Days like this you can remember the GFC like it was yesterday, but you have to also remember what took place after the GFC, one of the biggest rallies we have ever seen & all those that sold in panic sat back & watched there stocks soar back to reasonable levels once common sense came back to the market, worse thing you can do is panic sell on days this, even if the market does get worse before it gets better which likely it will, stocks will find there bottom & crawl back higher as sellers get exhausted & bargain hunters come in, wont happen overnight but will happen when the panic settles, tough times ahead but unless you have the oppertunity now to only get out at a small loss from your entry or need the cash in the shorter term, best to turn the screen off & be prepared to ride it out over coming months & wait for an up day to sell not a panic day like today, overvalued stocks, stocks with no cash & early exploration projects are probaly the first stocks you would look to get rid of if the market gets worse, cashed up advanced companies will always rebound to realistic levels once things settle. Advanced gold stocks well worth watching in current market.
Just my thinking for now as my stocks fall apart lol..
Best investment for the next few months:
http://www.adultdiapersstore.com/
- Forums
- ASX - General
- if you survived the gfc you can survive this..
Days like this you can remember the GFC like it was yesterday,...
-
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online