This is temporary, but people are not thinking clearly today. For people that don't know what to do, hang in there. I'm not selling. This stock has been down before and made it back up and ended up paying a great dividend. Hard to believe but the world is NOT coming to an end. If you need to know, I have 1000 shares.
I'm having a hard time getting excited about a stock that's losing 6.38 a share. However, I don't think it is going to zero and for a speculation, I might take a chance and buy a 1000 shares. Good luck to all longs.
Wells Fargo came out with an outperform rating on May 13. Look what it's done since. People need to pay attention to these insane upgrades or you are going to get burned. These idiots need to get run out of business. Just go to the 3 month chart.
It is going up and down with the price of oil. When oil gets in the 70's and 80's, it will move up nicely, I'm sure. I sure won't sell at this price. I learned a valuable lesson a few years ago. I bought apple at 18. When it went to 13, I sold it. It started to move up and NEVER LOOKED BACK. In case you haven't noticed, I'm still a little emotional about that.
Are you kidding? What this is, is fear of the unknown If Greece gets kicked out of the EU. The EU can't take that chance so I expect they will get bailed out as in the past. I think it is highly probable that NBG will be a double in 2 weeks. The way I look at it, they should have already been kicked long ago. NOW is the time to buy after the drop tomorrow.
What is sick is I bought LNCGY mainly because of the no stop suggestion. I thought it was because of the way the traders were pushing this stock all over the place and he didn't want his clients to get stopped out and then have it soar higher. I'm in at 12 and will ride this to the end. No point in selling now. Retired and sick.
I also own LNG at 20 and "thank God", because I have lost my butt on LNCGY. I wish they would just sell their assets to a more viable company. I talked to a guy from that area while on a tour of Italy. He seemed to know the company very well. He said they are putting a pipeline already to the coast. I don't if he was spreading bull or not, but it got my hopes up.