<<. I'm just afraid to buy anything and have it go down and then I sell at a loss.>>
Very simple....Don't! Your not on margin are you? If not, there is nobody forcing you to sell and take a loss....are you buying highly valued high pe stocks that may still get whacked? If so, STOP!...Only buy what you understand, what you believe in and what has already been whacked hard and with future upside potential.......then just hold on...if stuff drops, turn off your computer....buy more if you can....but dont sell simply because it went down. Sell if there is a fundamanetal reason to sell...for instance......with this BlueArc thing, I would maybe think twice about buying ntap, and would maybe even sell...because if what bluearc has is indeed the real deal, it would fundamentally alter ntap and emc amongst others....not saying it will...just possible. When you bought jdsu, you did so because you liked the fundamentals and the chance for appreciation on the stock. You must give the stock a chance to appreciate...we are in a down market. Stocks will go down......You either believe in them and hang on, or you bail out and dont look back. I suggest you buy some quality beaten downs that will be here ten years from now and write some front month calls...or hell, write some a little further out at higher strikes if you wish....get a good premium and some upside potential, but you lose the ability to write every month.....either way...buy quality, and cover it, would be my suggestion to you....however, please make your own decisions and certainly do not listen to me....just trying to lend a helping hand as I know exactly what you are experiencing.
Good luck...keep the faith....keith |
