Love the way FSC is moving up. Will be even shortly - that is a good thing.
New stocks bought in Dec were MUR, RYN, SCCO, & RIG. Will consider selling shortly GE - it has doubled for wife & CHRW it seems to be the definition of a slow pony.
Unlike most here I imagine, I buy & hold for min. of 6 months usually longer. CHRW has passed the 6 month time frame & am cutting it loose. Had to give up most of the buy & sell within one week stock trading; deleterious to work schedule & stomach lining. Now try to go for better stock, bigger bang, less Maalox, & more better quality work. ADES is the one exception to the rule. Have bought & sold it 4 times now - 3 times for a profit. Not bad for a reformed English Major & now a Sculptor for last 14 years.
Son-in-law has not had the experience you have had in market. After several episodes like this maybe he will become a little more cold-blooded about the market. The market is certainly cold-blooded to investors for the most part.
Sampson, I bought MAIN some years ago & sold it around $25 - about 2 years ago. Just could not understand what was pushing the stock price up.
Depends on the level of fear vs greed. If fear has the upper hand - sell 50%. If greed & far-sided vision has you in it's grip hold for a little more pop then sell.
Like you Wise also have SLB in wifes' account. Think RIG will do well shortly.
Some of the reasons I bought RIG over ESV thought RIG had better future, was a little more beaten down, & also has 5 large rigs under contract. As a rule try not to buy non-USA stocks - Schwab does not do divie reinvestment on them. Also currency exchange problems on divie. But with RIG am hoping to continue making wife's IRA plumper.
Agree Wisej about asking wife. Have been asking wife what she wants in her IRA. Last year around Sept she said Kroger. Bought it, sold it this year - it had doubled. The only probem with that scenario is I do the grocery shopping at Walmart.
Have a great week.
Like hearing all the talk of FSC going up in Spring/Summer. Also have FSC below NAV & fairly happy about it. Would like more but for that would need more money in IRA.
Wise, believe that AT fell because of gross mismanagement. Am looking at AT as well. It is breaking my rules to buy it since it is so low & only has so much upside. Can't say I am not sorely tempted.
Am with Phil on Telecoms. They have become a commodity - ergo driven by consumer sentiment. Am not interested in stock driven by flighty consumers. That is why got rid of Frontier (FTR) 6 months ago. Great divie priced about at FSC level but stock price thrashed around by anguished consumers.
Like my stocks to have ok divies & generally to go upwards.
Wise might want to look at Murphy Oil (MUR) & National Oilwell Varco NOV. Bought MUR recently. NOV made it to the finalist list his week for me to buy. Pepsi (PEP) beat out NOV today for wifes IRA.
Already bought RIG & SLB several weeks ago.
Am with you on RIG. Disagree slightly about being a $50 stock. Am thinking it is closer to a $65 stock. We still agree that it is worth more than it is currently selling for.
Sold my HTGC yesterday & my FSC two days ago. Both were in the money for me but am not sure that they would stay that way with their being dropped from indexes.
Held onto my SCCO even though it dropped significantly today 6%. Still in the black there, think it is an overreaction.