i got in about there also..i think it was 74...oh well.. my brother is big shot at diablo canyon nuke plant.. he recommended it? says it is still good and he expects it to go back up. he does better than i do in stocks. magnus
Hard to say. It may never go back there. EXC is my largest position- I'm hurtin' too. Bought in and out above $75, doubled down at $50 and then pulled back at $46. Bad move but I hadn't the stomach to let my brain do the work.
90+ was way over priced. Should have sold but did not want to pay the tax. also did not think it would go as low as it had. but it still pays me a good dividend. been buying utilities for years. Use the DRIP and you will not go wrong.
The capital gains tax would have been 0% or 15% depending on your income level. Consider how much did you lost when the stock dropped. Better to sell at $90 pay the tax and get back in at $40. Remember that old saying never fall in love with a stock or real estate.
It does not have to go back to that price. At 5% you will recover in about 8 to 10 years with compounded interest. Meanwhile if you buy more, you will recover quicker. Stocks bought at highs which subsequently collapse are normal operating proceedures it seems.