I didn't miss anything. I bought a chunk below $11 and will sit on that for the eventual ride up. Believe me, I don't want it to drop. My point was that I would only pick up more IF it ever went that low again.
I think it is okay. It tanked pretty hard the other day. Overall, this stock is going to bounce around for quite a while. Long term hold for me. And will buy on a couple dips below $11 where I bought it - if it goes down that far.
Completely agree with you Miami~!
Thanks for sharing Burn.
I buy stocks for the long haul, generally. I USED TO trade more than invest (think speculative stocks) and did well but I also got burned. So, I changed my ways.
I am very diversified, mostly through mutual funds, but also stock sectors. I think that's a key. I've been buying more companies that will do well over time with, potentially, less fluctuations or act differently in different markets. Some examples of my stocks: GE, GIS, FB, BP, MO, JNJ, BAC, XOM, WFC, WM, CHK, SO, CSCO, MSFT, AAPL, DIS, EOUY, etc... As you can see, almost all have solid dividends that I reinvest. But, then there's OPK.
Sure, a market turn downward would take OPK with it, like most other stocks (except for some in a couple sectors). To what extent things go down, we won't know until that happens maybe this year or next year. As you know, market timing is no one's friend.
IMO, hold those you believe in that have a good future, even in downturns, and it will pay off for you. Buy more on big dips (for me that's 20%+). I am averaged in OPK at about $7-$8 and haven't bought any shares since $10. BUT, I am holding LONG and will only sell a portion, only a portion, once we hit what I 'd like to think is an inevitable much higher price. For the rest of my shares, I will sell a couple smaller chunks if we keep getting huge highs. Take for instance, LNG. I bought at $22.50, it went to around $84. I sold at $81 and $75, (now at about $77) but still hold some for the eventual ride up. I will do the same strategy with OPK. Good luck.
Ha! Good luck with that. Buy and Hold. I've been saying for a long time now, 'Do not bet against the good Doctor.' Long.
Why not just put all those on ignore? I have them on ignore and don't have to deal with any of that nonsense.
I am averaged in at about $8 and haven't bought any more in a long time. It is a spec. stock that I believe has a lot of promise and that is why I am holding. Long.
This is a buy and hold stock for me in my Roth. I've had it for some time and just collecting dividends while it decides what to do. :) Long.
When it went to $15, people were talking about selling because it would go down and couldn't hold those gains. In less than a week it is back up.
I've been just holding since I bought at $11.08 a few months ago. IMO, it's better to just hold this stock long term instead of trying to guess where it is going next. LONG. :)
Yep. A little bummed that this is down when all but one of my stocks and all of my ETFs are doing very well today. Not happy, but still Long.
Exactly. Try to time the market or a stock and you can get screwed. It can work in your favor too but I am not into trading day in and day out. I buy stocks that have a longer future and willing to wait and collect divys until that time. This is just one of several stocks, funds and etfs for me
I understand that it will go down. Not worried. To each his own - investor or trader. I don't go in and out of stocks and try to time things like I used to. Some trades were good, some weren't. I've been doing better, and less stressed buying only stocks that I believe are positive long term.
Of my stocks - most of these are purchases at lows this year, some are 2-5 years old: DIS, CHK, SDRL, OPK, XOM, BP, WFC, GE, AAPL, MSFT,CSCO, VEOY, LNG, LEG,....
I am holding long term. I already have a 32% gain. If it drops below $12 for some reason, I would just buy more. I believe it will go over $20 some day.
I got in at $76.-, I think getting in now and going Long would serve you well. Possible you'll see some drops so maybe buy half now and wait on the other half? Good luck
I thought that article came out a couple months ago. I am guessing we won't see the results of this until next year. Hope it moves higher. Long.