by Travis Johnson, Stock Gumshoe | October 8, 2018 8:06 am
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At age 86, I have cut back on my buying, if we have a bad crash I would not have time on my side to recover. Investors should look at the big picture and use their brains, when buying. It appears to me that in recent weeks a lot of my stocks have gone sideways. Some are not showing me growth as much as they did two years ago. Just my thoughts. Its your money.
While I have a moment, before I continue reading more valuable info, thank you for this straight forward take on the recent market downturn. I’m trying something different this time…. holding mostly, buying some more at what I hope are discounted prices, and looking forward to a few months from now and looking back at this dip as a fortunate buying opportunity. I bought Marathon Oil. Any opinions on oil sector?
Need advice on HNHPF (Hon Hai Precision) aka Foxconn. I swallowed Oxford Club Buy Recommendation 14,200 shares@ 5.22. NOW it’s down to 4.40. ADVICE?
#HNHPF
Chris, that must feel really scary, but lots of stocks are down right now.
If my calculations are correct, your 25% stop loss would be $3.92, so you’re not near that yet.
Did Alex Green suggest using stop losses? I thought he said to plan to hold for several years.
I started with a much smaller position, so I’ve added a little when it fell. I understand your angst, but I can’t advise you.