RE: Down Again!16 Aug 2018 20:19
Bacchusll, with any investment the timeframe is key.
If you are in for the long haul don't panic sell.
I sold out because of wider market concerns, I had seen this hit 630 a few times this year and held on.
But this time I could not resist taking some profit.
This does not mean I think it is a bad investment, but I have seen this drop enough times to hedge that it might do so again.
Long term it is a good dividend payer and everyone who has sold out will be hoping that they are not going to miss out on the next bit of good news.
The best place to be in is where you can sell some whilst leaving some skin in the game. I don't have that kind of capital investment available so fees take a toll on any consideration to buy or sell.
I was 25% up so could not ignore the opportunity to try and realize some cash profit. But I still want back in and any where between 580 and 560 I'll be back like a shot.
If your time frame is short then I don't know what to advise, I'm not a very good trader and always make a loss when I try to invest over days or weeks. I don't have the skills to read the market day to day.
Best of luck and DYOR.
Marcus - formerly bewareshadows