Help, I bought 500 FAZ at 63.50 when I thought it had crashed enough. Now I am down big and it is mother in law's retirement money. What do I do? Sell or average down and wait??
$63 and you feel bad about that?The market should go down today since the volatility increases. People that made good money yesterday will sell today for profit.This will be back up to your buy level in no time.Obama's speech is for the people not for the economy coupled with bleak news coming over the next few days.IMO, don't take the loss. Average? Maybe but you will be fine by the end of the week.I am getting me feet wet today. Hopefully I can get some at $58.
Hold it, Thurs and Fri bad econ #s (weekly unemployment and Fri GDP) will tank the market. And next week too -- auto sales are Monday and jobs next Fri. Buy more at COB today.
just thank god it is not your money. i've met your mother in law, she is one ugly biotch. nobody that ugly deseves to have any money.
thanks for the wonderful responses all. You don't get m-i-l jokes do ya?