I bought into AVP at 5 and change I figured it was a take over stock. Well I did not follow my own rule and get out after a 8 percent decline well. I decided the pain was to much and sold, took a 11k loss. So do not wory now that I sold a buyer will be announced soon.
I am on the hook thinking of selling but hate taking the loss. I do not think there is a white Knight coming around the corner, I think we are going to be in it by ourselves
If there was a buyer it would have happened by now. I bought in thinking there might be a white knight now I feel nobody is going to jump in to save the co. If this company is going to be saved it will come from management. If not then good night Gracy.
If you sell for a loss it is a tax right off for other gains you had, and your out no more worries. If you hold and they are bought out you will kick yourself. I myself never sweat I will ride it out. Can use the loss to offset gains. Scared money always makes irrational moves.
Firstly he is not a trader he is an investor secondly dollar cost average down, since nobody buy nobody can pick a bottom
Look it is simple. This stock is going down because of interest rate hikes that are coming. Rather then cry dollar cost average down I would not have nightmares yet. Personally I sold all my stock holdings except two, because I feel we are very near a correction or bear market that is the nightmare you should be worried about.
My strategy now is to look for beaten down stocks like this one, and only by a few hundred shares and wait for it to drop more and it will. It will drop for fears of interest rate increases. Or because the market ran out of steam nothing goes up forever. Either way by beat up stocks and add to it. Just my two cents,
Has Micky D beat hands down charcoal broiled brought to your table tasty meat and chicken. To bad the quality is lacking in food and service from Micky D. They should take a page from Carl Juniors
I Think that investors are seeing this as less demand for all products. I think they are throwing the baby out with the bath water. I just bought in and sold off some drillers. I will buy on the dips.
I am retired and live in Mexico I have a mail forwarding service. At the service I have a letter, it needs to be sent to me. It is from the dept. of finance West Virgina. I did not live there or did business there. So I only have to assume it concerning an mlp. I never owned huge shares of stock most maybe 1000 shares of one mlp but smaller amounts of others. If this is concerning MLP state tax it has to be a small amount and would cost more for my accountant to file. Any thoughts?
Fidelity says that they do not issue 1099s showing mlps that you are supposed to go by the K1 not one MLP I own is liste on my 1099 from fidelity. also I thought LNCO was not an mlp. Therefore would it not be a dividend ? Please excuse my ignorance.
Let me add, the better way to do it is to buy some now and buy on dips. That is if you really want to own the stock. Does not pay to time the market.