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Nokia Corporation Message Board

moha0061 2 posts  |  Last Activity: Mar 30, 2016 12:54 AM Member since: Mar 14, 2010
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  • moha0061 moha0061 Mar 30, 2016 12:54 AM Flag

    A word of caution...don't buy on margin. It can multiply your pain and destroy your wealth. Margins can build your portfolio during bull markets and early market up trends but can destroy you during tired market, news driven market or bear market...all the hallmark of current market. In this market, AVOID MARGINS. My sincere warning speaking from experience

  • Reply to

    Stock prices

    by xec7 Mar 29, 2016 9:57 PM
    moha0061 moha0061 Mar 30, 2016 12:42 AM Flag

    If you owned pharma stocks you are screaming your lungs out. You look at the market rebound and you look at pharma names, well you know what I'm talking about. I learnt my hard lesson holding into ER my ENDP and MYL and sold CXRX at 33 and so far,it's acting as my gut feeling hinted. I thought of writing a thread yelling sell,sell but I didn't want to influence anyone missing a big upside jump. The bottom line is, the selling pressure isn't over and you are going to see a new 52 week low, the question is how far can it fall? No body knows but don't be surprised how low these names can fall. Just look at its peers, it's dreadful!!! My opinion is if you are still holding, ride it out and may be add at low prices if you can afford. Diversification saved my portfolio. Rebalanced my portfolio at the beginning of the year and it was a timely lucky move. It's hard to overemphasize the importance of a balance diversified portfolio. Healthcare looks like oil names in 2015, but is the bottom reached or more downside in healthcare names is the ?. It's hard to pick the bottom in healthcare names compared to oil names. But they are worth buying them in the coming weeks as money might rotate back to healthcare at current valuations.

NOK
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