These last couple weeks made me wish I had more cash on hand to invest but it's almost all invested! And I can't find anything I want to sell.
I buy on the downside too. That's how I wound up with the thousands of shares we have. Anywhere from 100 at a time to 500 at a time. I have another CCUR, Concurrent Computer. Same thing. Unfortunately we have no cash in either the investment account nor the wife's IRA. Should have sold and generated some cash for October. For 3 straight years it's been my worst month of the year. But I looked over the portfolio and didn't have anything I really wanted to sell! I retired in 1997, in my 50's. The investing is a 'game' to me. And one I love to win at! So far, since 1995 done very, very well. Took some hits early this month but the last 3 days have been very generous to us. Still down for the month though! Not even thinking about selling this at these prices. I told a friend, who wants income and growth, to buy this. He bought FCEL, MTOR and GRPN instead. Losing his derriere.
No way this should be $7.00 stock. Good earnings, Good P/E. No debt. And yet the stock keeps falling. I wouldn't mind, fi I was buying but there's no cash left in our accounts. It's all invested. Can't find anything I want to sell either.
Better question would be: Why the sudden drop off the deep end? Hitting my investment/holding account pretty hard. This is the largest stock in our account by value.
Has the bottom been reached? I don't think so. The market has a lot of 'naysayers' that WANT the market to tank. They've been saying, "There's going to be a 20% correction' for the last 3 years. This month may prove them correct. They are the axxholes of investing!
The 'record' levels of 'poverty' and 'welfare' are a directr result of the GOP programs since 1981. There has been no wage growth. There has, however, been an exodus of jobs to other nations since REAGAN and GHW Bush removed , or reduced, all the import tariffs. US corporartions can now make a product in another nation and import the shoddy crapola into the US tax free, Over 25 million jobs have been lost because of this. Obviously you ARE NOT an economist! It's all Obama's fault that my net worth has doubled in the last 5 years. Didn't make squat under the 'great' GW Bush.
And just who is responsible for the doubling of the stock market? Bush almost crushed it. He did the banks but luckily he (Bush) finally listened to his financial guru's and started the bank bailouts, TARP and the auto industry bailouts. Had he not - we'd all be up schitz creek without a paddle. And Obama was intelligent enough to NOT stop those programs, plus he put the cost of the 2 Bush wars ON BUDGET, while GW HID the costs under 'Discretionary Presidential Spending.' Obama is so much better the GW Bush and Ronald Reagan it isn't funny.
Funny thing is, this 'shill' has only posted that he's 'found' something at Penny Stock Weakly. (Misspelled on purpose). That's all he's ever posted.
I hope all you unAmerican jerks lose your #$%$ trying to get rich by buying a COMMUNIST CHINESE stock. There are so many American investments that you could have bought that will do better! Hope you lose every fricking DIME!!!
Good choice - of you like giving money away! Better choices: EPD, AAPL, CLX, And about a thousand others. Good luck. I'm taking a 7% loss in just a short time. Tells me someone knows more than I do about this dog!
That's the difference between us. You're a dividend investor and I'm a ROI investor, and that sometimes includes high divvy stocks. My investment account is up (as of the end of August) YTD 27.52% and 12 months 37.34%. Since inception average 20.20% gain per year. And some years I converted to cash and sat on the sidelines. My active trading year average is quite a bit higher than 20.20%.Sitting on the sidelines with cash is how I missed the big declines under GW Bush. BTW the 5 biggest declines ever, in the DJIA were under GW Bush.