You should hold regardless of what you hear me or anyone else say. You bought this stock probably without adequate investigation. It wouldn't have helped though to have done so. This is a faith stock. Therefore, it is irrelevant what the price does, because no matter what happens, I am completely confident that ATHM will have a great future.
All the talk is due to trader mentality. When you are participating like most here, you have a tendency to get involved with concern over swings. This stock swings. It went from 100 to 200 in several months. That's tremendous volatility, but it suggests that the stock is in a base. You should buy stocks in a base or when they start coming out. ATHM started coming out and fell back in. No matter.
I suggest you ignore economy, Wall Street, this thread, everything, and just have faith. Everything else will only cause you to make the wrong decision. It may take time but you will have a good investment. If you must look at the price, look at it as though it were trading at 95/10 = 9 1/2, because it has the volatility of a 10 dollar stock. You bought at 12. It dropped to 9 1/2. What will you care about that when the stock is trading at 100? You'll look at a chart then and you won't be able to see the downside move you just experienced. It will be crushed into a straight line with a barely discernable wiggle. |
