RE: Where are we at?9 Mar 2021 11:57
Show me an investor that doesn't have 30%/40%/50% losses. We've all got them. It comes with the territory, literally. I have two stocks that are currently 50%+ down and I'm just as confident in their long-term prospects as I am with EUA.
If you're worried, you have only have three choices:
a. Crystallise the loss. But why on earth would anyone do that here, when the FSP is still ongoing?
b. Average down. A good strategy. Many LTHs have actually been averaging up in recent weeks. I have.
c. Hold patiently. Which is what most people are doing, riding the ups and downs and trusting their research.
As far as I can see, most serious investors - i.e. the ones who do their research and trust it, unless the facts change on the ground - will be doing (b) and (c). If you're getting twitchy and thinking about doing (a), fair enough. It's your choice.
But I don't have a huge amount of sympathy for anyone who isn't prepared to take one of these courses of action (or inaction) and just complains about the SP all day. Why did you invest if you weren't prepared for the ups and downs in the market?
Besides, nobody is "belittling" Army. They're simply saying that they're not going to entertain complaints from people who came late to EUA, probably jumped in on a spike, and are now unhappy that they didn't make a killing in five minutes. All it suggests to me (and apologies if I'm wrong) is that they didn't do enough research and/or are over-exposed. I said pretty much the same thing last time he was on here griping about the travails of the unfortunate recent holders (who, let's not forget, haven't suffered to anywhere near the same extent as those of us who lived through the suspension).
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