Answer is UGPIX - up 11% on Friday !!
So Ma is not dedicate all his time in BABA ? It reminda me the Suntech Solar, his chairman also set up a family plant and get most business from Suntech with much higher profit margin. This caused Suntech to loss most of its cash and file bankruptcy and most US lender can't get anything because China paid their local lender first. Suntech solar was the biggest solar firm at that time and the chairman was the richest man in China. Now he is not allowed to leave china and in lawsuit. All Suntech share holders in America get ZERO !!
Have you seen any other major American company CEO doing that ?? I don't. Facebook CEO did not sell his stock even when his stock fell down to $19.
It is ok that the CEO jumps off the ship ??? I don't understand your logic.... Obviously, the CEO does not believe in the future of the share price or does not believe in the future of his own company !!!
Oh, a typo, I should say "However, I know even the best fund manager can not stop the slide when market is decidedly to go down. "
Biotech, med del, med eq, health and pharmacy are half of my holdings in my accounts. I have more confidence in these sectors than others over the long term. Half of the country is baby bloomers. However, I know even the best fund manager can stop the slide when market is decidedly to go down. One thing I can do is continue my bi-weekly contribution. Actually I doubled it. When market is down, the same contribution buy more shares. Some time it takes few years to get back to the previous top for a sector, it is ok. I keep buying. This is the only way to win. If you don't plan to buy and hold for a few years, it is not wise to invest in this environment. If you have a few years, don't worry much. Investment does not mean making money right away. It is like starting a business, it takes few months or years to break even and then make profit. Good luck.
FBIOX is the only one in green color in Fidelity section funds today... I thought we would be 2% to 3% lower, so I am happy ;-)
I starting buying energy too because it so low now... But it may still go down more in next 6 months before it bottom. Long term investment, will add more when it drops more. Good luck.
90% of investors are retailer small guys, they all lost confidence in their gov now and most have a lost and killed by their margin selling, they are not going to buy much now and many are selling whenever market goes up a little. I don't have much hope in short term. It may take another 6 to 12 months to heal. 2 cents.
I guess you are one of the professional. I wish you luck tomorrow. As long as they get in more money, no one care how they made it.
We manage our own Roth IRA and Rollover IRA, the balance is more than triple in last few years.... And my 2nd half also has a brokerage account too. For people who trade more, a few more clicks here and there is very cumbersome. And the new web site is slower than classic web site too. The spinning wheel comes up on every click ! New web page is made for single task and single window to trade single account (instead of multi tasks and multi windows to trade in multiple accounts as in classic webpage), that kills us too. It is very difficult to trade often and almost impossible to trade multiple different stocks in multiple accounts at the same time... You should give it a try then you will understand my feeling. As you may know, timing is everything in trading.... That make us very very frustrated. I believe that the developers of this new web site do not trade much, so they don't know.
Basically, the CEO up in the management did not see reality anymore when the company became so big and the CEO felt like king or queen of the empire.... By the time CEO felt the heat, it was too late.
Oh, few typo, need more coffee...
For people who don't do much trade, it is ok. For the active traders, it is really really bad. Few more clicks per trade is bad !! And that little pop up trading window is hard to use and read, I always need to switch back to the full trading screen but it does not open a new tab on my browser, instead, it replaces everything in my current screen. And if I need to edit my order, it switches from full trading screen back to the pop up window and does not keep the info I entered !!! The web site is also slow, the pop up spinning wheel comes up on every click. It makes me dizzy after a while.....
I hope enough customers complaint about it so they switch back to classic web page.