Apple, it will take to long to come back
Hold Intel, it will come back. |
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