I was in ASB from $2.18.. Tanked down to $1.50 in 3 days. I sold...

I was in ASB from $2.18.. Tanked down to $1.50 in 3 days. I sold out, increased holdings in A2m around $1.12 and made it up way quicker than waiting for ASB. The loss I can write off against A2m profits so good all round. I realised that I didn't need to stay in the same stocks to turn around while other stocks were heading up. It's like riding elevators. Some going up , some going down. Jump on one going up. DYOR ofcourse, but if I sat in ASB I would be down at $1.20 now. It actually went down to $1 last week. Much happier with taking the ASB money and turning it around in something more solid trending up.

(I did hear bloomberg analysts say that end of year we'd be looking at $40-$50 a barrel crude) but then again...their guess is as good as yours or mine.

Don't marry stocks. Just make money from them. If the fundamentals look great then stick it out. But if it's a gamble...Then weigh up the risks vs other stocks. My humble opinion only.

You'll make the right decision