You shouldn't even have more than 10-15 percent of your portfolio in one single stock. I love GILD also but you never wan't to wake up on any given morning and find out you're financially wiped out for reasons that you couldn't fathom. I have so many disaster stories over the years that it's laughable only because I wasn't over concentrated in that one position. ( A few examples of what has occurred at many companies in the past: The CFO was cooking the books and the Feds have shut the company down; the company filed for bankruptcy; the company failed to get FDA approval; the company's cutting edge technology is now obsolete; the company's competition gained FDA approval on a cheaper more efficient drug; Congress decided to take away all subsidies or tighten regulations; the CEO was using company funds to build a mansion made of Gold.)
Why bother to debate with someone so clueless. I agree that the decline is mostly macro oriented and months from now, many will be wishing they bought more. The problem is that it's hard to be disciplined to buy when your entire portfolio is getting whacked.
It's a joke that this so called coalition is not putting troops on the ground. I think a city like Baltimore or Philly could end this thing in a few days.
Apparently they are not sniffing hard enough because the shares are still falling. Now under $92 a share. Could be a good place for investors like myself to add.
I've owned it for a long time. Nice dividend and long term growth.
No thanks. I already own enough shares. Only buy as many shares of a stock as you are comfortable owning. For me that's less than 10 percent. Don't get greedy.
What is so funny is that we all wish we had bought more at lower prices when the stock was at 108. Now that the stock is cheaper people are complaining.
Wow, I've been investing for 25 years and I've never heard of anything like this. I 'm going to sell all my positions at the opening. I sure am lucky to have discovered this thread.