Hope it is more informative than the CPQ borad. I unfortunately bought SGI at the beginning of Jurrasic Park Phenonomen, Made a few dollars then bought more am sorry to say 400 shares at the very top, 45 dollars a share at the recommendation of some expert? whose other recommendations have been better, of course. I won't sell at these prices, I can take loses other places (why do they act like it is a benefit to take a lose?, well you can save tax dollars) Big deal. That is so stupid, I understand, I think ,shorts, and its too late for this stock. What I mean is I also am in the hole on MU and NSCP, and being a women, I just hold on. Beyond that I work daily, and can't become a day trader. Has anyone else bought on good faith at my price and stayed? PS other recs were ORCL at the height and CPB. But no, I put it all in SGI. My blunder,
Hold on. I dont know that we will see $45 anytime this year (maybe next). However, this is a bad time to sell. In fact, if you have additional funds you can invest, I would watch and wait for an opportunity to buy more at about 10.75 which I think is reasonably close to the bottom. I beleive its not the bottom but if you try to get it at the bottom you run the risk of not getting it at all. You should be able to buy at this price sometime within the next 2-4 months. Your patience will be rewarded.
BRKA54, Don't feel bad i'm in @ 39 averaged down at 22, 15, and 12. When stock went up to 19 I did not sell. That's not bad but when stock went up to 30, I got greedy and figured it would go higher. wrong!!!!!! Be patient, buy more at these levels. I think they will turn the corner next year. You will also have held long enough to get 20% cap gain rate. Best of luck.