Guys, best to move on now.
If you like the stock, it could be a great buying opportunity to top up.
If you sold out on panic and didn't stay true to your research, then see it as a lesson into investing and remember the losses can be offset against any future gains and you can still get in at not much lower than the bottom on Friday. Value and price always meet and the market is bipolar at times, so if you believe the stock is cheap it brings up a great buying opportunity.
If you didn't sell and your analysis to buy was right, then it will take a bit longer to get to fair value. Thats a good thing if you purchased under a year ago, as it cleared out weak hands and means that you can sell after a year and take advantage of the 50% tax free threshold on capital gains when it goes up. Maybe if this hadn't happened a lot more investors would have had the same idea, which could have put pressure on the price.
If you can't handle your investment dropping by 50% then you shouldn't be investing in the share market with all respect.
Take responsibility for your actions and remember there is always a silver lining in every situation, even if you don't see it at the time.
I recommend that all posters go the the Warren Buffett twitter site, its very inspirational.
- Forums
- ASX - By Stock
- BIG
- AFR Article
AFR Article, page-338
-
- There are more pages in this discussion • 65 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)