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The index has recently been going up day after day recently but not taking Vodafone with it. The question is, when the nice run comes to an end as it surely will, will they rotate into Vodafone or not. If the FTSE 100 went down a lot from here would it drag Vodafone even lower?
Recently lol
If it goes lower - buy more.
" If it goes lower - buy more."
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Neah - that's gambling! And reminds of . . .
"Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it.
If it don't go up, don't buy it".
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:) :) :)
Quote is by an American comic (Will Rogers) from the black and white movie era of the 1930's.
GutterSnipe, why don't you just put your money in a savings account then
"Neah - that's gambling! And reminds of"
Some say all forms of investing are gambling, with many giving it the title of "Posh Bingo". Many refer to buying more, as the price drops, as averaging down. If you're sure of the company you're buying stock in. as it drops, is that a gamble in the same sense as day trading? I would say it isn't.
@robleo
It is much easier to filter out the rubbish and a55hole comments that come from guttersnipe. Look at his joining date and the number of posts and you will see he is here just to disrupt.
I just had a wee look and all he has said is that Vod is not going up as the FTSE rises but will more than likely go down when the FTSE falls. What exactly has he said that is incorrect? As per the "buy more" when it falls, averaging down continuously is gambling and is just hope and we all know that hope is for the poor and the unemployed
Thankyou narcus. I tend to forget that some here are already in Vodafone and so get annoyed at bearish comments. I'm just looking around for some shares to buy having missed the run from the October low. Vodafone seems cheap, the only I can find, however it could be a value trap...
'and we all know that hope is for the poor and the unemployed'
I would add, alcoholics and betting shop owners to that
"I just had a wee look and all he has said is that Vod is not going up as the FTSE rises but will more than likely go down when the FTSE falls. What exactly has he said that is incorrect? " In his opinion
Everyone is entitled to an opinion, but the disclaimer, "Please remember that past performance may not be indicative of future results", works both ways. Just because Vodafone, and Telecom stocks in general, have been locked into a downtrend doesn't mean that'll persist forever. Common sense suggests that the lower a safe stock drops, the more resistance to further price declines. Since no one's saying Vodafone's at risk of going bust, there must be a finite price per share in the absence of bad news, does GutterSnipe have insider knowledge backing up his opinion that Vodafone will continually drop ad ininitum?
As per the "buy more" when it falls, averaging down continuously is gambling" In your opinion
Not necessarily, averaging down is a well known and used investment strategy. Obviously investing in a company spiraling into bankruptcy, is gambling on a meme stock type event, as happened with Gamestop, but averaging down in a stock you confidently believe is undervalued isn't, in my opinion.
Warren Buffet quote
If you liked it enough to buy it before sp dropped and you did your homework.
You must like it even better now it has dropped.
Worked well for him.
Stock market definitely a gamble.
But the more homework you do the luckier you get
unfortunately Buffert doesn;t buy a crop of crap run by a been counter who is out of his depth and has lost about 50billion of market cap
It was actually in reply to a post on averaging down.
The most important part.
It’s even repeated twice is do your homework.
I’ve never said if Vodafone was a buy or sell, but people do continue to buy at this price.
And if you don't possess the ability to be regarded as one of the best genius investor's that has ever lived, like Warren Buffett, but are a mere mortal average Joe, investor - then yet another quote runs:
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" The easiest, way to make money is to hold stocks in bull market uptrends.
- The easiest way to lose money is to hold stocks through bear markets".
However when I mess up even that, my fall back position is this:
"The best way to double your money is to fold it in two and put it in your back pocket"
??
"When tide goes out you can see whos not wearing a bathing costume"
Lets hope it doesn't apply to Vodafone